<SEC-DOCUMENT>0001193125-18-152913.txt : 20180504
<SEC-HEADER>0001193125-18-152913.hdr.sgml : 20180504
<ACCEPTANCE-DATETIME>20180504164828
ACCESSION NUMBER:		0001193125-18-152913
CONFORMED SUBMISSION TYPE:	20-F/A
PUBLIC DOCUMENT COUNT:		179
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180504
DATE AS OF CHANGE:		20180504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		20-F/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		18808588

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F/A
<SEQUENCE>1
<FILENAME>d581870d20fa.htm
<DESCRIPTION>AMENDMENT NO. 1 TO FORM 20-F
<TEXT>
<HTML><HEAD>
<TITLE>AMENDMENT NO. 1 TO FORM 20-F</TITLE>
</HEAD>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and
Exchange Commission on May 4, 2018 </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:20pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">20-F/A</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:20pt; font-family:Times New Roman" ALIGN="center"><B>(Amendment No.&nbsp;1) </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">(Mark One) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g)&nbsp;OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9746;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December&nbsp;31, 2017 </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company
report<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </B></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:12pt; font-family:Times New Roman"><B>For the transition period
from<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>to<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number: <FONT STYLE="white-space:nowrap">001-14950</FONT>
</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR HOLDINGS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s name into English) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Federative Republic of Brazil </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Jurisdiction of incorporation or organization) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Avenida Brigadeiro Luis Ant&ocirc;nio, 1343 &#150; 9&ordm; andar </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>S&atilde;o Paulo, SP, Brazil <FONT STYLE="white-space:nowrap">01317-910</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Telephone: 55 11 3177 3820 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Andr&eacute; Pires de Oliveira Dias </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chief Financial and Investor Relations Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Avenida Brigadeiro Luis Ant&ocirc;nio, 1343 &#150; 9&ordm; andar </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S&atilde;o Paulo, SP, Brazil 01317-910 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Email: invest@ultra.com.br </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Telephone: 55 11 3177 7014 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act: </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Name of each exchange on which registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Common Shares, without par value (represented by, and</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">traded only in the form of, American Depositary Shares</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(evidenced
by American Depositary Receipts), with each</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">American Depositary Share representing one common share)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">New York Stock Exchange</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act: None </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Securities for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act: None </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate the number of outstanding shares of each of the issuer&#146;s classes of capital or common stock as of the close of the period
covered by the annual report. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The number of outstanding shares of each class as of December&nbsp;31, 2017 was: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of Class</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number of Shares Outstanding&nbsp;<BR></B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Common Stock</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>556,405,096</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the
Securities Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9746;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;No</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this report is an annual or
transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of
1934.&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&#9746;&nbsp;&nbsp;No</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Note &#150; Checking the box above will
not relieve any registrant required to file reports pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past 90
days.&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&#9746;&nbsp;&nbsp;No </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> during the preceding
12 months (or for such shorter period that the registrant was required to submit and post such files)&nbsp;&nbsp;&nbsp;&nbsp;&#9746;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;No </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
<FONT STYLE="white-space:nowrap">non-accelerated</FONT> filer, or an emerging growth company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filers,&#148; and &#147;emerging growth company&#148; in Rule <FONT
STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act. (Check one): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Large Accelerated
Filer&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated Filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">Non-accelerated</FONT> Filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth
company&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#134; provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#134; The term &#147;new or revised financial accounting standard&#148; refers to any update issued by the Financial Accounting Standards
Board to its Accounting Standards Codification after April&nbsp;5, 2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark which basis of accounting the registrant
has used to prepare the financial statements included in this filing: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">International Financial Reporting Standards as issued by the
International Accounting Standards Board&nbsp;&nbsp;&#9746; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If &#147;Other&#148; has been checked in response to the previous question,
indicate by check mark which financial statement item the registrant has elected to follow. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Item&nbsp;17&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;18&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule <FONT
STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">&#9744;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;&#9746;&nbsp;No </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPLANATORY NOTE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Amendment No.&nbsp;1 to the Annual Report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> of Ultrapar Participa&ccedil;&otilde;es S.A. (the
&#147;Company&#148;) amends the Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> for the year ended December&nbsp;31, 2017 (the &#147;Original <FONT STYLE="white-space:nowrap">20-F&#148;),</FONT> which was filed with
the Securities and Exchange Commission on April&nbsp;6, 2018.&nbsp;The Company is filing this Amendment No.&nbsp;1 solely to furnish Exhibit 101, which was not included in the Original <FONT STYLE="white-space:nowrap">20-F.&nbsp;Exhibit</FONT> 101
includes information about the Company in eXtensible Business Reporting Language (XBRL). Exhibit 101 was omitted from the Original 20-F in accordance with the 30-day grace period provided under Rule 405(a)(2)(ii) of Regulation S-T. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as described above, this Amendment No.&nbsp;1 does not amend any information set forth in the Original <FONT STYLE="white-space:nowrap">20-F,</FONT>
and the Company has not updated disclosures included therein to reflect any events that occurred subsequent to April&nbsp;6, 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to Rule 406T
of Regulation <FONT STYLE="white-space:nowrap">S-T,</FONT> these interactive data files are deemed furnished and not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended,
and are deemed not filed for purposes of Section&nbsp;18 of the Securities and Exchange Act of 1934, as amended, and are otherwise not subject to liability under those sections. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART III </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;19.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>EXHIBITS </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.INS*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Instance Document</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.SCH*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Taxonomy Extension Schema Document</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.CAL*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Taxonomy Extension Calculation Linkbase Document</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.DEF*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Taxonomy Extension Definition Linkbase Document</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.LAB*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Taxonomy Extension Label Linkbase Document</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">101.PRE*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">XBRL Taxonomy Extension Presentation Linkbase Document</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">In accordance with Rule 406T(b)(2) of Regulation <FONT STYLE="white-space:nowrap">S-T,</FONT> this eXtensible Business Reporting Language (XBRL) information is furnished and not filed or part of a registration statement
or prospectus for purposes of Sections&nbsp;11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section&nbsp;18 of the Exchange Act of 1934, as amended, and otherwise are not subject to liability under those
sections. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registrant hereby certifies that it meets all of the requirements for filing on Form <FONT STYLE="white-space:nowrap">20-F</FONT> and that it has duly
caused and authorized the undersigned to sign this Amendment No.&nbsp;1 to the annual report on Form <FONT STYLE="white-space:nowrap">20-F</FONT> on its behalf. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/<SMALL>S</SMALL>/&nbsp;&nbsp;&nbsp;&nbsp; F<SMALL>REDERICO</SMALL> P<SMALL>INHEIRO</SMALL> F<SMALL>LEURY</SMALL> C<SMALL>URADO</SMALL>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Name:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Frederico Pinheiro Fleury Curado</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chief Executive Officer</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="44%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: May&nbsp;4, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">/<SMALL>S</SMALL>/&nbsp;&nbsp;&nbsp;&nbsp;A<SMALL>NDR&Eacute;</SMALL> P<SMALL>IRES</SMALL> <SMALL>DE</SMALL> O<SMALL>LIVEIRA</SMALL> D<SMALL>IAS</SMALL></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:10pt">Name:</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Andr&eacute; Pires de Oliveira Dias</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Chief Financial and Investor Relations Officer</TD></TR>
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    <UGP:CommercialTransactionsSalesAndServices contextRef="From2016-01-01to2016-12-31_custom_OxicapIndustriaDeGasesMember" decimals="-3" unitRef="BRL">6000</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2015-01-01to2015-12-31_custom_OxicapIndustriaDeGasesMember" decimals="-3" unitRef="BRL">6000</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2017-01-01to2017-12-31_custom_ConectCarSolucoesDeMobilidadeEletronicaMember" decimals="-3" unitRef="BRL">7239000</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2016-01-01to2016-12-31_custom_ConectCarSolucoesDeMobilidadeEletronicaMember" decimals="-3" unitRef="BRL">13329000</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2015-01-01to2015-12-31_custom_ConectCarSolucoesDeMobilidadeEletronicaMember" decimals="-3" unitRef="BRL">18205000</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2017-01-01to2017-12-31_custom_RefinariaDePetroleoRigrandenseMember" decimals="-3" unitRef="BRL">0</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2016-01-01to2016-12-31_custom_RefinariaDePetroleoRigrandenseMember" decimals="-3" unitRef="BRL">0</UGP:CommercialTransactionsSalesAndServices>
    <UGP:CommercialTransactionsSalesAndServices contextRef="From2015-01-01to2015-12-31_custom_RefinariaDePetroleoRigrandenseMember" decimals="-3" unitRef="BRL">0</UGP:CommercialTransactionsSalesAndServices>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">50307000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">51542000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">49123000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31_custom_ShortTermCompensationMember" decimals="-3" unitRef="BRL">45477000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2016-01-01to2016-12-31_custom_ShortTermCompensationMember" decimals="-3" unitRef="BRL">40306000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2015-01-01to2015-12-31_custom_ShortTermCompensationMember" decimals="-3" unitRef="BRL">37759000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31_custom_StockCompensationMember" decimals="-3" unitRef="BRL">1399000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2016-01-01to2016-12-31_custom_StockCompensationMember" decimals="-3" unitRef="BRL">5427000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2015-01-01to2015-12-31_custom_StockCompensationMember" decimals="-3" unitRef="BRL">6126000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31_custom_PostEmploymentBenefitsMember" decimals="-3" unitRef="BRL">1096000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2016-01-01to2016-12-31_custom_PostEmploymentBenefitsMember" decimals="-3" unitRef="BRL">3336000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2015-01-01to2015-12-31_custom_PostEmploymentBenefitsMember" decimals="-3" unitRef="BRL">2936000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31_custom_LongTermCompensationMember" decimals="-3" unitRef="BRL">-6459000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2016-01-01to2016-12-31_custom_LongTermCompensationMember" decimals="-3" unitRef="BRL">2473000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2015-01-01to2015-12-31_custom_LongTermCompensationMember" decimals="-3" unitRef="BRL">2302000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:KeyManagementPersonnelCompensation contextRef="From2017-01-01to2017-12-31_custom_TerminationBenefitMember" decimals="-3" unitRef="BRL">8794000</ifrs-full:KeyManagementPersonnelCompensation>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member">2022 to 2024</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member">2021 to 2023</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member">2019 to 2021</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member">2019 to 2021</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member">2017 to 2019</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member">2016 to 2018</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member">2015 to 2017</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember">2023</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember">2020 to 2022</ifrs-full:DescriptionOfVestingRequirementsForSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member">13-Mar-17</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member">4-Mar-16</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member">9-Dec-14</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member">5-Mar-14</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member">7-Nov-12</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member">14-Dec-11</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member">10-Nov-10</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember">1-Oct-17</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <ifrs-full:DateOfGrantOfSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember">8-Nov-17</ifrs-full:DateOfGrantOfSharebasedPaymentArrangement>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">43519000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member" decimals="-3" unitRef="BRL">8051000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member" decimals="-3" unitRef="BRL">11808000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member" decimals="-3" unitRef="BRL">18965000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member" decimals="-3" unitRef="BRL">2093000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member" decimals="-3" unitRef="BRL">2372000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member" decimals="-3" unitRef="BRL">230000</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:AccumulatedUnrecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member" decimals="-3" unitRef="BRL">0</UGP:AccumulatedUnrecognizedGrantCosts>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">105521000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member" decimals="-3" unitRef="BRL">9378000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member" decimals="-3" unitRef="BRL">17147000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member" decimals="-3" unitRef="BRL">39814000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member" decimals="-3" unitRef="BRL">5999000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member" decimals="-3" unitRef="BRL">18309000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member" decimals="-3" unitRef="BRL">5272000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:SharebasedPaymentGrantsCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member" decimals="-3" unitRef="BRL">9602000</UGP:SharebasedPaymentGrantsCostsIncludingTaxes>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">-62002000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member" decimals="-3" unitRef="BRL">-1327000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member" decimals="-3" unitRef="BRL">-5339000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member" decimals="-3" unitRef="BRL">-20849000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member" decimals="-3" unitRef="BRL">-3906000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member" decimals="-3" unitRef="BRL">-15937000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member" decimals="-3" unitRef="BRL">-5042000</UGP:AccumulatedRecognizedGrantCosts>
    <UGP:AccumulatedRecognizedGrantCosts contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member" decimals="-3" unitRef="BRL">-9602000</UGP:AccumulatedRecognizedGrantCosts>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements1Member" decimals="INF" unitRef="Shares">100000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements2Member" decimals="INF" unitRef="Shares">190000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements3Member" decimals="INF" unitRef="Shares">570000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements4Member" decimals="INF" unitRef="Shares">83400</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements5Member" decimals="INF" unitRef="Shares">199998</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements6Member" decimals="INF" unitRef="Shares">40000</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31_custom_SharebasedPaymentArrangements7Member" decimals="INF" unitRef="Shares">0</ifrs-full:NumberOfShareOptionsGrantedInSharebasedPaymentArrangement>
    <UGP:ShareOptionsGrantedInSharebasedPaymentArrangement contextRef="AsOf2017-12-31" decimals="INF" unitRef="Shares">1183398</UGP:ShareOptionsGrantedInSharebasedPaymentArrangement>
    <UGP:ShareOptionsGrantedInSharebasedPaymentArrangement contextRef="AsOf2016-12-31" decimals="INF" unitRef="Shares">1500072</UGP:ShareOptionsGrantedInSharebasedPaymentArrangement>
    <UGP:ShareOptionsGrantedInSharebasedPaymentArrangement contextRef="AsOf2015-12-31" decimals="INF" unitRef="Shares">1727264</UGP:ShareOptionsGrantedInSharebasedPaymentArrangement>
    <UGP:SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">-273341</UGP:SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement>
    <UGP:SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement contextRef="From2016-01-01to2016-12-31" decimals="INF" unitRef="Shares">-417192</UGP:SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement>
    <ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">7368000</ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax>
    <ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">3425000</ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax>
    <ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">6243000</ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax>
    <UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">11752000</UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense>
    <UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">18372000</UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense>
    <UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">16935000</UGP:AmortizationRecognizedAsGeneralAndAdministrativeExpense>
    <UGP:OffsetClaimsAndCreditDisallowances contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">645868000</UGP:OffsetClaimsAndCreditDisallowances>
    <UGP:OffsetClaimsAndCreditDisallowances contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">450120000</UGP:OffsetClaimsAndCreditDisallowances>
    <UGP:SubscriptionWarrantsShares contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">2415848</UGP:SubscriptionWarrantsShares>
    <UGP:SubscriptionWarrantsShares contextRef="From2016-01-01to2016-12-31" decimals="INF" unitRef="Shares">2394825</UGP:SubscriptionWarrantsShares>
    <UGP:MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">3035499</UGP:MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants>
    <UGP:MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants contextRef="From2016-01-01to2016-12-31" decimals="INF" unitRef="Shares">3059579</UGP:MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants>
    <ifrs-full:ResearchAndDevelopmentExpense contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">55836000</ifrs-full:ResearchAndDevelopmentExpense>
    <ifrs-full:ResearchAndDevelopmentExpense contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">50129000</ifrs-full:ResearchAndDevelopmentExpense>
    <ifrs-full:ResearchAndDevelopmentExpense contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">41368000</ifrs-full:ResearchAndDevelopmentExpense>
    <ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">160465000</ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease>
    <ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">101330000</ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease>
    <ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">100522000</ifrs-full:ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease>
    <UGP:TaxLossCarryforwards contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">598183000</UGP:TaxLossCarryforwards>
    <UGP:TaxLossCarryforwards contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">236956000</UGP:TaxLossCarryforwards>
    <dei:EntityCommonStockSharesOutstanding contextRef="AsOf2017-12-31" decimals="INF" unitRef="Shares">28935260</dei:EntityCommonStockSharesOutstanding>
    <dei:EntityCommonStockSharesOutstanding contextRef="AsOf2016-12-31" decimals="INF" unitRef="Shares">28944097</dei:EntityCommonStockSharesOutstanding>
    <ifrs-full:DividendsPayable contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">489027000</ifrs-full:DividendsPayable>
    <ifrs-full:DividendsPayable contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">472650000</ifrs-full:DividendsPayable>
    <UGP:CashCashEqivalentsAndFinancialInvestments contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">6369928000</UGP:CashCashEqivalentsAndFinancialInvestments>
    <UGP:CashCashEqivalentsAndFinancialInvestments contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">5701849000</UGP:CashCashEqivalentsAndFinancialInvestments>
    <UGP:CashCashEqivalentsAndFinancialInvestments contextRef="AsOf2015-12-31" decimals="-3" unitRef="BRL">3973162000</UGP:CashCashEqivalentsAndFinancialInvestments>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">47592000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">46254000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">145767000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">163096000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">81199000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">54185000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">40755000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets>
    <UGP:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">18452000</UGP:DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets>
    <UGP:DeferredIncomeAndSocialContributionTaxesGoodwill contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">14234000</UGP:DeferredIncomeAndSocialContributionTaxesGoodwill>
    <UGP:DeferredIncomeAndSocialContributionTaxesGoodwill contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">17823000</UGP:DeferredIncomeAndSocialContributionTaxesGoodwill>
    <UGP:DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">74972000</UGP:DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill>
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    <UGP:RetentionOfProfitsAndInvestmentsReserve contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">3915964000</UGP:RetentionOfProfitsAndInvestmentsReserve>
    <UGP:SharesHeldInTreasury contextRef="AsOf2017-12-31" decimals="INF" unitRef="Shares">13041356</UGP:SharesHeldInTreasury>
    <UGP:SharesHeldInTreasury contextRef="AsOf2016-12-31" decimals="INF" unitRef="Shares">13131356</UGP:SharesHeldInTreasury>
    <UGP:LongTermAssets contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">2653576000</UGP:LongTermAssets>
    <UGP:LongTermAssets contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">1846606000</UGP:LongTermAssets>
    <UGP:InvestmentsTotal contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">10485455000</UGP:InvestmentsTotal>
    <UGP:InvestmentsTotal contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">9301268000</UGP:InvestmentsTotal>
    <UGP:IndemnityAssetBusinessCombination contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">202352000</UGP:IndemnityAssetBusinessCombination>
    <UGP:IndemnityAssetBusinessCombination contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">0</UGP:IndemnityAssetBusinessCombination>
    <UGP:EquityInstruments contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">536000</UGP:EquityInstruments>
    <UGP:EquityInstruments contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">0</UGP:EquityInstruments>
    <ifrs-full:FinanceIncomeCost contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">-474296000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">-842576000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">-703338000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2017-01-01to2017-12-31_custom_IFRSNineAdoptionMember" decimals="-3" unitRef="BRL">0</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2017-01-01to2017-12-31_custom_IFRSFifteenAdoptionMember" decimals="-3" unitRef="BRL">0</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2017-01-01to2017-12-31_custom_AfterAdoptionMember" decimals="-3" unitRef="BRL">-474296000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2017-01-01to2017-12-31_custom_SubtotalMember" decimals="-3" unitRef="BRL">2064683000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2016-01-01to2016-12-31_custom_SubtotalMember" decimals="-3" unitRef="BRL">1673468000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost contextRef="From2015-01-01to2015-12-31_custom_SubtotalMember" decimals="-3" unitRef="BRL">1414687000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:AdjustmentsForReconcileProfitLoss contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">3499864000</ifrs-full:AdjustmentsForReconcileProfitLoss>
    <ifrs-full:AdjustmentsForReconcileProfitLoss contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">3339383000</ifrs-full:AdjustmentsForReconcileProfitLoss>
    <ifrs-full:AdjustmentsForReconcileProfitLoss contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">4118129000</ifrs-full:AdjustmentsForReconcileProfitLoss>
    <UGP:DividendsReceivedFromAssociatesAndJointVentures contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">29411000</UGP:DividendsReceivedFromAssociatesAndJointVentures>
    <UGP:DividendsReceivedFromAssociatesAndJointVentures contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">7925000</UGP:DividendsReceivedFromAssociatesAndJointVentures>
    <UGP:DividendsReceivedFromAssociatesAndJointVentures contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">3417000</UGP:DividendsReceivedFromAssociatesAndJointVentures>
    <UGP:DisclosureOfOperationsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Ultrapar Participa&amp;#231;&amp;#245;es S.A. (&amp;#8220;Ultrapar&amp;#8221;
or &amp;#8220;Company&amp;#8221;) is a publicly-traded company headquartered at the Brigadeiro Luis Ant&amp;#244;nio Avenue, 1343 in the city
of S&amp;#259;o Paulo &amp;#8211; SP, Brazil.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company engages in the investment of its
own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies.
Through its subsidiaries, it operates in the segments of liquefied petroleum gas - LPG distribution (&amp;#8220;Ultragaz&amp;#8221;), fuel
distribution and related businesses (&amp;#8220;Ipiranga&amp;#8221;), production and marketing of chemicals (&amp;#8220;Oxiteno&amp;#8221;), and
storage services for liquid bulk (&amp;#8220;Ultracargo&amp;#8221;) and retail distribution of pharmaceutical, hygiene, beauty, and skincare
products, through Imifarma Produtos Farmac&amp;#234;uticos e Cosm&amp;#233;ticos S.A. (&amp;#8220;Extrafarma&amp;#8221;). For further information
about segments see Note 30.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfOperationsExplanatory>
    <ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company&amp;#8217;s consolidated financial statements were prepared in accordance with the International Financial Reporting Standards
(&amp;#8220;IFRS&amp;#8221;) as issued by the International Accounting Standards Board (&amp;#8220;IASB&amp;#8221;).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;All
relevant specific information of the financial statements, and only this information, is being presented and correspond to that
used by the Company&amp;#8217;s and its subsidiaries&amp;#8217; Management.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
presentation currency of the Company&amp;#8217;s consolidated financial statements is the Brazilian Real (&amp;#8220;R$&amp;#8221;), which
is the Company&amp;#8217;s functional currency.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries applied the accounting policies described below in a consistent manner for all years presented in
the consolidated financial statements.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Recognition
    of Income&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Revenue
is measured at the fair value of the consideration received or receivable, net of sales returns, discounts, and other deductions,
if applicable.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Revenue
from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. Revenue
from sales of LPG is recognized when the products are delivered to customers at home, to independent dealers and to industrial
and commercial customers. Revenue from sales of pharmaceuticals is recognized when the products are delivered to end user customers
in own drugstores and when the products are delivered to independent resellers. Revenue from sales of chemical products is recognized
when the products are delivered to industrial customers, depending of the freight mode of delivery. The revenue provided from
storage services is recognized as services are performed. Costs of products sold and services provided include goods (mainly fuels,
lubricants, LPG, and pharmaceutical products), raw materials (chemicals and petrochemicals) and production, distribution, storage,
and filling costs.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Cash
    and Cash Equivalents&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Includes
cash, banks deposits, and short-term, highly-liquid investments that are readily convertible into a known amount of cash and are
subject to an insignificant risk of change in value. See Note 4 for further details on cash and cash equivalents of the Company
and its subsidiaries.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 12%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;c.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 88%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Financial
    Assets&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;In
accordance with International Accounting Standards (&amp;#8220;IAS&amp;#8221;) 32, IAS 39, and IFRS 7, the financial assets of the Company
and its subsidiaries are classified in accordance with the following categories:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Measured
                                         at fair value through profit or loss: financial assets held for trading, that is, acquired
                                         or incurred principally for the purpose of selling or repurchasing in the near term,
                                         and derivatives. The balances are stated at fair value. The interest earned, the exchange
                                         variation, and changes in fair value are recognized in profit or loss.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Held
                                         to maturity: non-derivative financial assets with fixed or determinable payments, and
                                         fixed maturities for which the entity has the positive intention and ability to hold
                                         to maturity. The interest earned and the foreign currency exchange variation are recognized
                                         in profit or loss, and balances are stated at acquisition cost plus the interest earned,
                                         using the effective interest rate method.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Available
                                         for sale: non-derivative financial assets that are designated as available for sale or
                                         that are not classified into other categories at initial recognition. The balances are
                                         stated at fair value, and the interest earned and the foreign currency exchange variation
                                         are recognized in profit or loss. Differences between fair value and acquisition cost
                                         plus the interest earned are recognized in other comprehensive income in the &amp;#8220;Valuation
                                         adjustments&amp;#8221;. Accumulated gains and losses recognized in shareholders&amp;#8217; equity
                                         are reclassified to profit or loss in case of prepayment.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Loans
                                         and receivables: non-derivative financial assets with fixed or determinable payments
                                         or receipts, not quoted in an active market, except: (i) those which the entity intends
                                         to sell immediately or in the near term and which the entity classified as measured at
                                         fair value through profit or loss; (ii) those classified as available for sale; or (iii)
                                         those for which the Company may not recover substantially all of its initial investment
                                         for reasons other than credit deterioration. The interest earned and the foreign currency
                                         exchange variation are recognized in profit or loss. The balances are stated at acquisition
                                         cost plus interest, using the effective interest rate method. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Hedge
                                         accounting - fair value hedge: financial instruments used to hedge exposure to changes
                                         in the fair value of an item, attributable to a particular risk, which can affect the
                                         entity&amp;#8217;s profit or loss. In the initial designation of the fair value hedge, the
                                         relationship between the hedging instrument and the hedged item is documented, including
                                         the objectives of risk management, the strategy in conducting the transaction, and the
                                         methods to be used to evaluate its effectiveness. Once the fair value hedge has been
                                         qualified as effective, the hedge item is also measured at fair value. Gains and losses
                                         from hedge instruments and hedge items are recognized in profit or loss. The hedge accounting
                                         must be discontinued when the hedge becomes ineffective.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Hedge
                                         accounting - cash flow hedge: financial instruments used to hedge the exposure to variability
                                         in cash flows that is attributable to a risk associated with an asset or liability or
                                         highly probable transaction or firm commitment that may affect the income statements.
                                         The portion of the gain or loss on the hedging instrument that is determined to be effective
                                         relating to the effects of exchange rate effect, is recognized directly in equity in
                                         accumulated other comprehensive income as &amp;#8220;Valuation adjustments&amp;#8221; while the
                                         ineffective portion is recognized in profit or loss. Gains or losses on the hedging instrument
                                         relating to the effective portion of this hedge that had been recognized directly in
                                         accumulated other comprehensive income shall be recognized in profit or loss in the period
                                         in which the hedged item is recognized in profit or loss or as initial cost of non- financial
                                         assets, in the same line of the statement that the hedged item is recognized. The hedge
                                         accounting shall be discontinued when (i) the Company cancels the hedging relationship;
                                         (ii) the hedging instrument expires; and (iii) the hedging instrument no longer qualifies
                                         for hedge accounting. When hedge accounting is discontinued, gains and losses recognized
                                         in other comprehensive income in equity are reclassified to profit or loss in the period
                                         which the hedged item is recognized in profit or loss. If the transaction hedged is canceled
                                         or is not expected to occur, the cumulative gains and losses in other comprehensive income
                                         in equity shall be recognized immediately in profit or loss.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 14.2pt; text-align: justify"&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Hedge
                                         accounting - hedge of net investments in foreign operation: financial instruments used
                                         to hedge exposure on net investments in foreign subsidiaries due to the fact that the
                                         local functional currency is different from the functional currency of the Company. The
                                         portion of the gain or loss on the hedging instrument that is determined to be effective,
                                         referring to the exchange rate effect, is recognized directly in equity in accumulated
                                         other comprehensive income as cumulative translation adjustments, while the ineffective
                                         portion and the operating costs are recognized in profit or loss. The gain or loss on
                                         the hedging instrument that has been recognized directly in accumulated other comprehensive
                                         income shall be recognized in income upon disposal of the foreign operation.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;For
further detail on financial instruments of the Company and its subsidiaries, see Note 31.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;d.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Trade
    Receivables&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Trade
receivables are recognized at the amount invoiced. An allowance for doubtful accounts is recorded based on estimated losses and
is set at an amount deemed by management to be sufficient to cover any probable loss on realization of trade receivables (see
Notes 5 and 31 - Customer Credit Risk).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;e.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Inventories&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Inventories
are stated at the lower of acquisition cost or net realizable value (see Note 6). The cost value of inventory is measured using
the weighted average cost and includes the costs of acquisition and processing directly and indirectly related to the units produced
based on the normal capacity of production. Estimates of net realizable value are based on the average selling prices at the end
of the reporting period, net of applicable direct selling expenses. Subsequent events related to the fluctuation of prices and
costs are also considered, if relevant. If net realizable values are below inventory costs, a provision corresponding to this
difference is recognized. Provisions are also made for obsolescence of products, materials, or supplies that (i) do not meet its
subsidiaries&amp;#8217; specifications, (ii) have exceeded their expiration date, or (iii) are considered slow-moving inventory. This
classification is made by management with the support of its industrial and operations teams.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;f.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Investments&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Investments
in associates and joint ventures are accounted for under the equity method of accounting in the consolidated financial statements
(see Note 11).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;An
associate is an investment, in which an investor has significant influence, that is, has the power to participate in the financial
and operating decisions of the investee but does not exercise control.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;A
joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control
is the agreement which establish that decisions about the relevant activities of the investee require the consent from the parties
that share control.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Other
investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;g.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Property,
    Plant, and Equipment&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Property,
plant, and equipment is recognized at acquisition or construction cost, including financial charges incurred on property, plant,
and equipment under construction (see Note 12), as well as maintenance costs resulting from scheduled plant outages and estimated
costs to remove, to decommission, or to restore assets (see Notes 2.m and 19), less accumulated depreciation and, when applicable,
less provision for losses.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Depreciation
is calculated using the straight-line method, over the periods mentioned in Note 12, taking into account the estimated useful
lives of the assets, which are reviewed annually.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Leasehold
improvements are depreciated over the shorter of the lease contract term and useful life of the property.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;h.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Leases&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;Finance
Leases&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Certain
lease contracts transfer substantially all the risks and benefits associated with the ownership of an asset to the subsidiaries.
These contracts are characterized as finance leases, and assets thereunder are capitalized at lease commencement at their fair
value or, if lower, present value of the minimum lease payments under the contracts. The items recognized as assets are depreciated
and amortized using the lower of the straight-line method over the lower of the useful lives applicable to each group of assets
or the contract terms, as mentioned in Notes 12 and 13. Financial charges under the finance lease contracts are allocated to profit
or loss over the lease contract term, based on the amortized cost and the effective interest rate method of the related lease
obligation (see Note 14.i).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;Operating
Leases&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;There
are lease transactions where the risks and benefits associated with the ownership of the asset are not transferred and where there
is no purchase option, or the purchase option at the end of the contract is equivalent to the market value of the leased asset.
Payments made under an operating lease contract are recognized as cost or expense in the income statement on a straight-line basis
over the term of the lease contract (see Note 32.c).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;i.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Intangible
    Assets&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Intangible
assets include assets acquired by the Company and its subsidiaries from third parties, according to the criteria below (see Note
13):&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Goodwill
    is carried net of accumulated amortization as of December 31, 2008, when it ceased to be amortized. Goodwill generated since
    January 1, 2009 is shown as intangible assets corresponding to the positive difference between the amount paid or payable
    to the seller and the fair value of the identified assets and liabilities assumed of the acquired entity. Goodwill is tested
    annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is
    monitored by the Company for impairment testing purposes (see Note 13.i).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Exclusive
    rights disbursements as provided in Ipiranga&amp;#8217;s agreements with reseller service stations and major consumers are recognized
    as distribution rights when paid and amortized according to the conditions established in the agreements (see Note 13.v).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Other
    intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured
    at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note 13, taking into
    account their useful life, which is reviewed annually.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries have not recognized intangible assets that were generated internally. The Company and its subsidiaries
have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life
(see Note 13 items i and vi).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;j.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Other
    Assets&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Other
assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary changes and changes
in exchange rates incurred or less a provision for loss and, if applicable, adjustment to present value (see Note 2.u).&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;k.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Financial
    Liabilities&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries&amp;#8217; financial liabilities include trade payables and other payables, loans, debentures, finance
leases and derivative financial instruments. Financial liabilities are classified as &amp;#8220;financial liabilities at fair value
through profit or loss&amp;#8221; or &amp;#8220;financial liabilities at amortized cost&amp;#8221;. The financial liabilities at fair value
through profit or loss refer to derivative financial instruments, subscription warrants, and financial liabilities designated
as hedged items in a fair value hedge relationship upon initial recognition (see Note 2.c &amp;#8211; Fair Value Hedge). The financial
liabilities at amortized cost are stated at the initial transaction amount plus related charges and net of amortization and transaction
costs. The charges are recognized in profit or loss using the effective interest rate method.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Transaction
costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums
and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized to profit or loss over
its term,&amp;#160;using the effective interest rate method (see Note 14.j).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;l.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Income
    and Social Contribution Taxes on Income&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Current
and deferred income tax (&amp;#8220;IRPJ&amp;#8221;) and social contribution on net income tax (&amp;#8220;CSLL&amp;#8221;) are calculated based
on their current rates,&amp;#160;considering the value of tax incentives. Taxes are recognized based on the rates of IRPJ and CSLL
provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for income tax
and 9% for social contribution on net income tax. For further details about recognition and realization of IRPJ and CSLL, see
Note 9.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;For
purposes of disclosure, deferred tax assets were offset against the deferred tax liability, income tax and social contribution,
in the same taxable entity and the same taxation authority.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;m.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Provision
    for Asset Retirement Obligation &amp;#8211; Fuel Tanks&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries have the legal obligation to remove Ipiranga&amp;#8217;s underground fuel tanks located at Ipiranga-branded
service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability
when the tanks are installed. The estimated cost is recognized in property, plant, and equipment and depreciated over the respective
useful lives of the tanks. The amounts recognized as a liability are monetarily restated using the National Consumer Price Index
(&amp;#8220;IPCA&amp;#8221;) until the respective tank is removed (see Note 19). An increase in the estimated cost of the obligation to
remove the tanks could result in negative impact in future results. The estimated removal cost is reviewed and updated annually
or when there is significant change in its amount and change in the estimated costs are recognized in income statements when they
become known.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;n.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Provisions
    for Tax, Civil, and Labor Risks&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;A
provision for tax, civil and labor risks is recognized for quantifiable risks, when the chance of loss is more-likely-than-not
in the opinion of management and internal and external legal counsel, and the amounts are recognized based on the evaluation of
the outcomes of the legal proceedings (see Note 20).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;o.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Post-Employment
    Benefits&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Post-employment
benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an
independent actuary and reviewed by management, using the projected unit credit method (see Note 18.b). The actuarial gains and
losses are recognized in cumulative other comprehensive income in the &amp;#8220;Valuation adjustments&amp;#8221; and presented in the
statement of shareholders&amp;#8217; equity.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;p.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Other
    Liabilities&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Other
liabilities are stated at known or measurable amounts plus, if applicable, related charges, monetary restatement, and changes
in exchange rates incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect
the term, currency, and risk of each transaction.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;q.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Foreign
    Currency Transactions&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Foreign
currency transactions carried out by the Company or its subsidiaries are remeasured into their functional currency at the exchange
rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries
are translated using the exchange rate at the date of the reporting period. The effect of the difference between those exchange
rates is recognized in profit or loss until the conclusion of each transaction.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 3%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;r.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Basis
    for Translation of Financial Statements of Foreign Subsidiaries&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Assets
and liabilities of the foreign subsidiaries, denominated in currencies other than that of the Company (functional currency: Brazilian
Real), which have administrative autonomy, are translated using the exchange rate at the end of the reporting year. Revenues and
expenses are translated using the average exchange rate of each year and shareholders&amp;#8217; equity is translated at the historical
exchange rate of each transaction affecting shareholders&amp;#8217; equity. Gains and losses resulting from changes in these foreign
investments are directly recognized in shareholders&amp;#8217; equity in cumulative other comprehensive income in the &amp;#8220;cumulative
translation adjustments&amp;#8221; and will be recognized in profit or loss if these investments are disposed of. The balance in cumulative
other comprehensive income and presented in the shareholders&amp;#8217; equity as cumulative translation adjustments in 2017 was a
gain of R$ 53,061 (gain of R$ 7,519 in 2016) - see Note 23.g - Cumulative Translation Adjustments.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
foreign subsidiaries with functional currency different from the Company and which have administrative autonomy are listed below:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 39%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;u&gt;Subsidiary&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 19%; padding-left: 69.3pt; text-indent: -59.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;u&gt;Functional
    currency&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;u&gt;Location&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Oxiteno
    M&amp;#233;xico S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexican
    Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno
    Servicios Corporativos S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexican
    Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno
    Servicios Industriales de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexican
    Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno
    USA LLC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;U.S.
    Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;United
    States&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Oxiteno
    Uruguay S.A. (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;U.S.
    Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Oxiteno
    Andina, C.A. (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Bolivar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(i)
The subsidiary Oxiteno Uruguay S.A. (&amp;#8220;Oxiteno Uruguay&amp;#8221;) determined its functional currency as the U.S. dollar (&amp;#8220;US$&amp;#8221;),
as its inventory sales, purchases of raw material inputs, and financing activities are performed substantially in this currency.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(ii)
According the definition and general guidance of IAS 29, the characteristics of the economic environment of Venezuela indicate
that this country is a hyperinflationary economy. As a result, the financial information of Oxiteno Andina, C.A. (&amp;#8220;Oxiteno
Andina&amp;#8221;) was adjusted by the Venezuelan Consumer Price Index.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;On
May 19, 2017, the Venezuelan Central Bank issued Foreign Exchange Regulation No. 38, altering the Venezuelan foreign exchange
markets and regulating the legally recognized types of exchange rates:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;a)
DIPRO - &lt;i&gt;Tipo de Cambio Protegido&lt;/i&gt; (Exchange Protected): Bolivar (&amp;#8220;VEF&amp;#8221;) is traded at an exchange rate of 9.975
VEF/US$ for purchase and 10.00 VEF/US$ for sale. This rate is applied to importation of essential goods (medicines and food) and
raw materials and inputs related to the production of these sectors, which transactions are channeled through CENCOEX - &lt;i&gt;Centro
Nacional de Comercio Exterior en Venezuela&lt;/i&gt;;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;b)
DICOM - &lt;i&gt;Tipo de Cambio Complementario Flotante de Mercado Supplemental &lt;/i&gt;(Floating Market Exchange): Bolivar was traded at
the variable exchange rate of 3,345.00 VEF/US$ for sale and 3,336.64 VEF/US$ for purchase in the last auction of 2017. This rate
is applied to all unforeseen currency settlement transactions not expressly set forth in the Foreign Exchange Regulation, which
transactions are processed through alternative currency markets.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Due
to the political and economic situation in Venezuela, the Company&amp;#8217;s management uses the DICOM exchange rate in the translation.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Assets
and liabilities of the other foreign subsidiaries, which do not have administrative autonomy, are considered an extension of the
activities of their parent company and are translated using the exchange rate at the end of the reporting period. Gains and losses
resulting from changes in these foreign investments are directly recognized as financial income or loss. The gain recognized in
income in 2017 amounted to R$ 7,368 (R$ 3,425 gain in 2016 and R$ 6,243 gain in 2015).&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;s.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Use
    of Estimates, Assumptions and Judgments&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting of certain
assets, liabilities, and income. Therefore, the Company&amp;#8217;s and subsidiaries&amp;#8217; management use the best information available
at the time of preparation of the financial statements, as well as the experience of past and current events, also considering
assumptions regarding future events. The financial statements therefore include estimates, assumptions, and judgments related
mainly to determining the fair value of financial instruments (Notes 2.c, 2.k, 4, 14 and 31), the determination of the allowance
for doubtful accounts (Notes 2.d, 5 and 31), the determination of provisions for losses of inventories (Notes 2.e and 6), the
determination of deferred income taxes amounts (Notes 2.l and 9), the determination of control in subsidiaries (Notes 2.r and
3), the determination of joint control in joint venture (Notes 2.f and 11.a), the determination of significant influence in associates
(Notes 2.f and 11.b), the determination of exchange rate used to translation of Oxiteno Andina&amp;#8217; information (Note 2.r),
the useful lives of property, plant, and equipment (Notes 2.g and 12), the useful lives of intangible assets, and the determination
of the recoverable amount of goodwill (Notes 2.i and 13), provisions for assets retirement obligations (Notes 2.m and 19), provisions
for tax, civil, and labor risks (Notes 2.n and 20), estimates for the preparation of actuarial reports (Notes 2.o and 18.b) and
the determination of fair value of subscription warrants &amp;#8211; indemnification (Notes 22 and 31). The actual result of the transactions
and information may differ from their estimates.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;t.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Impairment
    of Assets&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries review, every report period, the existence of any indication that an asset may be impaired and annually
test intangible assets with indefinite useful life. If there is an indication, the Company and its subsidiaries estimate the recoverable
amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash
flow from continuous use and that are largely independent of cash flows of other assets (cash generating units &amp;#8220;CGU&amp;#8221;).
The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs
and their value in use.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
fair value less costs of disposal is determined by the price that would be received to sell an asset in an orderly transaction
between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring
an asset into condition for its sale, legal costs, and taxes.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;To
assess the value in use, the Company and its subsidiaries consider the projections of future cash flows, trends, and outlooks,
as well as the effects of obsolescence, demand, competition, and other economic factors. Such cash flows are discounted to their
present values &amp;#8203;&amp;#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing
and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less
than their carrying amount, an impairment loss is recognized for the amount by which the carrying value exceeds the fair value
of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU,
the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses,
the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment
losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortization, if the impairment had not been recognized.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;No
impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015. For the year ended
December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond to R$ 1,695 related
to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina. There is a space missing
(ended December): No impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015.
For the year ended December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond
to R$ 1,695 related to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;u.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Adjustment
    to Present Value&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries reviewed all items classified as non-current and, when relevant, current assets and liabilities.
No recognition of present value adjustments that would have relevant effects were identified.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;v.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Business
    Combination&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;A
business combination is accounted applying the acquisition method. The cost of the acquisition is measured based on the consideration
transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired
and liabilities assumed are measured in order to classify and allocate them accordingly to the contractual terms, economic circumstances
and relevant conditions on the acquisition date. The non-controlling interest in the acquired is measured based on its interest
in identifiable net assets acquired. Goodwill is measured as the excess of the consideration transferred and to be transferred
over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition,
goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to
the Company&amp;#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired,
a gain is recognized directly in the income statement. Costs related to the acquisition are recorded in the income statement when
incurred.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;x.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Statements
    of Cash Flows Indirect Method&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries prepared its consolidated statements of cash flows in accordance with IAS 7 - Cash Flow Statement.
The Company and its subsidiaries present the interest paid on loans and debentures in financing activities. The Company and its
subsidiaries present financial investments on a net basis of interest income in the investment activities.&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 3%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;y.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Adoption
    of the Pronouncements Issued by the IASB&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
following standards, amendments, and interpretations to IFRS were issued by the IASB which are effective as of December 31, 2017:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
                                    IAS 7 &amp;#8211; Disclosure Initiative &amp;#8211; Amendments to IAS 7: clarifications made by the
                                    IASB related to liabilities arising from financing activities (see Note 14.a).&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
                                    IAS 12 &amp;#8211; Recognition of Deferred Tax Assets for Unrealised Losses &amp;#8211; Amendments
                                    to IAS 12: clarifications made by the IASB on the recognition of deferred tax assets on unrealised
                                    losses.&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
following standards, amendments, and interpretations to IFRS were issued by the IASB but are not yet effective and were not adopted
as of December 31, 2017:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
                                    IFRS 9 &amp;#8211; Financial instrument classification and measurement: includes new requirements
                                    for the classification and measurement of financial assets and liabilities, derecognition
                                    requirements, new impairment methodology for financial instruments, and new hedge accounting
                                    guidance.&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
                                    IFRS 15 - Revenue from contracts with customers: establish the principles of nature, amount,
                                    timing and uncertainty of revenue and cash flow arising from a contract with a customer.&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2018&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
    IFRS 16 - Lease: requires lessees record, in the financial statements, a liability reflecting future payments of a lease and
    the right to use an asset for the lease contracts, except for certain short-term leases and low asset value contracts. The
    criteria for recognition and measurement of leases in the financial statements of lessors are substantially maintained.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2019&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries did not adopt in advance these IFRS in their financial statements for the year ended December 31,
2017.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries disclosed the relevant information, known or reasonably estimated to the possible impacts on the
adoption of IFRS 9 and 15 that were available in the preparation of these financial statements, and are subject to change until
the first complete financial statements with the initial adoption are disclosed in 2018.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(1)
IFRS 9 adoption - Financial instruments:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;a)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Classification
                                         and measurement of financial instruments:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries evaluated the classification and measurement of financial instruments and, based on its business
model, preliminarily concluded that the most part of the financial investments will be classified as measured at fair value through
other comprehensive income, except for funds that will be classified as measured at fair value through profit or loss and financial
investments given as collateral for loans that will be classified as amortized cost.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries do not expect material impacts resulting from these changes.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;b)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Expected
                                         credit losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries assessed the expected credit losses on trade receivables, taking into account, at the initial recognition
of the contract, the expected losses for the next 12 months and for the useful life of the contract when the deterioration or
improvement of customers' credit quality.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries evaluated the impact of this change and the previously amount indicates an additional allowance for
doubtful accounts in the amount of R$ 173,314, which effect of R$ 121,563 recognized in the opening balance in the retained earnings.
The deferred IRPJ and CSLL effect will be recognized on the amounts above.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;c)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Derivative
                                         financial instruments&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries have not identified impacts arising from this change and are evaluating the adoption of IFRS 9 or
the permanence of the application of IAS 39.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries are evaluating the practical implementation from the initial adoption of IFRS 9 to conclude whether
the retrospective or prospective adoption will be made.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(2)
IFRS 15 adoption - Revenue recognition from contracts with customers:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries evaluated all the stages for the recognition of their revenues from contracts with customers and
based on their diagnosis did not identify material measurement impacts resulting from the adoption of this standard.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;In
relation to the presentation in the income statement, the Company and its subsidiaries evaluated that certain expenses that are
currently been allocated as selling and marketing expenses, after the adoption of IFRS15, will be presented as a reduction of
revenue, substantially the amortization expenses of exclusive contracts to operate Ipiranga service stations. In 2017 the amortization
recognized as selling and marketing expenses was R$ 463,049.&lt;/font&gt;&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries are evaluating the practical implementation of the initial adoption of IFRS 15 to conclude whether
the retrospective or prospective adoption will be made.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
table below summarizes the estimate impacts of the IFRS 9 and 15 adoption:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;As
    of December 31, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Balance
    sheet&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;As
    disclosed&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;IFRS
                                         9 (1)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;adoption&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;IFRS
    15 (2) adoption&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;After
    adoption IFRS 9 and 15&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Current
    assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;15,201,291&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;15,027,977&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Non-current
    assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Total
    assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&amp;#160;&amp;#160;Current
    liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&amp;#160;&amp;#160;Non-current
    liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;11,605,502&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(58,927)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;11,546,575&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Shareholder&amp;#8217;s
    equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;9,720,832&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(114,387)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;9,606,445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Total
    liabilities and shareholders' equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Income
    statements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Net
    revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(463,049)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;79,544,373&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Cost
    of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Selling
    and marketing expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(2,885,311)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(51,751)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;463,049&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(2,474,013)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;General
    and administrative expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Financial
    result, net&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Income
    tax and social contribution&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(839,429)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;17,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(821,834)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Net
    income for the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;1,573,868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(34,156)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;1,539,712&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Earnings
    per share - basic&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2.9056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(0.0630)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2.8426&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;Earnings
    per share - diluted&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2.8847&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;(0.0626)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;2.8221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;In
relation to leases - IFRS 16, the Company and its subsidiaries are quantifying the potential effects of this pronouncement, and
it is expected to have a relevant impact on the recognition of the right of use and debt related to lease contracts of the land
and building of service stations, drugstores and stores given the number of lease agreements&amp;#160;the Company has in place. The
Company is evaluating the&amp;#160;transition options that it will apply upon the adoption of the new standard. See Note 32.c for
additional information regarding Company&amp;#180;s lease agreements.&lt;/font&gt;&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;z.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&lt;b&gt;&lt;i&gt;Authorization
    for Issuance of the Financial Statements&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;These
financial statements were authorized for issue by the Board of Officers on April 06, 2018.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory>
    <UGP:DisclosureOfPrinciplesOfConsolidationExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;a)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Principles
                                         of Consolidation&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
consolidated financial statements were prepared following the basic principles of consolidation established by IFRS 10. Investments
of one company in another, balances of asset and liability accounts, revenues transactions, costs and expenses were eliminated,
as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented
within consolidated shareholders&amp;#8217; equity and net income.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Consolidation
of a subsidiary begins when the parent company obtains direct or indirect control over a company and ceases when the parent company
loses control of a company. Income and expenses of a subsidiary acquired are included in the consolidated income statement and
other comprehensive income from the date the parent company gains the control. Income and expenses of a subsidiary, in which the
parent company loses control, are included in the consolidated income statement and other comprehensive income until the date
the parent company loses control.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;When
necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with
the Company&amp;#8217;s accounting policies.&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;b)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Investments
                                         in Subsidiaries&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
consolidated financial statements include the following direct and indirect subsidiaries:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="7" style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;%
    interest in the share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="border-top: Black 1pt solid; border-bottom: black 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="width: 48%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Location&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Segment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Direct
    control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Indirect
    control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Direct
    control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Indirect
    control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga
    Produtos de Petr&amp;#243;leo S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;am/pm
    Comest&amp;#237;veis Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Centro
    de Conveni&amp;#234;ncias Millennium Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;Icorban
    - Correspondente Banc&amp;#225;rio Ltda. &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga
    Trading Limited&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Virgin
    Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Tropical
    Transportes Ipiranga Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga
    Imobili&amp;#225;ria Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga
    Log&amp;#237;stica Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oil
    Trading Importadora e Exportadora Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Chevron
    Brasil Lubrificantes S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;56&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga
    Lubrificantes S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Integra
    Frotas Ltda. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Companhia
    Ultragaz S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz
    Comercial Ltda. &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Bahiana
    Distribuidora de G&amp;#225;s Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Uting&amp;#225;s
    Armazenadora S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;57&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;57&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
    International Inc.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: -3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cayman
    Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imaven
    Im&amp;#243;veis Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imifarma
    Produtos Farmac&amp;#234;uticos e Cosm&amp;#233;ticos S.A. &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Nordeste S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Argentina Sociedad de Responsabilidad Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Argentina&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oleoqu&amp;#237;mica
    Ind&amp;#250;stria e Com&amp;#233;rcio de Produtos Qu&amp;#237;micos Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Uruguay S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Barrington
    S.L. &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Spain&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    M&amp;#233;xico S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Servicios Corporativos S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Servicios Industriales S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    USA LLC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;United
    States&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Global
    Petroleum Products Trading Corp.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Virgin
    Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Overseas Corp.&lt;sup&gt;(4)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Virgin
    Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Andina, C.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Europe SPRL&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Belgium&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Colombia S.A.S&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Colombia&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno
    Shanghai LTD.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;China&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Empresa
    Carioca de Produtos Qu&amp;#237;micos S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultracargo
    - Opera&amp;#231;&amp;#245;es Log&amp;#237;sticas e Participa&amp;#231;&amp;#245;es Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Terminal
    Qu&amp;#237;mico de Aratu S.A. &amp;#8211; Tequimar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultrapar
    International S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Luxembourg&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SERMA
    - Ass. dos usu&amp;#225;rios equip. proc. de dados&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
percentages in the table above are rounded.&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
                                         main objective of Integra Frotas Ltda. is the management of fleets and fuel supplies.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Ultragaz
                                         Comercial Ltda. may concentrate some activities currently executed by its quotaholders.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         November 2017, in order to simplify the corporate structure, Barrington S.L. was liquidated.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(4)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         April 2017, in order to simplify the corporate structure, the Oxiteno Overseas Corp.
                                         was merged into Global Petroleum Products Trading Corporation (&amp;#8220;GPPTC&amp;#8221;).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;c)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Conclusion
                                         of the business combination with Chevron Brasil Lubrificantes S.A.&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On August 4, 2016, the Company through its subsidiary
Ipiranga Produtos de Petr&amp;#243;leo S.A. (&amp;#8220;IPP&amp;#8221;) entered into an agreement with Chevron Brasil Lubrificantes Ltda. (&amp;#8220;Chevron&amp;#8221;)
to create a new company in the lubricants market. Under this agreement, the company will be formed by Ipiranga&amp;#8217;s and Chevron&amp;#8217;s
lubricants operations in Brazil. Ipiranga and Chevron will hold 56% and 44%, respectively, of the new company&amp;#8217;s capital.
On February 9, 2017, this transaction was approved without restrictions through an opinion issued by the General Superintendence
(&amp;#8220;SG&amp;#8221;) of the Brazilian Antitrust Authority (&amp;#8220;CADE&amp;#8221;). The decision of the SG was published in the Brazilian
Federal Official Gazette on February 10, 2017. On March 2, 2017, CADE issued a certificate approving the decision published on
February 10, 2017. On August 1, 2017, IPP segregated the lubricants business to the subsidiary Ipiranga Lubrificantes S.A. (&amp;#8220;IpiLubs&amp;#8221;)
and the operating contracts were signed. On December 1, 2017, the transaction was concluded, through the contribution of IpiLubs
to Chevron Brasil Lubrificantes S.A. (&amp;#8220;CBLSA&amp;#8221;) and consequently IPP obtains direct control of CBLSA.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company is in the process of measuring the
fair value of assets and liabilities acquired, and, consequently, the resulting goodwill. The purchase price allocation is preliminary
as the Company is in the process of obtaining additional information regarding certain intangible assets and therefore the provisional
amounts of these assets may increase which will lead to a decrease in goodwill. The Company, supported by a third party company
specialized in valuations, estimated the preliminary amount for the purchase price allocation and calculated the temporary goodwill
in the amount of R$ 123,673. The preliminary goodwill is based on the synergy between the lubricant operations of CBLSA and IpiLubs.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below summarizes the preliminary assets
acquired and liabilities assumed as of the acquisition date, subject to the customary final adjustments of purchase price allocation
and calculation of goodwill:&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="width: 41%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Current
    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 34%; padding-right: 28.35pt; padding-left: 1.65pt; text-indent: -1.65pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Current
    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cash
    and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;73,316&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Trade
    payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;33,453&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Trade
    receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;157,016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Salaries
    and related charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;18,251&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Inventories&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;112,998&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Taxes
    payable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;20,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Recoverable
    taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other
    payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,743&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other
    receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,497&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;364,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100,536&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Non-current
    assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Non-current
    liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Related
    parties&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,077&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-left: 8.75pt; text-indent: -8.75pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision
    for tax, civil, and labor risks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;202,352&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Indemnity
    asset&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;202,352&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Deferred
    income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,300&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Escrow
    deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,095&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Post-employment
    benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other
    receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,257&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Property,
    plant, and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;172,526&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Intangible
    assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,944&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;401,251&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;250,130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    assets acquired&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;765,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    liabilities assumed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;350,666&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Preliminary
    goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Participation
    of non-controlling interests&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;182,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0.1in; padding-left: 17.55pt; text-indent: -7.05pt; text-align: justify; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-indent: 10.45pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    assets acquired and preliminary goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;889,346&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Preliminary
    consideration transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;356,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td colspan="2" style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
    calculation of the provisional goodwill is shown below:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="width: 85%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 15%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Temporary
    consideration transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;356,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    assets acquired&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;765,673&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(-)
    Total liabilities assumed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(350,666)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(-)
    Non-controlling interest&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(182,603)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Temporary
    goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;123,673&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;For
further details of property, plant, and equipment and intangible assets acquired, see Notes 12 and 13, respectively, and of provision
for tax, civil, and labor risks, see Note 20.c.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
following summary presents the Company&amp;#8217;s &lt;i&gt;pro forma&lt;/i&gt; information for 2017, as if the acquisition had been completed
at the beginning of this year. The &lt;i&gt;pro forma&lt;/i&gt; information is only presented for comparative purposes and does not purport
to be indicative of what would have occurred had the acquisition actually been made at such date, nor is it necessarily indicative
of future operating results:&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;u&gt;2017
    &lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net
    revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80,785,084&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Operating
    income &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,834,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net
    income for the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,555,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Earnings
    per share basic - whole R$ (see Note 29)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2.8709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Earnings
    per share diluted - whole R$ (see Note 29)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2.8503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif"&gt;
&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&lt;td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;d)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Unrealized
                                         Acquisition&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 8pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; background-color: white"&gt;On
June 12, 2016, the Company through its subsidiary IPP entered into a sale and purchase agreement for the acquisition of 100% of
Alesat Combust&amp;#237;veis S.A. (&amp;#8220;ALE&amp;#8221;) and the assets comprising its operations. The total transaction amount was R$
2,168 million, which would be reduced by ALE&amp;#8217;s net debt as of December 31, 2015 and is subject to working capital and net
debt adjustments on the closing date of the transaction. On August 3, 2016, the Extraordinary General Shareholders&amp;#8217; Meeting
(&amp;#8220;EGM&amp;#8221;) of Ultrapar approved the transaction. The closing of the acquisition was subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On August 2, 2017, the Court of Appeals of CADE voted
the transaction and despite all the efforts endeavored by the applicants throughout the analysis of the Concentration Act and
the negotiations conducted with the Court of Appeals, the Court blocked the transaction. The contract is automatically resolved
without any penalty from either party. &lt;/font&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 8pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; background-color: white"&gt;On
November 17, 2016, the Company through its subsidiary Companhia Ultragaz S.A. (&amp;#8220;Cia. Ultragaz&amp;#8221;), entered into a sale
and purchase agreement for the acquisition of 100% of the capital stock of Liquig&amp;#225;s Distribuidora S.A (&amp;#8220;Liquig&amp;#225;s&amp;#8221;).
The total transaction amount is R$ 2,665 million and will be adjusted by the Interbank Certificate of Deposit (&amp;#8220;CDI&amp;#8221;),
between the execution date and transaction closing date. The amount will still be subject to adjustments related to the variations
in Liquig&amp;#225;s&amp;#8217; working capital and net debt between December 31, 2015 and the closing date of the transaction. On January
23, 2017, the EGM of Ultrapar approved the transaction. The closing of the acquisition were subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On February 28, 2018, the Court of Appeals of CADE voted
the transaction and despite all the efforts endeavored by the applicants throughout the analysis of the process and the negotiations
conducted with the Court of Appeals, decided to reject the transaction with the majority of votes. Due to non-compliance of one
of the precedent conditions to the consummation of the transaction, Cia. Ultragaz paid a fine of R$ 286,160 in favor of Petr&amp;#243;leo
Brasileiro S.A. &amp;#8211; Petrobras (&amp;#8220;Petrobras&amp;#8221;) on March 9, 2018.&lt;/font&gt;&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;</UGP:DisclosureOfPrinciplesOfConsolidationExplanatory>
    <ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Cash equivalents and financial investments,
excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of first-rate
financial institutions linked to the CDI, in repurchase agreement and in short term investments funds, whose portfolio comprised
exclusively of Brazilian Federal Government bonds; (ii) outside Brazil, in certificates of deposit of first-rate financial institutions
and in short term investments funds, whose portfolio comprised of Federal Government bonds; and (iii) in currency and interest
rate hedging instruments.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The financial assets were classified in Note
31, according to their characteristics and intention of the Company and its subsidiaries.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The balance of cash, cash equivalents and financial
investments amounted to R$ 6,369,928 in 2017 (R$ 5,701,849 as of December 31, 2016) and are distributed as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 7%; padding-left: 0.5in; font: 10pt Times New Roman, Times, Serif; text-indent: -0.25in"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;font style="font: 7pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-size: 8pt"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 93%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cash and Cash Equivalents&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Cash and cash equivalents are considered: (i)
cash and bank deposits, and (ii) highly-liquid short-term investments that are readily convertible into a known amount of cash
and are subject to an insignificant risk of change in value.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 71%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and bank deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73,128&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,798&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments considered cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 16pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 16pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,002,004&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,274,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 8%; padding-left: 0.5in; text-indent: -0.25in"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;font style="font: 7pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#183;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 92%; padding-left: 0.25in"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Financial Investments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The financial investments of the Company and its subsidiaries, which
are not classified as cash and cash equivalents, are distributed as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 64%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.55pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,153,040&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,174,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 14.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments (a)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,367,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,427,691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,283,498&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,412,587&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;84,426&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,104&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;(a) Accumulated gains, net of income tax (see Note 31).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory>
    <ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The composition of trade receivables and reseller financing is as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 78%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Domestic customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,057,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,315,783&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reseller financing &amp;#8211; Ipiranga (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;675,236&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;229,701&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;180,679&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(-) Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(295,580)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(233,332)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,667,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,729,407&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,337,118&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,502,322&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329,991&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;227,085&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(i) Reseller financing is provided for renovation
and upgrading of service stations, purchase of products, and development of the automotive fuels and lubricants distribution market.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The breakdown of trade receivables, gross of allowance for doubtful
accounts, is as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Past due&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 29%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Current&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;less than 30 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;31-60 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;61-90 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;91-180 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;more than 180 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,962,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,102,549&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,939&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,491&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,197&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;87,812&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;476,701&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,962,739&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,326,934&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;167,790&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,152&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,738&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;60,150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;339,975&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Movements in the allowance for doubtful accounts are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;178,444&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,380&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,008)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance on
    12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,816&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: transparent"&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: transparent; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,402&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,886)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: transparent"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on
    12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: transparent; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;233,332&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance CBL S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,733&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,427&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,912)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance
    on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,580&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 87%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;For further information about allowance for doubtful accounts see
Note 31 &amp;#8211; Customer credit risk.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory>
    <ifrs-full:DisclosureOfInventoriesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;The composition of inventories is as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 42%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provision &lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;&lt;b&gt;for losses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provision &lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;&lt;b&gt;for losses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fuels, lubricants and greases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,622,054&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,074)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,618,980&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,317,042&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,851)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,314,191&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finished goods&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;485,407&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(18,495)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;425,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,801)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;405,534&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Work in process&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,637&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,637&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,011&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Raw materials&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;492,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,835)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490,194&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;246,974&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,147)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;245,827&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liquefied petroleum gas (LPG)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;102,031&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;96,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,705&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Consumable materials and&amp;#160;other items for resale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;160,024&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,380)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;154,644&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;138,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,619)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;130,991&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Pharmaceutical, hygiene, and beauty products&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;415,956&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,447)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;413,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;352,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,985)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;342,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Purchase for future delivery &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,808&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,808&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;228,871&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;228,871&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Properties for resale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,032&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(107)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,925&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,982&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(107)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,875&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,528,978&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(37,099)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,491,879&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,808,478&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(47,271)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,761,207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;sup&gt;(1) &lt;/sup&gt;Refers to ethanol, biodiesel and advance of fuels.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Movements in the provision for losses are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,325&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,003&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Reversals of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,336)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,992&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,393&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;886&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,271&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversals to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,713)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversals of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,459)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,099&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 85%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The breakdown of provisions for losses related to inventories is
shown in the table below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,817&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,282&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,741&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,271&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfInventoriesExplanatory>
    <UGP:DisclosureOfRecoverableTaxesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Recoverable taxes are substantially represented
by credits of Tax on Goods and Services (&amp;#8220;ICMS&amp;#8221;, the Brazilian VAT), Contribution for Social Security Financing (COFINS),
Social Integration Program (PIS), Income Tax (IRPJ), and Social Contribution (CSLL).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 66%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;580,630&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;459,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for ICMS losses &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,076)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(68,683)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;348,333&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,552&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IRPJ and CSLL &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;195,276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Value-Added Tax (IVA) of subsidiaries Oxiteno Mexico, Oxiteno Andina, Oxiteno Uruguay and Ultrapar International&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,180&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,121&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,587&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,868&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,194,826&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;724,389&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;881,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,772&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;313,242&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1)&lt;/sup&gt; The provision for ICMS losses
relates to tax credits that the subsidiaries believe will not be utilized or offset in the future based on its estimates, and its
movements are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,657&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs, additions and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,766)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,891&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions, write-offs and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,683&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions, write-offs and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,076&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 87%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;</UGP:DisclosureOfRecoverableTaxesExplanatory>
    <ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 17%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 83%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Related Parties&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Balances and transactions between the Company and its subsidiaries
have been eliminated in consolidation and are not disclosed in this note. The balances and transactions between the Company and
its subsidiaries with other related parties are disclosed below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Loans&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Receivables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Payables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,489&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,946&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,199&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,239&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,185&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Loans&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 55%; padding-right: 3.5pt; padding-left: 0.05in"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Receivables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Payables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,534&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,946&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,259&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,820&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,186&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,259&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,540&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 9pt"&gt;&lt;/td&gt;&lt;td style="width: 18pt"&gt;&lt;font style="font-size: 7pt"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font-size: 8pt"&gt;Included in &amp;#8220;trade receivables&amp;#8221; and &amp;#8220;trade payables,&amp;#8221; respectively.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,004,030&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,239&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;859&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,245&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,022,997&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 1.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 75%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;958,007&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,329&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-bottom: 3.3pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;977,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;615,014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,205&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,211&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;627,367&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Purchase and sale transactions relate substantially
to the purchase of raw materials, feedstock, transportation, and storage services based on similar market prices and terms with
customers and suppliers with comparable operational performance. The above operations related to ConectCar Solu&amp;#231;&amp;#245;es de
Mobilidade Eletr&amp;#244;nica S.A. (&amp;#8220;ConectCar&amp;#8221;) refer to services provided. Borrowing agreements are for an indeterminate
period and do not contain interest clauses. In the opinion of the Company and its subsidiaries&amp;#8217; management, transactions
with related parties are not subject to credit risk, which is why no allowance for doubtful accounts or collateral is provided.
Collateral provided by the Company in loans of subsidiaries and affiliates are mentioned in Note 14.k). Intercompany loans are
contracted in light of temporary cash surpluses or deficits of the Company, its subsidiaries, and its associates.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Key executives &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company&amp;#8217;s compensation strategy combines
short and long-term elements, following the principles of alignment of interests and of maintaining a competitive compensation,
and is aimed at retaining key officers and remunerating them adequately according to their attributed responsibilities and the
value created to the Company and its shareholders.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Short-term compensation is comprised of: (a)
fixed monthly compensation paid with the objective of rewarding the executive&amp;#8217;s experience, responsibility, and his/her position&amp;#8217;s
complexity, and includes salary and benefits such as medical coverage, check-up, life insurance, and others; (b) variable compensation
paid annually with the objective of aligning the executive&amp;#8217;s and the Company&amp;#8217;s objectives, which is linked to: (i)
the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that
are based on the strategic plan and are focused on expansion and operational excellence projects, people development and market
positioning, among others. In addition, the chief executive officer in office until October 2, 2017 was entitled to additional
long term variable compensation, which was terminated with the succession of the chief executive officer announced by the Company
in June, 2017. Further details about the Deferred Stock Plan are contained in Note 8.c) and about post-employment benefits in Note
18.b).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries recognized
expenses for compensation of its key executives (Company&amp;#8217;s directors and executive officers) as shown below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Short-term compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,477&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Stock compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,399&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,427&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,126&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,096&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,336&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,936&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Termination benefit&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,794&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Long-term compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,459)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,302&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,307&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;51,542&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,123&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;c.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Deferred Stock Plan &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On April 27, 2001, the Ordinary and Extraordinary
General Shareholders&amp;#8217; Meeting (&amp;#8220;OEGM&amp;#8221;) approved a benefit plan to members of management and employees in executive
positions in the Company and its subsidiaries. On November 26, 2003, the EGM approved certain amendments to the original plan of
2001 (the &amp;#8220;Deferred Stock Plan&amp;#8221;). In the Deferred Stock Plan, certain members of management of the Company and its
subsidiaries have the usufruct of voting and economic rights of shares and the ownership of these shares is retained by the subsidiaries
of the Company. The Deferred Stock Plan provides for the transfer of the ownership of the shares to those eligible members of management
after five to seven years from the initial concession of the rights subject to uninterrupted employment of the participant during
the period. The total number of shares to be used for the Deferred Stock Plan is subject to the availability in treasury of such
shares. It is incumbent on Ultrapar&amp;#8217;s executive officers to select the members of management eligible for the plan and propose
the number of shares in each case for approval by the Board of Directors. The fair value of the awards were determined on the grant
date based on the market value of the shares on the B3 S.A. &amp;#8211; Brasil, Bolsa, Balc&amp;#227;o (&amp;#8220;B3&amp;#8221;), the Brazilian
Securities, Commodities and Futures Exchange and the amounts are amortized between five to seven years from the grant date.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The table below summarizes shares granted to the Company and its
subsidiaries&amp;#8217; management:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 25%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Grant date&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance of number of shares granted&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Vesting period &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Market price of shares on the grant date (in R$ per share)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total grant&amp;#160;&amp;#160;costs, including taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated recognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated unrecognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 13, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,000&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2022 to 2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67.99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,378&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,327)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,051&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 4, 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,000&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2021 to 2023&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65.43&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,147&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,339)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,808&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;December 9, 2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;570,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2019 to 2021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50.64&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,814&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,849)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 5, 2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,400&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2019 to 2021&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52.15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,999&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,906)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,093&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;November 7, 2012&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;199,998&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2017 to 2019&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42.90&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,937)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,372&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;December 14, 2011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2016 to 2018&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31.85&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,042)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;230&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;November 10, 2010&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2015 to 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26.78&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,602&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,602)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,183,398&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(62,002)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,519&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In 2017, the amortization in the amount of R$
11,752 (R$ 18,372 in 2016 and R$ 16,935 in 2015) was recognized as a general and administrative expense.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below summarizes the changes of number
of shares granted:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; width: 83%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,727,264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares granted on March 4, 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares vested and transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(417,192)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,500,072&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares granted on March 4, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Forfeiture of granted shares due to termination of executive employment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143,333)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares vested and transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(273,341)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,183,398&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In addition, on April 19, 2017, Ultrapar&amp;#8217;s
Shareholders approved a new incentive plan based on shares (&amp;#34;Plan&amp;#34;), which establishes the general terms and conditions
for the concession of common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct
of part of these shares for later transfer of the ownership of the shares, to directors or employees of the Company or its subsidiaries
under its direct or indirect control.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Management may be appointed to participate in
this new plan (statutory or designated, except members of the Board of Directors of the Company) or employees in executive positions
of the Company or its subsidiaries under its direct or indirect control (&amp;#8220;Participants&amp;#8221;), subject to the provisions
of each program. The Board of Directors or the Personnel and Organization Committee, appointed to advise them on the administration
of the Plan (&amp;#8220;Committee&amp;#8221;), as the case may be, shall indicate, through the incentive programs in shares (&amp;#8220;Program&amp;#8221;),
the Participants that will have the usufruct on the shares issued by the Company and the concession of shares issued by the Company.
As a result of the Plan, common shares representing at most 1% of the Company's share capital may be delivered to the Participants,
which corresponds, at the date of approval of this Plan, to 5,564,051 common shares.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Board of Directors approved the 1&lt;sup&gt;st&lt;/sup&gt;
Restricted stock program and the 1&lt;sup&gt;st&lt;/sup&gt; Restricted stock and performance program, as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Program&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Grant date&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance of number of shares granted&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Vesting period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Market price of shares on the grant date (in R$ per share)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total grant costs, including taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated recognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; text-indent: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated unrecognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Restricted&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;October 1, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2023&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,642&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(527)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Restricted and Performance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;November 8, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2020 to 2022&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,901&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(257)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,644&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;166,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,543&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(784)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In 2017, a general and administrative expense
in the amount of R$ 784 was recognized in relation to the Plan.&lt;/p&gt;</ifrs-full:DisclosureOfRelatedPartyExplanatory>
    <ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Deferred Income and Social Contribution Taxes&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries recognize deferred
tax assets and liabilities which are not subject to the statute of limitations, resulting from tax loss carryforwards, temporary
differences, negative tax bases and revaluation of property, plant, and equipment, among others. Deferred tax assets are sustained
by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 70%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Assets - Deferred income and social contribution taxes on:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for impairment of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,592&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,254&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provisions for tax, civil, and labor risks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,096&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for post-employment benefits &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,199&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,185&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for differences between cash and accrual basis&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,755&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,452&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,234&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,823&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Business combination &amp;#8211; fiscal basis vs. accounting basis of goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,064&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for asset retirement obligation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,111&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,419&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other provisions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;146,002&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax losses and negative basis for social contribution carryforwards (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;201,471&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,682&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;771,103&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;606,438&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Offset the liabilities balance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(225,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189,094)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Net balance of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;417,344&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liabilities - Deferred income and social contribution taxes on:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Revaluation of property, plant, and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,640&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Lease&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,361&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for differences between cash and accrual basis&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,440&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for goodwill/negative goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;131,811&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Business combination &amp;#8211; fair value of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,414&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Temporary differences of foreign subsidiaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other provisions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;35,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,549&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;264,016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,739&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Offset the assets balance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(225,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189,094)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Net balance of liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,645&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Changes in the net balance of deferred IRPJ and CSLL are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Initial balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;409,699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,989&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;309,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in income of the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,505&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in other comprehensive income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,389&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,938&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in business combination&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(610)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,580&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,733)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;326&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Final balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;507,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;409,699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The estimated recovery of deferred tax assets relating to IRPJ and
CSLL is stated as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 84%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Up to 1 Year &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 1 to 2 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,790&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 2 to 3 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;139,314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 3 to 5 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 5 to 7 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;194,627&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 7 to 10 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,765&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total of deferred tax assets relating to IRPJ and CSLL&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;771,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The technical study on Extrafarma's projection
of taxable profits for the realization of deferred tax assets was reviewed by the Fiscal Council on February 20, 2018 and approved
by the Company's Board of Directors on February 21, 2018, taking into account implementation of the actions proposed by the subsidiary's
management, among them, the operational restructuring and the expansion of stores.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Reconciliation of Income and Social Contribution Taxes&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;IRPJ and CSLL are reconciled to the statutory tax rates as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 56%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income (loss) before taxes and share of profit (loss) of joint ventures, and associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,392,624&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;2,263,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,258,192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Statutory tax rates - %&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;34&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes at the statutory tax rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(813,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(769,466)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(767,785)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Adjustments to the statutory income and social contribution taxes:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Nondeductible expenses (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(105,017)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(57,961)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(70,540)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Nontaxable revenues (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,084&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;7,561&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,753&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Adjustment to estimated income (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,844&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;14,218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,926&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on equity (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(364)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Other adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;1,104&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;7,108&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;4,874&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes before tax incentives&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(888,027)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(798,904)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(816,772)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax incentives - SUDENE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,598&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;98,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,436&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes in the income statement&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(839,429)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(699,992)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(734,336)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(922,458)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(800,497)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(719,523)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;100,505&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Effective IRPJ and CSLL rates - %&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;35.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;30.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 0.5in"&gt;(i)&lt;/td&gt;&lt;td style="text-align: justify"&gt;Nondeductible expenses consist of certain expenses that cannot be deducted for tax purposes under
applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative effects of foreign subsidiaries
and certain provisions;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 0.5in"&gt;(ii)&lt;/td&gt;&lt;td style="text-align: justify"&gt;Nontaxable revenues consist of certain gains and income that are not taxable under applicable tax
legislation, such as the reimbursement of taxes and the reversal of certain provisions;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 0.5in"&gt;(iii)&lt;/td&gt;&lt;td style="text-align: justify"&gt;Brazilian tax law allows for an alternative method of taxation for companies that generated gross
revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form
of taxation, whereby income and social contribution taxes are calculated on a basis equal to 32% of operating revenues, as opposed
to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents
the difference between the taxation under this alternative method and the income and social contribution taxes that would have
been paid based on the effective statutory rate applied to the taxable income of these subsidiaries; and&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 0.5in"&gt;(iv)&lt;/td&gt;&lt;td style="text-align: justify"&gt;Interest on equity is an option foreseen in Brazilian corporate law to distribute profits to shareholders,
calculated based on the long-term interest rate (&amp;#8220;TJLP&amp;#8221;), which does not affect the income statement, but is deductible
for purposes of IRPJ and CSLL, being taxable to the beneficiary and deductible to the entity that pays.&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;c.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Tax Incentives - SUDENE&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The following subsidiaries are entitled to federal
tax benefits providing for IRPJ reduction under the program for development of northeastern Brazil operated by the Superintendence
for the Development of the Northeast (&amp;#8220;SUDENE&amp;#8221;):&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 58%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Subsidiary&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 18%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Units&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incentive - %&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Expiration&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Bahiana Distribuidora de G&amp;#225;s Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Aracaju base &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Suape base&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Mataripe base &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Caucaia base &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2025&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Terminal Qu&amp;#237;mico de Aratu S.A. &amp;#8211; Tequimar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Suape terminal&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Aratu terminal&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Itaqui terminal &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2025&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oleoqu&amp;#237;mica Ind&amp;#250;stria e Com&amp;#233;rcio de Produtos Qu&amp;#237;micos Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Nordeste S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Empresa Carioca de Produtos Qu&amp;#237;micos S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1)&lt;/sup&gt; In the first semester of 2018,
the subsidiary will request to SUDENE the extension of the tax incentive for another 10 years.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(2)&lt;/sup&gt; On April 10, 2017 the subsidiary
requested to SUDENE the extension of recognition of the tax incentive for another 10 years, due to modernizations realized in Cama&amp;#231;ari
plant. Due to modernizations on the plant, SUDENE approved the 75% income tax reduction until 2026 through an appraisal report
issued on July 13, 2017. On August 21, 2017, the constitutive benefit appraisal report was forwarded to the Brazilian Federal Revenue
Service (&amp;#8220;RFB&amp;#8221;) for approval within a term of 120 days. As a result of the expiration of the statutes of limitation
for the RFB to approve the constitutive benefit appraisal report, the income tax reduction was recognized by the subsidiary in
the income statement in 2017, in the total amount of R$ 34,547 with retroactive effect to January 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(3)&lt;/sup&gt; On June 12, 2017 the subsidiary
Empresa Carioca de Produtos Qu&amp;#237;micos S.A. (&amp;#8220;EMCA&amp;#8221;) filed a request at SUDENE requiring the 75% income tax reduction
incentive for its Cama&amp;#231;ari plant &amp;#8211; Bahia, due to modernizations on the plant. SUDENE approved the 75% income tax reduction
until 2026 through an appraisal report issued on August 29, 2017. On September 21, 2017, the constitutive benefit appraisal report
was forwarded to the RFB for approval within a term of 120 days. As a result of the expiration of the statutes of limitation for
the RFB to approve the constitutive benefit appraisal report, the income tax reduction was recognized by the subsidiary in the
income statement in 2017, in the total amount of R$ 1,842 with retroactive effect to January 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On July 3, 2017, the subsidiary Bahiana Distribuidora
de G&amp;#225;s Ltda. (&amp;#8220;Bahiana&amp;#8221;), filed a request at SUDENE requiring the 75% income tax reduction incentive, due to productive
unit implementation for its Juazeiro plant &amp;#8211; Bahia. SUDENE approved the incentive until 2026 through an appraisal report
issued on November 7, 2017. The constitutive benefit appraisal report was forwarded to the RFB, on November 27, 2017, for approval
within a term of 120 days.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;d.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Income and Social Contribution Taxes Carryforwards&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In 2017, certain subsidiaries of the Company
had tax loss carryforwards related to income tax (IRPJ) of R$ 598,183 (R$ 236,956 in 2016) and negative basis of CSLL of R$ 576,949
(R$ 216,036 in 2016), whose compensations are limited to 30% of taxable income in a given tax year, which do not expire. Based
on these values, the Company and its subsidiaries recognized deferred income and social contribution tax assets in the amount of
R$ 201,471 in 2017 (R$ 78,682 in 2016).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfIncomeTaxExplanatory>
    <UGP:DisclosureOfPrepaidExpensesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 72%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Rents&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329,421&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,944&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Advertising and publicity &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,833&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred Stock Plan, net (see Note 8.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,591&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Insurance premiums &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,629&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,896&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Software maintenance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,237&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other prepaid expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,531&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;496,932&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346,401&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;150,046&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,883&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346,886&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,518&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: -0.25in"&gt;&lt;font style="font-size: 8pt"&gt;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;sup&gt;&lt;font style="font: 7pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;
&lt;/font&gt;&lt;/sup&gt;&lt;font style="font-size: 8pt"&gt;Refers substantially to the rental advance of service stations of IPP, which are subsequently
subleased and operated by the resellers&lt;font style="color: #222222"&gt;.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfPrepaidExpensesExplanatory>
    <UGP:DisclosureOfInvestmentsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Joint Ventures &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company holds an interest in Refinaria de
Petr&amp;#243;leo Riograndense (&amp;#8220;RPR&amp;#8221;), which is primarily engaged in oil refining.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The subsidiary Ultracargo &amp;#8211; Opera&amp;#231;&amp;#245;es
Log&amp;#237;sticas e Participa&amp;#231;&amp;#245;es Ltda. (&amp;#8220;Ultracargo Participa&amp;#231;&amp;#245;es&amp;#8221;) holds an interest in Uni&amp;#227;o
Vopak &amp;#8211; Armaz&amp;#233;ns Gerais Ltda. (&amp;#8220;Uni&amp;#227;o Vopak&amp;#8221;), which is primarily engaged in liquid bulk storage in
the port of Paranagu&amp;#225;.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The subsidiary IPP holds an interest in ConectCar,
established in November 2012, which is primarily engaged in electronic payment of tolls and parking in the States of Alagoas, Bahia,
Cear&amp;#225;, Esp&amp;#237;rito Santo, Goi&amp;#225;s, Maranh&amp;#227;o, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Paran&amp;#225;, Pernambuco,
Rio de Janeiro, Rio Grande do Sul, Santa Catarina, S&amp;#227;o Paulo and Distrito Federal, and in the electronic fuel payment segment
throughout the Brazilian territory.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;These investments are accounted for under the
equity method of accounting based on their financial statements of 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Balances and changes in joint ventures are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Movements in investments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;4,960&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;24,076&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25,472&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;54,508&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,080&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Advance for Future Capital Increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,248&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,234)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,287)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,114)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,345)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,459)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;4,545&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;31,514&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;43,318&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;79,377&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,281&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,935)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,935)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends and interest on equity (gross)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,915)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,915)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(24,384)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,334&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;4,518&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;45,409&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;66,215&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;116,142&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends and interest on equity (gross)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(30,959)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(30,959)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,210&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,989)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,799&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;6,096&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;54,739&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;61,226&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;122,061&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 47%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;The table below presents the full amounts of balance
sheets and income statements of joint ventures:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;389,022&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;90,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,627&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;128,417&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;132,785&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;297,762&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,564&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;336&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,821&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,191&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;122,451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,260&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,067,950&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,852)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,876,389)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100,444)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,252)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(82,498)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,063&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(41,979)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;169,860,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,228&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;286,916&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;93,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,383&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;116,931&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;116,243&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;700&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,619&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,448&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,035&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,761&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;132,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,030&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,490,516&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;30,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,430)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,361,551)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(105,800)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,379)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,974&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(54)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(48,768)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145,860,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 53%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;234,094&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,599&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,300&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;114,123&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,570&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;176,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;62,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,090&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,911&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,198)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(926,392)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(89,431)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(430)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,768)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,553&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,398&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,647&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,468)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,579,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The percentages in the table above are rounded.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Associates &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary IPP holds an interest in Transportadora
Sulbrasileira de G&amp;#225;s S.A., which is primarily engaged in natural gas transportation services.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Oxiteno S.A. Ind&amp;#250;stria e Com&amp;#233;rcio
(&amp;#8220;Oxiteno S.A&amp;#8221;) holds an interest in Oxicap Ind&amp;#250;stria de Gases Ltda. (&amp;#8220;Oxicap&amp;#8221;), which is primarily
engaged in the supply of nitrogen and oxygen for its shareholders in the Mau&amp;#225; petrochemical complex.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Oxiteno Nordeste S.A. Ind&amp;#250;stria
e Com&amp;#233;rcio (&amp;#8220;Oxiteno Nordeste&amp;#8221;) holds an interest in Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.,
which is primarily engaged in manufacturing, marketing, and processing of chemicals. The operations of this associate are currently
suspended.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Cia. Ultragaz holds an interest in
Metal&amp;#250;rgica Plus S.A., which is primarily engaged in the manufacture and trading of LPG containers. The operations of this
associate are currently suspended.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary IPP holds an interest in Plenog&amp;#225;s
Distribuidora de G&amp;#225;s S.A., which is primarily engaged in the marketing of LPG. The operations of this associate are currently
suspended.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The investment of subsidiary Oxiteno S.A. in
the associate Oxicap is accounted for under the equity method of accounting based on its financial information as of November 30,
2017, while the other associates are valued based on the financial statements as of 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Balances and changes in associates are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="11" style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Movements in investments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 26%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,212&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,090&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,676&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;165&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,143&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,368&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,368&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,453)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,377)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,455&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(55)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,403&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,743&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,684&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21,537&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(948)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(948)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,206&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;981&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,001&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,981&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,678&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,731&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(865)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(399)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,264)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,212&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,477&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;269&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;976&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,348&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,618&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;340&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;577&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1) &lt;/sup&gt;In 2015, Oxicap&amp;#8217;s shareholders
realized a capital increase and Oxiteno S.A. reduced its stake from 25% to 15% approximately.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The table below presents the full amounts of balance sheets and income
statements of associates:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,061&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;175&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;505&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,278&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,695&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,821&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,960&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,338&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;427&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,390&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,424&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,235&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,733&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,522&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,709&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,649)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(40,769)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(90)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;628&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,144)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,873&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,796&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(121)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;643&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;220&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,178&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,570&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,034&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,246&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,821&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;759&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,226&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,616&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,667&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,003&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;86,041&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;214&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,279&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,751&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,194)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,539)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;574&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;63&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,837)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,824&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,375&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(208)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;642&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 30%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,175&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,390&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;759&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,203&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,403&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,681&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,830&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;644&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;403&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,371&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,708&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,777&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,540&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,367&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,643&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,628&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,799&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,703)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,050)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(34)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(172)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,973)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,918&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,776&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(164)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,806&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The percentages in the table above are rounded.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfInvestmentsExplanatory>
    <ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Balances
and changes in property, plant, and equipment are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 25%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted
    average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs
    and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect
    of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Opening
    balance CBLSA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
     on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;520,575&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,319&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,039&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(969)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,574&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;34,636&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;579,174&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,440,204&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,677&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95,630&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,409)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,998&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,639,867&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;796,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,819&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;116,698&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(14,494)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;912,555&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,225,056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;130,154&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105,060&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(16,069)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;277,730&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: -3.5pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,721,931&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,429,079&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;131,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;78,568&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(29,935)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;112,229&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,721,075&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
    tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;619,511&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;59,598&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,149)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(34,263)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;643,697&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;271,133&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,428&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,948&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(21,055)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,841&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;287,295&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;204,550&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,775&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,756&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;266,494&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,192&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,950&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;96,423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;61,536&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(48,722)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,930&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;112,167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;58&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,182&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(450)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;341,198&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,246&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,167,063&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated
    depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(632,908)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(46,795)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;130&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,535&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(28,365)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,005)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(724,408)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(412,449)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(71,660)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(166)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,624&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(475,651)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,474,504)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(258,068)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(139)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(257,629)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,980,166)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,383,069)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(144,884)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(29)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision
    for losses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
    to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(104)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;197&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(560)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,347)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(397)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(25)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,724)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(336)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;167&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(169)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture
    and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,524)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(511)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(33)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,645)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net
    amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,787,982&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,284,827&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(628,594)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(49,343)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;43,952&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;172,525&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,607,788&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 26%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted
    average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs
    and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect
    of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;524,159&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;157&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(202)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,757)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;520,575&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,382,603&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,597&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;68,989&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(281)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,704)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,440,204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;701,183&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;87,312&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,078)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;796,521&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,991,839&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;117,157&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;164,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10,209)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(38,614)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,225,056&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,282,462&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;113,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;56,213&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,758)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,429,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
    tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;541,351&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,435&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(30,857)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;619,511&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;258,776&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;25,882&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,559&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,575)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(509)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;271,133&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;170,695&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,319&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,315)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,104)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;204,550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;437,533&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;487,651&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(384,335)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(535)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(17,029)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;523,285&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;102,465&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(13,781)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,386)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;96,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports
    in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,201&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,007&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(8,895)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(255)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,685&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,574&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,448&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,441)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;288,705&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,564,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,039,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(9,999)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,371)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,804)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,415,100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated
    depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(591,831)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(43,778)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;151&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(632,908)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(359,117)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(55,913)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;339&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,235&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(412,449)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,241,244)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(242,419)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,536&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,476)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,474,504)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,270,797)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(130,613)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;18,341&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,383,069)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
    tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(249,234)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(11,146)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(215)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,488&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,112&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564,026)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,453&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;57,614&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;97&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,621,594)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;103&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: white"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;325&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;970
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net
    amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,438,895&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,039,377&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564,026)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,546)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(30,462)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,256)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,787,982&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 27%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted
    average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 3.35pt; text-align: right; text-indent: -3.35pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs
    and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect
    of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
     on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;476,107&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45,843&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,077&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,947)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,079&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;524,159&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,275,728&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;86,725&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,060)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,382,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;631,342&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;17,825&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;55,615&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,599)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;701,183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,909,475&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99,038&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;108,286&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,300)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(112,660)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,991,839&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,096,563&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;121,746&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;81,386&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(17,233)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,282,462&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;494,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;83,608&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,777&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(39,725)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;541,351&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;244,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;21,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,341)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(591)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;258,776&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;156,115&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,198&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(440)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,066)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;170,695&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;372,974&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;373,774&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(337,967)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;31,302&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;437,533&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
    to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;19,527&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,685&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,095)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,125&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports
    in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;59&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,959&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(817)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,201&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT
    equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;239,930&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;24,255&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,810)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;186&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,685&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,916,978&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;829,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,643)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(108,005)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(72,053)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,564,612&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated
    depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(565,308)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(40,766)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(48,132)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,661&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(359,117)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(234,792)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(240)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,005&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;143,173&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,241,244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(116,010)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,287&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,270,797)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(34,392)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(136)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,295&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(249,234)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(15,769)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,126&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;821&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(92,457)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(105,483)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10,050)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;323&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(110,259)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(16,872)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,667&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(722)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(203,793)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,817,766)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(516,783)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;55,283&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;160,532&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,118,732)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision
    for losses:&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
    to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold
    improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(462)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(199)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery
    and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,137)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,964&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(671)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,739)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive
    fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,342)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;36&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,306)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT
    equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(683)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;683&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture
    and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7,241)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,563)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(870)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,985)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net
    amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,091,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;826,772&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(516,783)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,641)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(49,033)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;87,609&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,438,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction
in progress relates substantially to expansions, renovations, construction and upgrade of industrial facilities, terminals, stores,
service stations and distribution bases.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers is related basically to
manufacturing of assets for expansion of plants, terminals, stores, bases, and acquisition of real estate.&lt;br style="clear: both" /&gt;&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory>
    <ifrs-full:DisclosureOfIntangibleAssetsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Balances and changes in intangible assets are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 24%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Opening balance CBLSA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;641,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,447&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,193)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,431&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;853,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font-size: 8pt"&gt;Commercial&amp;#160;property&amp;#160;&lt;/font&gt;&lt;/p&gt;
                                                                                &lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font-size: 8pt"&gt;rights (iv)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,258&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,837&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(68)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,958)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,651,316&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;580,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,052&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,273,379&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;112,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;607&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,543&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;420&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;922&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,514&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,975,474&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;801,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,379&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,151)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,960&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;165,725&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,946,358&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;Accumulated&amp;#160;amortization:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(396,702)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59,579)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,191&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,704)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(456,799)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,469)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,541)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,568)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,689)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,957&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,292)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,131,826)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(500,488)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,635)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,108)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,677,057)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,310)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,883)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31,196)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,603,875)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(571,711)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,632)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,148&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,707)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,108)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,218,885)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,371,599&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;801,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(571,711)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,253)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,253&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;133,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,727,473&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 22%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,695)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;539,522&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,734&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,601&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,159)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;641,691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,588&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,303&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(633)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,258&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278,487&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,527&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(170,698)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,651,316&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,944&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(8,008)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;112,936&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;607&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,960)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(980)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,446)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,172&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,511,288&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;651,171&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(169,057)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,315)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,613)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,975,474&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Accumulated amortization:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(350,760)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(49,380)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,433&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(396,702)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31,256)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,213)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,469)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(16,979)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,148)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;559&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,568)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,802,989)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(493,348)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,511&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,131,826)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,369)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,835)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,310)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,217,353)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(554,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,426&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;566&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,410&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,603,875)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,293,935&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;651,171&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(554,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,631)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,749)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,203)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,371,599&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; border-bottom: Black 1pt solid; padding-top: 10pt; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; font-family: Cambria, Times, Serif; color: #404040; font-style: italic"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;Effect of foreign currency &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;exchange rate variation&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 4.25pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;451,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;453&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,580&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;539,522&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,881&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,994&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(287)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,762,985&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;515,502&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,484&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,944&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,606&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,492&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(79)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,932&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,951&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,879,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;609,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;376&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(346)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,511,288&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Accumulated&amp;#160;amortization:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Software&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(303,780)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(44,346)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,693)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(350,760)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(29,471)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,785)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31,256)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,545)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,643)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;209&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(16,979)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,366,128)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(433,869)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,992)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,802,989)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,625)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,821)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;96&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,369)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,721,549)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(490,464)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,896)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;268&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,712)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,217,353)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Net amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,158,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;609,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(490,464)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,520)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(78)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,284&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,293,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;i)&lt;/b&gt; The balance of the goodwill is
tested annually for impairment and presents the following balances:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="width: 37%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 35%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Segment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 13%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 13%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill on the acquisition of:&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;661,553&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;661,553&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;276,724&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;276,724&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uni&amp;#227;o Terminais&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;211,089&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;211,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;CBLSA&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Texaco&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,759&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,856&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,856&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Temmar&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,781&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,781&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;DNP&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,736&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,736&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Repsol&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,403&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,403&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,157&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On December 31, 2017, the Company tested the
balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments,
and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital,
and discount rates. The assumptions about growth projections and future cash flows are based on the Company&amp;#8217;s business plan
of its operating segments, as well as comparable market data, and represent management&amp;#8217;s best estimate of the economic conditions
that will exist over the economic life of the various CGUs, to which goodwill is related. The main key-assumptions used by the
Company to calculate the value in use are described below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Period of evaluation&lt;/u&gt;: the evaluation
of the value in use is calculated for a period of five years (except the Extrafarma segment), after which we calculate the perpetuity,
considering the possibility of carrying the business on indefinitely. For the Extrafarma segment, a period of 10 years was used
due to its expansion plan and considering a four-years period to maturity of new stores.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Discount and real growth rates&lt;/u&gt;: on December
31, 2017, the discount and real growth rates used to extrapolate the projections ranged from 9.6% to 12.7% and from 0% to 1% p.a.,
respectively, depending on the CGU analyzed. For the subsidiary Oxiteno Andina, due to the macroeconomic scenario in Venezuela,
the discount rate used was 803.8%.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Revenue from sales and services, costs and
expenses, and gross margin&lt;/u&gt;: for 2018, the budget prepared by management and approved by the Board of Directors was considered.
In subsequent periods, the Company considers the forecast of the general inflation or price index predicted in the contracts.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Opening of new commercial points (investments)&lt;/u&gt;:
for 2018, the budget prepared by the management and approved by the Board of Directors was considered. In subsequent periods, the
Company considers the expansion plans of each business unit, which also considers the commercial establishments closed in the previously
years.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The goodwill impairment tests and net
assets of the Company and its subsidiaries did not result in the recognition of  impairment for the year ended December 31,
2017. The Company assessed a sensitivity analysis of discount and growth rate of perpetuity, due to their significant impact
on cash flows and value in use. An increase of 0.5 percentage points in the discount rate or a decrease of 0.5 percentage
points in the growth rate of the perpetuity of the cash flow of each business segment would not result in the recognition of
impairment.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;ii)&lt;/b&gt; Software includes user licenses and
costs for the implementation of the various systems used by the Company and its subsidiaries, such as: integrated management and
control, financial management, foreign trade, industrial automation, operational and storage management, accounting information,
and other systems.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;iii)&lt;/b&gt; The subsidiaries Oxiteno S.A., Oxiteno
Nordeste and Oleoqu&amp;#237;mica Ind&amp;#250;stria e Com&amp;#233;rcio de Produtos Qu&amp;#237;micos Ltda. (&amp;#8220;Oleoqu&amp;#237;mica&amp;#8221;) recognize
as technology certain rights of use held by them. Such licenses include the production of ethylene oxide, ethylene glycols, ethanolamines,
glycol ethers, ethoxylates, solvents, fatty acids from vegetable oils, fatty alcohols, and specialty chemicals, which are products
that are supplied to various industries.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;iv)&lt;/b&gt; Commercial property rights include those described
below:&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 2%"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 98%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Subsidiary Terminal Qu&amp;#237;mico de Aratu S.A. &amp;#8211; Tequimar (&amp;#8220;Tequimar&amp;#8221;) has an agreement with CODEBA &amp;#8211; Companhia das Docas do Estado da Bahia, which allows it to explore the area in which the Aratu Terminal is located for 20 years, renewable for a similar period. The price paid by Tequimar was R$ 12,000, which is being amortized from August 2002 to July 2042.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#8226;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Subsidiary Tequimar has a lease contract for an area adjacent to the Port of Santos for 20 years from December 2002, renewable for a similar period, which allows the construction, operation, and use of a terminal for liquid bulk unloading, tank storage, handling, and distribution. The price paid by Tequimar was R$ 4,334, which is being amortized from August 2005 to December 2022.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Subsidiary Extrafarma pays key money to obtain certain commercial establishments to open drugstores which is stated at the cost of acquisition, amortized using the straight-line method, considering the lease contract terms. In the case of the closedown of stores, the residual amount is written off.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;v)&lt;/b&gt; Distribution rights refer mainly to
exclusive rights disbursements as provided in Ipiranga&amp;#8217;s agreements with resellers and large customers. Exclusive rights
disbursements are recognized when paid and recognized as selling expenses in the income statement according to the conditions established
in the agreement which is reviewed as per the changes occurred in the agreements.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;vi)&lt;/b&gt; Brands are represented by the acquisition cost of the
&amp;#8216;am/pm&amp;#8217; brand in Brazil and of the Extrafarma brand.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;&lt;b&gt;vii)&lt;/b&gt; Other intangibles refer mainly
to the loyalty program &amp;#8220;Clube Extrafarma&amp;#8221;.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The amortization expenses were recognized in the financial statements
as shown below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 61%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Inventories and cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,344&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,522&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;484,609&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;492,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;436,253&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;57,758&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,689&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;571,711&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490,464&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;</ifrs-full:DisclosureOfIntangibleAssetsExplanatory>
    <ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&amp;#160;Composition&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Index/Currency&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted
    average financial charges 12/31/2017 &amp;#8211; % p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    currency &amp;#8211; denominated loans:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (b) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,454,142&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,412,112&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.1) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;788,794&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;942,456&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
    + LIBOR (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.1) (*)&lt;/font&gt; &lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;298,927&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;332,650&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
+ LIBOR (i)    &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.2, c.3 and c.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;259,015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;486,451&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;330,755&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;195,021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
    + LIBOR (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2019
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;106,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;109,859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.8&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,048&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;24,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;MX$
    (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+8.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    currency advances delivered&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;26,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#60;
    54 days&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
    on foreign exchange contracts&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;111,066&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#60;
    92 days&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,460&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,137&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+6.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,382&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,569&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;MX$
    + TIIE (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;435&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Bs$
    (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+24.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Subtotal
    foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,344,456&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,663,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazilian
    Reais &amp;#8211; denominated loans:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    - Ipiranga (g.1, g.2, g.4 and g.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,836,741&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,914,498&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105.8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil &amp;#8211; floating rate (f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,794,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,956,547&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    - 5th issuance (g.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;817,654&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;832,383&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;108.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    &amp;#8211; CRA (g.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,380,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    &amp;#8211; CRA (g.5) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IPCA&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+4.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;206,423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;307,593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Export
    Credit Note &amp;#8211; floating rate (h)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;157,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;158,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;101.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;69,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;71,430&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SELIC
    (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    EXIM&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;62,754&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;62,084&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+3.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Finance
    leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,566&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IGP-M
    (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINEP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;35,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,667&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+4.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINEP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;34,613&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Nordeste do Brasil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,136&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;47,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$
    &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+8.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    EXIM&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30,850&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SELIC
    (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+3.9&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;26,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;40,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINAME&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;56&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Fixed
    finance leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;41&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Floating
    finance leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Subtotal
    Brazilian Reais&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,082,389&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,550,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    foreign currency and Brazilian Reais&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,426,845&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,214,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Currency
    and interest rate hedging instruments (**)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,590,594&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,417,130&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 37%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,503,675&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,475,604&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,086,919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,941,526&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(*)
These transactions were designated for hedge accounting (see Note 31 &amp;#8211; Hedge Accounting).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(**)
Accumulated losses (see Note 31).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 3%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LIBOR = London Interbank Offered
    Rate.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;MX$ = Mexican Peso; TIIE = the Mexican interbank
    balance interest rate.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP (Long-term Interest
    Rate) = set by the National Monetary Council, TJLP is the basic financing cost of Banco Nacional de Desenvolvimento Econ&amp;#244;mico
    e Social (&amp;#8220;BNDES&amp;#8221;), the Brazilian Development Bank. On December 31, 2017, TJLP was fixed at 7.0% p.a.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Contract linked to
    the rate of FNE (Northeast Constitutional Financing Fund) fund whose purpose is to promote the development of the industrial
    sector, managed by Banco do Nordeste do Brasil. On December 31, 2017, the FNE interest rate was 10% p.a. FNE grants a discount
    of 15% on the interest rate for timely payments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(v)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IGP-M = General Market Price Index is a measure
    of Brazilian inflation, calculated by the Get&amp;#250;lio Vargas Foundation.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SELIC = basic interest rate set by the Brazilian
    Central Bank.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Bs$ = Bol&amp;#237;var.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
changes in loans, debentures and finance leases are shown below:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 87%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Balance
    on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,214,773&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;New
    loans and debentures with cash effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,510,694&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest
    accrued&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;925,421&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Principal
    payment and financial leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,467,391)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest
    payment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(769,740)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Monetary
    variation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;37,937&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Change
    in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(24,849)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Balance
    on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,426,845&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
long-term consolidated debt had the following principal maturity schedule:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    1 to 2 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,826,907&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,203,383&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    2 to 3 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;894,640&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,699,009&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    3 to 4 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,302,450&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;693,993&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    4 to 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,016,406&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;554,162&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;More
    than 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,046,516&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,790,979&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,086,919&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,941,526&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;As
provided in IAS 39, the transaction costs and issuance premiums associated with debt issuance by the Company and its subsidiaries
were added to their financial liabilities, as shown in Note 14.j).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
Company&amp;#8217;s management entered into hedging instruments against foreign exchange and interest rate variations for a portion
of its debt obligations (see Note 31).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Notes
    in the Foreign Market&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: #212121"&gt;On
October 6, 2016, the subsidiary Ultrapar International S.A. (&amp;#8220;Ultrapar International&amp;#8221;) issued US$ 750 million in notes
in the foreign market, maturing in October 2026, with interest rate of 5.25% p. a., paid semiannually. The issue price was 98.097%
of the face value of the note. The notes were guaranteed by the Company and its subsidiary IPP. The Company has designated hedge
relationships for this transaction (see Note 31 &amp;#8211; Hedge accounting: cash flow hedge and n&lt;/font&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;et
investment hedge in foreign entities&lt;font style="color: #212121"&gt;).&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;As
a result of the issuance of the notes in the foreign market, the Company and its subsidiaries are required to perform certain
obligations, including:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#8226;
Restriction on sale of all or substantially all assets of the Company and subsidiaries Ultrapar International and IPP.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;br /&gt;
&amp;#8226; Restriction on encumbrance of assets exceeding US$ 150 million or 15% of the amount of the consolidated tangible assets.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
Company and its subsidiaries are in compliance with the levels of covenants required by this debt. The restrictions imposed on
the Company and its subsidiaries are customary in transactions of this nature and have not limited their ability to conduct their
business to date.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;&lt;i&gt;c.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: black"&gt;&lt;b&gt;&lt;i&gt;Foreign
    Loans&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1)
The subsidiary IPP has foreign loans in the amount of US$ 320 million. IPP also contracted hedging instruments with floating interest
rate in U.S. dollar and exchange rate variation, changing the foreign loans charges, on average, to 102.9% of CDI (see Note 31).
IPP designated these hedging instruments as a fair value hedge; therefore, loans and hedging instruments are both measured at
fair value from inception, with changes in fair value recognized through profit or loss. The foreign loans are secured by the
Company.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-align: justify; text-indent: -0.25in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
foreign loans have the maturity distributed as follows:&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 68%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;US$
    (million)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Cost
    in % of CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Jul/18&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;60.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;103.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Sep/18&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;101.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Nov/18
    &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;101.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Jun/22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    / average cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;320.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;102.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;&amp;#160;&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2)
The subsidiary LPG International Inc. has a foreign loan in the amount of US$ 30 million with maturity in December 2018 and interest
rate of LIBOR + 1.85% p.a., paid quarterly. The foreign loan is guaranteed by the Company and its subsidiary IPP.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;During
these contracts, the Company shall maintain the following financial ratios, calculated based on its audited consolidated financial
statements:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 2%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 98%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Maintenance
    of a financial ratio, determined by the ratio between consolidated net debt and consolidated Earnings before Interest, Taxes,
    Depreciation, and Amortization (EBITDA), at less than or equal to 3.5.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 2%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 98%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Maintenance
    of a financial ratio determined by the ratio between consolidated EBITDA and consolidated net financial expenses, higher than
    or equal to 1.5.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
Company complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries
are usual for this type of transaction and have not limited their ability to conduct their business to date.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3)
The subsidiary GPPTC had a foreign loan in the amount of US$ 12 million with maturity in December 2018 and interest rate of LIBOR
+ 1.85% p.a., paid quarterly. The foreign loan was guaranteed by the Company and its subsidiary IPP. The subsidiary settled the
loan in advance in December 2017.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4)
The subsidiary GPPTC has a foreign loan in the amount of US$ 60 million with maturity on June 22, 2020 and interest of LIBOR +
2.0% p.a., paid quarterly. The Company, through the subsidiary Cia. Ultragaz, contracted hedging instruments subject to floating
interest rates in dollar and exchange rate variation, changing the foreign loan charge to 105.9% of CDI. The foreign loan is guaranteed
by the Company and its subsidiary Oxiteno Nordeste.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;d.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;BNDES&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiaries have financing from BNDES for some of their investments and for working capital.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;During
the term of these agreements, the Company must maintain the following capitalization and current liquidity levels, as determined
in the annual consolidated audited balance sheet:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 2%; padding-left: 0.5in; text-indent: -0.25in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#183;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;
    &amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 98%; padding-left: 19.35pt; text-indent: -19.35pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#183;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;
    Capitalization level: shareholders&amp;#8217; equity / total assets equal to or above 0.3; and&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-left: 19.35pt; text-indent: -19.35pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#183;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;
    Current liquidity level: current assets / current liabilities equal to or above 1.3.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
Company complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries
are usual for this type of transaction and have not limited their ability to conduct their business to date.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;e.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Financial
    Institutions&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiaries Oxiteno Mexico S.A. de C.V., Oxiteno USA LLC (&amp;#8220;Oxiteno USA&amp;#8221;), Oxiteno Uruguay and Oxiteno Andina have
loans to finance investments and working capital.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary Oxiteno USA has a loan agreement in the amount of US$40 million, due in February 2021 and bearing interest of LIBOR
+ 3% p.a., paid quarterly. The loan is guaranteed by the Company and the subsidiary Oxiteno Nordeste and the proceeds of this
loan are being used to fund the construction of a new alkoxylation plant in the state of Texas.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary Oxiteno USA has a loan in the notional amount of US$20 million, due in September 2020, with interest of LIBOR + 3%
p.a., paid quarterly. The loan is guaranteed by the Company and the subsidiary Oxiteno S.A.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
October 2017, the subsidiary Oxiteno USA contracted a loan agreement in the amount of US$ 40 million, due in October 2022 and
bearing interest of LIBOR + 1.73% pa, paid quarterly. The proceeds of this loan are being used to fund the construction of a new
alkoxylation plant in the state of Texas. The loan is guaranteed by the Company.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;f.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Banco
    do Brasil&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary IPP has floating interest rate loans with Banco do Brasil to finance the marketing, processing, or manufacturing of
agricultural goods (ethanol).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;These
loans mature, as follows (accrued interest until December 31, 2017):&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018-Jan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;172,798&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018-Apr&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;100,571&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2019-Feb&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;168,392&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2019-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,338,979&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2020-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2021-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2022-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,794,272&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;g.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Debentures&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         December 2012, the subsidiary IPP made its first issuance of public debentures, in a
                                         single series of 60,000 simple, nominative, registered debentures, nonconvertible into
                                         shares and unsecured, which main characteristics are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;November 16, 2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107.9% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
debentures were settled by the Company on the maturity date.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         January 2014, the subsidiary IPP made its second issuance of public debentures, in a
                                         single series of 80,000 simple, nominative, registered debentures, nonconvertible into
                                         shares and unsecured, which main characteristics are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;December 20, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107.9% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3)&amp;#160;&amp;#160;&amp;#160;&amp;#160;
In March 2015, the Company made its fifth issuance of debentures, in a single series of 80,000 simple, nonconvertible into shares,
unsecured debentures, which main characteristics are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;March 16, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;108.25% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4)&amp;#160;&amp;#160;&amp;#160;&amp;#160;
In May 2016, the subsidiary IPP made its fourth issuance of public debentures, in one single series of 500 simple, nominative,
registered debentures, nonconvertible into shares and unsecured, which main characteristics are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;May 25, 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Annual as from May
    2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105.0% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         April 2017, the subsidiary IPP carried out its fifth issuance of debentures, in two single
                                         series of 660,139 and 352,361, simple, nonconvertible into shares, nominative, book-entry
                                         and unsecured debentures. The debentures have been subscribed by Eco Consult &amp;#8211;
                                         Consultoria de Opera&amp;#231;&amp;#245;es Financeiras Agropecu&amp;#225;rias Ltda. The proceeds
                                         from this issuance has been used exclusively for the purchase of ethanol.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
debentures were later assigned and transferred to Eco Securitizadora de Direitos Credit&amp;#243;rios do Agroneg&amp;#243;cio S.A. that
acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA).
The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;April 18, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;April 15, 2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IPCA + 4.7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 93.9%
of CDI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both
measured at fair value from inception, with changes in fair value recognized through profit or loss.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6)&amp;#160;&amp;#160;&amp;#160;&amp;#160;
In July 2017, the subsidiary IPP made its sixth issuance of public debentures, in one single series of 1,500,000 simple, nonconvertible
into shares and unsecured debentures, which main characteristics are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;July 28, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Annual as from July
    2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105.0% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
                                         October 2017, the subsidiary IPP carried out its seventh issuance of debentures in the
                                         amount of R$ 944,077, in two single series of 730,384 and 213,693, simple, nonconvertible
                                         into shares, nominative, book-entry and unsecured debentures. The debentures have been
                                         subscribed by Vert Companhia Securitizadora. The proceeds from this issuance has been
                                         used exclusively for the purchase of ethanol.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
debentures were later assigned and transferred to Vert Cr&amp;#233;ditos Ltda, that acquired these agribusiness credit rights with
the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). The financial settlement occurred on November
1, 2017. The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;October 24, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Face
    value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;October 24, 2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of the face
    value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Lump sum at final
    maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IPCA + 4.33%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 97.3%
of CDI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both
measured at fair value from inception, with changes in fair value recognized through profit or loss.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
debentures have maturity dates distributed as shown below (accrued interest until December 31, 2017).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="width: 57%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; width: 36%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Mar/2018&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;817,654&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Dec/2018&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;801,026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;May/2021&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;499,012&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Apr/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;656,009&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Jul/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,536,704&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oct/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;724,841&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Apr/2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;350,873&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Oct/2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;203,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,589,649&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;h.
&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Export Credit Note&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary Oxiteno Nordeste has export credit note contract in the amount of R$ 156.8 million, with maturity in May 2018, and
floating rate of 101.5% of CDI, paid quarterly.&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;br style="clear: both" /&gt;
    &lt;b&gt;&lt;i&gt;i.&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Finance
    Leases&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
subsidiary Cia. Ultragaz has a finance lease contract related to LPG bottling facilities, maturing in April 2031.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Subsidiary
Extrafarma had finance lease contracts related to software, with term of 48 months, ended in 2017.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
amounts of equipment and intangible assets, net of depreciation and amortization, and the amounts of the corresponding liabilities
are shown below:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 35%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 20%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;LPG
    bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;LPG
    bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Software&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 0.05in; text-indent: -0.05in"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Equipment
    and intangible assets, net of depreciation and amortization&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,732&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;17,078&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;223&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;17,301&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financing
    (present value)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,566&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,465&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,615&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45,805&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;46,101&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;46,101&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
future disbursements (installments) assumed under these contracts are presented below:&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="5" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 22%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;LPG
    bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;LPG
    bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Software&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Up
    to 1 year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,032&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    1 to 2 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    2 to 3 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    3 to 4 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;From
    4 to 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;More
    than 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;42,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45,516&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45,516&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;68,176&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;69,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;70,052&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
above amounts include Services Tax (&amp;#8220;ISS&amp;#8221;) payable on the monthly installments, except for disbursements for the LPG
bottling facilities.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;j.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Transaction
    Costs&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Transaction
costs incurred in issuing debt were deducted from the value of the related financial instruments and are recognized as an expense
according to the effective interest rate method, as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effective
    rate of transaction costs (% p.a.)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Incurred
    cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,182&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,117)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,065&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,835&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;42,388&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,514)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,211&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;563&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,952&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,418&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(569)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;39,792&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,369&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,075)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,086&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effective
    rate of transaction costs (% p.a.)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Incurred
    cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance
    on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,529&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,230)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,182&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    Loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,649&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,438)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,211&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,801&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,407&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,373)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,835&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,821&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(209)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,612&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;545&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,079&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(672)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,952&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;18,878&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,836&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7,922)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;39,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 37%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
amount to be appropriated to profit or loss in the future is as follows:&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; width: 33%; padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Up
        to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-family: Cambria, Times, Serif; color: #404040; font-style: italic"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1
    to 2 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2
        to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3
        to 4 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4
        to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt/110% Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;More
    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,388&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,546&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,632&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,723&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,545&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,628&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,317&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;599&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;385&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;136&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,065&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,151&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,798&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;931&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;171&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;111&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;642&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;354&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;264&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,076&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,342&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,921&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,155&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,086&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;k.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Guarantees&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The
financings are guaranteed by collateral in the amount of R$ 66,337 in 2017 (R$ 56,570 in 2016) and by guarantees and promissory
notes in the amount of R$ 9,587,971 in 2017 (R$ 7,069,482 in 2016).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;In
addition, the Company and its subsidiaries offer collateral in the form of letters of credit for commercial and legal proceedings
in the amount of R$ 237,537 in 2017 (R$ 215,988 in 2016) and guarantees related to raw materials imported by the subsidiary IPP
in the amount of R$ 81,046 in 2017 (R$ 59,316 in 2016).&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Some subsidiaries of Oxiteno issue
collateral to financial institutions in connection with the amounts owed by some of their customers to such institutions (vendor
financing). If a subsidiary is required to make any payment under these collaterals, this subsidiary may recover the amount paid
directly from its customers through commercial collection. The maximum amount of future payments related to these collaterals
is R$ 8,224 in 2017 (R$ 30,764 in 2016), with maturities of up to 212 days. Until December 31, 2017, the subsidiaries did not
have losses in connection with these collaterals. The fair value of collaterals recognized in current liabilities as other payables
is R$ 205 in 2017 (R$ 743 in 2016), which is recognized as profit or loss as customers settle their obligations with the financial
institutions.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory>
    <ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Domestic suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,973,668&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,620,388&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;181,830&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,265&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155,498&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,709,653&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Some Company&amp;#8217;s subsidiaries acquire oil based fuels and LPG from Petrobras and its subsidiaries and ethylene from Braskem
S.A. These suppliers control almost all of the markets for these products in Brazil.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory>
    <UGP:DisclosureOfSalariesAndRelatedChargesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provisions on salaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;179,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;162,216&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Profit sharing, bonus and premium&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;125,006&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,504&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Social charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,812&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,468&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,186&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;388,118&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;362,718&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfSalariesAndRelatedChargesExplanatory>
    <ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;131,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,065&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,287&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PERT (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Value-Added Tax (IVA) of subsidiaries Oxiteno Mexico, Oxiteno USA, Oxiteno Andina and Oxiteno Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,992&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ISS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,211&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,074&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;225,829&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;(*) Refers to federal tax debits of the subsidiary IPP that were
included in the Special Program of Tax Regularization (PERT).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory>
    <ifrs-full:DisclosureOfEmployeeBenefitsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 3%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;ULTRAPREV- Associa&amp;#231;&amp;#259;o de Previd&amp;#234;ncia Complementar&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In February 2001, the Company&amp;#8217;s Board
of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and each of its subsidiaries.
Participating employees have been contributing to this plan, managed by Ultraprev - Associa&amp;#231;&amp;#227;o de Previd&amp;#234;ncia Complementar
(&amp;#8220;Ultraprev&amp;#8221;), since August 2001. Under the terms of the plan, every year each participating employee chooses his or
her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic
contribution, up to a limit of 11% of the employee&amp;#8217;s reference salary, according to the rules of the plan. As participating
employees retire, they may choose to receive either (i) a monthly sum ranging between 0.5% and 1.0% of their respective accumulated
fund in Ultraprev or (ii) a fixed monthly amount which will exhaust their respective accumulated fund over a period of 5 to 25
years. The sponsoring company does not take responsibility for guaranteeing amounts or the duration of the benefits received by
the retired employee. In 2017, the subsidiaries contributed R$ 24,819 (R$ 23,261 in 2016 and R$ 22,216 in 2015) to Ultraprev, which
is recognized as expense in the income statement. The total number of participating employees in 2017 was 8,322 active participants
and 245 retired participants. In addition, Ultraprev had 27 former employees receiving benefits under the rules of a previous plan
whose reserves are fully constituted.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 3%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Post-employment Benefits&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The subsidiaries recognized a provision for post-employment benefits
mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&amp;#8220;FGTS&amp;#8221;), and health, dental care,
and life insurance plan for eligible retirees.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The amounts related to such benefits were determined based on a valuation
conducted by an independent actuary and reviewed by management as of December 31, 2017 and are recognized in the financial statements
in accordance with IAS 19 R2011.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Health and dental care plan &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,826&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;FGTS Penalty&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,654&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Bonus&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,254&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Life insurance &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,671&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,456&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;237,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;30,059&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,940&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;119,811&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;(1)&lt;/td&gt;&lt;td&gt;&lt;font style="font-size: 8pt"&gt;Only Ipiranga and, in 2017, also to CBLSA.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Changes in the present value of the provision
for post-employment benefits are as follows:&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 78%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;126,595&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Current service cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,664&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,754&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial (gains) losses from changes in actuarial assumptions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,818&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Benefits paid directly by Company and its subsidiaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,368)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,971)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance CBL S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,478&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Exchange rate from foreign subsidiaries &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(865)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ending balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;237,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The expense of the year is presented below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 71%; padding-right: 5.65pt; padding-left: 5.65pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Health and dental care plan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,065&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,291&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;FGTS Penalty&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,828&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,068&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Bonus&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,455&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,352&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Life insurance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,543&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,683&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,418&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Significant actuarial assumptions adopted include:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 71%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Economic factors&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;% p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;% p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Discount rate for the actuarial obligation at present value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.51&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11.46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Average projected salary growth rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.90&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Inflation rate (long term)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4.50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Growth rate of medical services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.68&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Demographic factors&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 14.15pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#8226;&amp;#9;Mortality Table for the
life insurance benefit &amp;#8211; CSO-80&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#8226;&amp;#9;Mortality Table for other
benefits - AT 2000 Basic decreased by 10%&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#8226;&amp;#9;Disabled Mortality Table
- RRB 1983&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#8226;&amp;#9;Disability Table - RRB
1944 modified&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Sensitivity analysis&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The significant actuarial assumptions to determine
the provision for post-employment benefits are: discount rate, wage and medical costs increases. The following sensitivity analyses
on December 31, 2017 were determined based on reasonably possible changes of assumptions occurring at the reporting date of the
financial statements, keeping all other assumptions constant.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 35%; padding-right: 5.65pt; padding-left: 5.65pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assumption&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 17%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Change in assumptions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Decrease in liability&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 18%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Change in assumptions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 13%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Increase in liability&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Discount rate &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,237&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,690&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Wage growth rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Medical services growth rate &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,413&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The sensitivity analysis presented may not represent
the real change in the post-employment benefits obligation, since it is unlikely that changes occur in just one assumption alone,
considering that some of these assumptions may be correlated.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Inherent risks related to post-employment
benefits&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Interest rate risk: a long-term interest rate
is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding
liability.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Wage growth risk: the present value of the liability
is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase
in the real wages of plan participants will increase the corresponding liability.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Medical costs growth risk: the present value
of the liability is calculated using as reference the medical cost by age based on actual healthcare costs, projected based on
the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfEmployeeBenefitsExplanatory>
    <ifrs-full:DisclosureOfOtherProvisionsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The provision corresponds to the legal obligation to remove Ipiranga&amp;#8217;s
underground fuel tanks located at Ipiranga-branded service stations after a certain use period (see Note 2.m).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Changes in the provision for asset retirement obligation are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 64%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Initial balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,564&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,802&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions (new tanks)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;483&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;625&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Expense with tanks removed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,432)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,785)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,949)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Accretion expense&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,105&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,238&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Final balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,774&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,564&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,799&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,563&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,232&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,975&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73,001&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfOtherProvisionsExplanatory>
    <ifrs-full:DisclosureOfProvisionsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Provisions for tax, civil, and labor risks&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;The Company and its subsidiaries
are parties in tax, civil, environmental, regulatory, and labor disputes at the administrative and judiciary levels, which, when
applicable, are backed by escrow deposits. Provisions for losses are estimated and updated by Management based on the opinion of
the Company&amp;#8217;s legal department and its external legal advisors.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;The table below demonstrates the
breakdown of provisions by nature and its movement:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provisions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.3pt"&gt;&lt;b&gt;Balance on &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;12/31/2016&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Monetary restatement&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Opening balance CBL S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.3pt"&gt;&lt;b&gt;Balance on &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;12/31/2017&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IRPJ and CSLL (a.1.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;473,490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,163)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,285&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,217&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;515,829&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS (a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;141,112&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(109,463)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,927&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,864&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,795)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;533&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;111,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Civil, environmental and regulatory claims (a.2.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,350&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,026&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,269)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;330&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Labor litigation (a.3.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,899)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,145&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,044&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,425&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IPI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,067&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,569&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;634&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,401)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,468&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;779,782&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,497&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(135,990)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,155&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,352&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;925,796&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,694&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;727,088&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;861,246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Some of the provisions above involve, in whole
or in part, escrow deposits.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Balances of escrow deposits are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax matters&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;659,062&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;643,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Labor litigation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,074&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,392&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Civil and other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;92,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,955&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total &amp;#8211; non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;822,660&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;778,770&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.1)&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Provisions for Tax Matters and Social Security&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;a.1.1) On October 7, 2005, the subsidiaries
Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG
purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16,
2008. Under the preliminary injunction, the subsidiaries made escrow deposits for these debits which amounted to R$ 483,485 as
of December 31, 2017 (R$ 457,868 as of December 31, 2016). On July 18, 2014, a second instance unfavorable decision was published
and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision,
the subsidiaries presented a writ of prevention which was dismissed on December 30, 2014, and the subsidiaries appealed this decision
on February 3, 2015. Appeals were also presented to the respective higher courts (STJ and STF) whose final trial are pending.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;a.1.2) The subsidiaries Oxiteno S.A.,
Oxiteno Nordeste, Cia. Ultragaz, Tequimar, Tropical Transportes Ipiranga Ltda., EMCA, IPP and Extrafarma filed for a preliminary
injunction seeking the deduction of ICMS from their PIS and COFINS tax bases. On March 15, 2017, in a decision with general repercussion,
the Federal Supreme Court (STF) decided that the ICMS does not make up the calculation of PIS and COFINS tax bases. Therefore,
supported by its legal advisors, on March 31, 2017, Oxiteno Nordeste and IPP reversed the provision in the amount of R$ 109,463
in 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;The Company emphasizes that it is possible
for the STF to restrict the effects of the judgment or to decide that the effectiveness will be reached after its final decision
or other time that may be fixed. Despite the favorable context, until there is effective final decision, the causes may be reassessed,
which could result in the recognition of new provisions in the future.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;a.2) Provisions for Civil, Environmental
and Regulatory Claims&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;a.2.1) The Company and its subsidiaries maintained
provisions for lawsuits and administrative proceedings, mainly derived from contracts entered into with customers and former services
providers, as well as proceedings related to environmental and regulatory issues in the amount of R$ 89,296 as of December 31,
2017 (R$ 69,350 as of December 31, 2016).&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%; text-indent: 1.25pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;a.3)&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Provisions for Labor Matters&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;a.3.1) The Company and its subsidiaries maintained
provisions of R$ 82,425 as of December 31, 2017 (R$ 65,162 as of December 31, 2016) for labor litigation filed by former employees
and by employees of our service providers mainly contesting the non-payment of labor rights.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&lt;/i&gt;Contingent Liabilities (Possible)&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries are parties
in tax, civil, environmental, regulatory, and labor claims whose loss prognosis is assessed as possible (proceedings whose chance
of loss is 50% or less) by the Company&amp;#8217;s legal departments based on the opinion of its external legal advisors and, based
on this assessment, these claims were not recognized in the financial statements. The estimated amount of this contingency is R$
2,576,583 as of December 31, 2017 (R$ 2,252,637 as of December 31, 2016).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;b.1) Contingent Liabilities for Tax Matters
and Social Security &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have contingent
liabilities for tax matters and social security in the amount of R$ 1,709,435 as of December 31, 2017 (R$ 1,519,658 as of December
31, 2016), mainly represented by:&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.1.1) The subsidiary IPP and its subsidiaries
have assessments invalidating the offset of excise tax (&amp;#8220;IPI&amp;#8221;) credits in connection with the purchase of raw materials
used in the manufacturing of products which sales are not subject to IPI under the protection of tax immunity. The amount of this
contingency is R$ 166,003 as of December 31, 2017 (R$ 169,889 as of December 31, 2016).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify"&gt;b.1.2) The subsidiary IPP and its subsidiaries
have legal proceedings related to ICMS. The total amount involved in these proceedings, was R$ 618,774 as of December 31, 2017
(R$ 626,393 as of December 31, 2016). Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ 307,255 (R$
283,367 as of December 31, 2016), of which R$ 121,891 (R$ 113,889 as of December 31, 2016) refer to proportional reversal requirement
of ICMS credits related to the acquisition of hydrated alcohol; of alleged non-payment in the amount of R$ 113,999 (R$ 108,786
as of December 31, 2016); and inventory differences in the amount of R$ 149,171 (R$ 147,031 as of December 31, 2016) related to
the leftovers or faults due to temperature changes or product handling.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.1.3) The Company and its subsidiaries are
parties to administrative and judicial suits involving Income Tax, Social Security Contribution, PIS and COFINS, substantially
about denials of offset claims and credits disallowance which total amount is R$ 645,868 as of December 31, 2017 (R$ 450,120 as
of December 31, 2016), mainly represented by:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.1.3.1) In the first quarter of 2017, the subsidiary
IPP received a tax assessment related to the IRPJ and CSLL resulting from the supposedly undue amortization of the goodwill paid
on acquisition of a subsidiary, in the amount of R$ 187,027 as of December 31, 2017, which includes the amount of the income taxes,
interest and penalty. Management assessed the likelihood of the tax assessment, supported by the opinion of its legal advisors,
as &amp;#8220;possible&amp;#8221;, and therefore did not recognize a provision for this contingent liability.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;b.2) Contingent Liabilities for Civil, Environmental and
Regulatory Claims &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have contingent
liabilities for civil, environmental and regulatory claims in the amount of R$ 593,437, totaling 2,783 lawsuits as of December
31, 2017 (R$ 480,065, totaling 2,329 lawsuits as of December 31, 2016), mainly represented by:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.2.1) The subsidiary Cia. Ultragaz is party
to an administrative proceeding before CADE based on alleged anti-competitive practices in the State of Minas Gerais in 2001. The
CADE entered a decision against Cia. Ultragaz and imposed a penalty of R$ 32,315 as of December 31, 2017 (R$ 31,281 as of December
31, 2016). The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.2.2) In 2016, the subsidiary Cia. Ultragaz
became party to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices: i) one of the
proceedings relate to practices in the State of Para&amp;#237;ba and other Northeast States, in which the subsidiary Bahiana is part
along with Cia. Ultragaz. On this proceeding, Cia. Ultragaz and Bahiana signed a Cessation Commitment Agreement (TCC) with CADE,
approved on November 22, 2017, in the amount of R$ 95,987, to be paid in 8 (eight) equal installments updated semiannualy by SELIC,
with maturity of the first one in 180 (one hundred and eighty) days from the date of publication of the approval. Three employees
and one former employee signed TCC in the total amount of R$ 1,100. With the TCC, the administrative proceeding will be suspended
in relation to the Cia. Ultragaz and Bahiana until final decision.; ii) the second proceeding relate to practices in the Federal
District and around, in which only Cia. Ultragaz is part. On this proceeding, Cia. Ultragaz signed a TCC with CADE, approved on
September 6, 2017, in the amount of R$ 2,154, to be paid in a single installment, with maturity in 180 (one hundred and eighty)
days from the date of publication of the approval. Two former employees signed TCC in the amount of R$ 50 each. With the TCC, the
administrative proceeding will be suspended in relation to the Cia. Ultragaz until final decision.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.2.3) The subsidiary IPP became party
to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices in the city of Joinville,
State of Santa Catarina and around the city of Belo Horizonte, State of Minas Gerais. As of December 31, 2017, as a result of these
administrative proceedings, no fine had been imposed to the subsidiary. Supported by the opinion of external legal counsel that
classified the probability of loss as &amp;#8220;remote&amp;#8221;, Management did not recognize a provision for this contingency as of
December 31, 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.2.4) On November 29, 2016, a
technical opinion was issued by the Operational Support Center for Execution (Centro de Apoio Operacional &amp;#224;
Execu&amp;#231;&amp;#227;o - CAEX), a technical body linked to the S&amp;#227;o Paulo State Public Prosecutor (&amp;#8220;MPE&amp;#8221;),
presenting a proposal of compensation for the alleged environmental damages caused by the fire on April 2&lt;sup&gt;nd&lt;/sup&gt;, 2015
at the Santos Terminal of the subsidiary Tequimar. This technical opinion is non-binding, with no condemnatory or sanctioning
nature, and will still be evaluated by the authorities and parties. The subsidiary disagrees with the methodology and the
assumptions adopted in the proposal and is negotiating an agreement with the MPE and the Brazilian Federal Public Prosecutor
(&amp;#8220;MPF&amp;#8221;), and currently there is no civil lawsuit filed on the matter. The negotiations relate to &lt;i&gt;in natura&lt;/i&gt;
repair of the any damages. In case of  adverse conclusion of the negotiations with the MPE and MPF, the payments related to
the project costs may affect the future Company&amp;#8217;s financial statements in addition to the amounts already recognized. In
addition, the MPF denounced the subsidiary Tequimar in the criminal sphere, which shall wait for the court summons in order
to take the necessary measures for its defense. For more information see Note 33.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;b.3) Contingent Liabilities for Labor Matters &lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have contingent
liabilities for labor matters in the amount of R$ 273,711, totaling 1,899 lawsuits as of December 31, 2017 (R$ 252,914, totaling
1,484 lawsuits as of December 31, 2016), mainly represented by:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;b.3.1) In 1990, the Petrochemical Industry Labor
Union (Sindiqu&amp;#237;mica), of which the employees of Oxiteno Nordeste and EMCA, companies located in the Cama&amp;#231;ari Petrochemical
Complex, are members, filed separate lawsuits against the subsidiaries demanding the compliance with the fourth section of the
collective labor agreement, which provided for a salary adjustment in lieu of the salary policies practiced. In the same year,
a collective labor dispute was also filed by the Union of Employers (SINPEQ) against Sindiqu&amp;#237;mica, requiring the recognition
of the loss of effectiveness of such fourth section. The decisions rendered on the individual claims which were favorable to the
subsidiaries Oxiteno Nordeste and EMCA are final and unappealable. The collective labor dispute remains pending trial by STF. In
2010, some companies in the Cama&amp;#231;ari Petrochemical Complex signed an agreement with Sindiqu&amp;#237;mica and reported the fact
in the collective labor dispute. In October 2015, Sindiqu&amp;#237;mica filed enforcement lawsuits against all Cama&amp;#231;ari Petrochemical
Complex companies that have not yet made settlements, including Oxiteno Nordeste and EMCA.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;i&gt;c.&amp;#160;&lt;/i&gt;Lubricants operation between IPP and Chevron&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In the process of  transaction of
the lubricants operation in Brazil between Chevron and subsidiary IPP (see Note 3.c), it was agreed that each shareholder  is
responsible for any claims arising out of acts, facts or omissions prior to the transaction. The liability provisions of the Chevron
shareholder in the amount of R$ 3,452 are reflected in the consolidation of these financial statements, as well as the
contingent liabilities identified in the date of acquisition, whose provision amount of R$ 198,900 was recognized as a
business combination on December 1, 2017. The amounts of provisions of Chevron's liability recognized in the business
combination will be reimbursed to subsidiary CBLSA in the event of losses and an indemnity asset was hereby constituted in
the same amount, without the need to establish a provision for uncollectible amounts.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfProvisionsExplanatory>
    <UGP:DisclosureOfDeferredRevenueExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The Company&amp;#8217;s subsidiaries have recognized the following deferred
revenue:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8216;am/pm&amp;#8217; and Jet Oil franchising upfront fee &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,620&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &amp;#8220;Km de Vantagens&amp;#8221;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,062&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &amp;#8220;Clube Extrafarma&amp;#8221;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,638&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,128&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,810&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,413&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,300&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;u&gt;Loyalty Programs&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Ipiranga has a loyalty program called
Km de Vantagens (www.kmdevantagens.com.br) under which registered customers are rewarded with points when they buy products at
Ipiranga service stations or at its partners. The customers may exchange these points, during the period of one year, for discounts
on products and services offered by Ipiranga and its partners. Points received by Ipiranga&amp;#8217;s customers that may be used with
the partner Multiplus Fidelidade and for discounts of fuel in Ipiranga&amp;#8217;s website (www.postoipiranganaweb.com.br) and discounted
from sales revenue.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Extrafarma has a loyalty program
called Clube Extrafarma (www.clubeextrafarma.com.br) under which registered customers are rewarded with points when they buy products
at its drugstore chain. The customers may exchange these points, during the period of six months, for discounts in products at
its drugstore chain, recharge credit on a mobile phone, and prizes offered by partners Multiplus Fidelidade and Ipiranga, through
Km de Vantagens. Points received by Extrafarma&amp;#8217;s customers are discounted from sales revenue.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Deferred revenue is estimated based on the fair
value of the points granted, considering the value of the prizes and the expected redemption of points. Deferred revenue is recognized
in profit or loss when the points are redeemed, on which occasion the costs incurred are also recognized. Deferred revenue of unredeemed
points is also recognized in profit or loss when the points expire.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;u&gt;Franchising Upfront Fee&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;am/pm is the convenience stores chain of the
Ipiranga service stations. Ipiranga ended 2017 with 2,414 stores (2,165 stores in 2016). Jet Oil is Ipiranga&amp;#8217;s lubricant-changing
and automotive service specialized network. Ipiranga ended 2017 with 1,735 stores (1,594 stores in 2016). The franchising upfront
fee received by Ipiranga is deferred and recognized in profit or loss on the straight-line accrual basis throughout the terms of
the agreements with the franchisees.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfDeferredRevenueExplanatory>
    <UGP:DisclosureOfSubscriptionWarrantsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Because of the association between the Company
and Extrafarma on January 31, 2014, 7 subscription warrants &amp;#8211; indemnification were issued, corresponding to up to 3,205,622
shares of the Company. The subscription warrants &amp;#8211; indemnification may be exercised beginning 2020 by the former shareholders
of Extrafarma and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent
liabilities related to the period prior to January 31, 2014. The subscription warrants &amp;#8211; indemnification&amp;#8217;s fair value
is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is
possible only from 2020, and they are not entitled to dividends until that date. In 2017, the subscription warrants &amp;#8211; indemnification
were represented by 2,415,848 shares and amounted to R$ 171,459 (as of December 31, 2016, they were represented by 2,394,825 and
totaled R$ 153,429). Due to the final adverse decision of some of these lawsuits, on December 31, 2017, the maximum number of shares
that could be issued related to the subscription warrants &amp;#8211; indemnification was up to 3,035,499 (3,059,579 shares as of December
31, 2016). For further information on Extrafarma&amp;#8217;s acquisition, see Note 3.a to the financial statements of the Company filed
on February 17, 2016.&lt;/p&gt;</UGP:DisclosureOfSubscriptionWarrantsExplanatory>
    <UGP:DisclosureOfStockholdersEquityExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Share Capital&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company is a publicly traded company listed
on B3 in the Novo Mercado listing segment under the ticker &amp;#8220;UGPA3&amp;#8221; and on the New York Stock Exchange (NYSE) in the
form of level III American Depositary Receipts (&amp;#8220;ADRs&amp;#8221;) under the ticker &amp;#8220;UGP&amp;#8221;. On December 31, 2017, the
subscribed and paid-in capital stock consists of 556,405,096 common shares with no par value and the issuance of preferred shares
and participation certificates is prohibited.&amp;#160;Each common share entitles its holder to one vote at Shareholders&amp;#8217; Meetings.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The price of the shares issued by the Company
as of December 31, 2017, on B3 was R$ 75.00.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;As of December 31, 2017, the Company is authorized
to increase capital up to the limit of 800,000,000 common shares, without amendment to the Bylaws, by resolution of the Board of
Directors.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;As of December 31, 2017, there were 28,935,260
common shares outstanding abroad in the form of ADRs (28,944,097 shares as of December 31, 2016).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Equity instrument granted&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On April 19, 2017, a new share-based incentive
plan was approved, which establishes the general terms and conditions for the concession of common shares issued by the Company
held in treasury (see Note 8.c).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;c.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Treasury Shares&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company acquired its own shares at market
prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;As of December 31, 2017, 13,041,356 common shares
(13,131,356 as of December 31, 2016) were held in the Company&amp;#8217;s treasury, acquired at an average cost of R$ 36.98 per share
(R$ 36.85 as of December 31, 2016).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;d.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Capital Reserve&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The capital reserve reflects the gain on the
transfer of shares at market price used in the Deferred Stock Plan granted to executives of the subsidiaries of the Company, as
mentioned in Note 8.c).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Because of Extrafarma&amp;#8217;s association in
2014, the Company recognized an increase in the capital reserves in the amount of R$ 498,812, due to the difference between the
value attributable to share capital and the market value of the Ultrapar shares on the date of issue, deducted by R$ 2,260 related
to the incurred costs directly attributable to issuing new shares.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;e.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Revaluation Reserve&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The revaluation reserve reflects the revaluation
of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well
as the tax effects recognized by these subsidiaries.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;f.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Profit Reserves&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;Legal Reserve&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Under Brazilian Corporate Law, the Company is
required to appropriate 5% of net annual earnings to a legal reserve, until the balance reaches 20% of capital stock. This reserve
may be used to increase capital or absorb losses, but may not be distributed as dividends.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;Retention of Profits&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Reserve recognized in previous fiscal years
and used for investments contemplated in a capital budget, mainly for expansion, productivity, and quality, acquisitions and new
investments, in accordance with Article 196 of Brazilian Corporate Law. In compliance with Article 199 of the Brazilian Corporate
Law, on April 19, 2017 the OEGM deliberated the excess of the profit reserves in relation to share capital, increasing the share
capital in the amount of R$ 1,333,066, related to the retained earnings reserve.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;Investments Reserve&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In compliance with Article 194 of the Brazilian
Corporate Law and Article 55.c) of the Bylaws this reserve is aimed to protect the integrity of the Company&amp;#8217;s assets and
to supplement its capital stock, in order to allow new investments to be made. As provided in its Bylaws, the Company may allocate
up to 45% of net income to the investments reserve, up to the limit of 100% of the share capital.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The investments reserve is free of distribution
restrictions and totaled R$ 3,130,935 as of December 31, 2017.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;g.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%; font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Valuation Adjustments and Cumulative Translation Adjustments &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;Valuation Adjustments&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Actuarial gains and losses relating to post-employment
benefits, calculated based on a valuation conducted by an independent actuary, are recognized in shareholders&amp;#8217; equity under
the title &amp;#8220;valuation adjustments&amp;#8221;. Actuarial gains and losses recorded in equity are not reclassified to profit or
loss in subsequent periods.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Gains and losses on the hedging instruments
of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recorded in shareholders&amp;#8217;
equity as &amp;#8220;valuation adjustments&amp;#8221;. Gains and losses are reclassified to initial cost of non-financial assets.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company recognizes in this item the effect
of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the
difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received
or paid and represents a transaction with shareholders.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;Cumulative Translation Adjustments&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The change in exchange rates on assets, liabilities,
and income of foreign subsidiaries that have (i) functional currency other than the presentation currency of the Company, (ii)
an independent administration and (iii) notes in the foreign market (see Note 31 - net investment hedge in foreign entities), is
directly recognized in the shareholders&amp;#8217; equity. This accumulated effect is reflected in profit or loss as a gain or loss
only in case of disposal or write-off of the investment.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Balance and changes in valuation adjustments
and cumulative translation adjustments of the Company are as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Valuation adjustments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;Fair value of cash flow hedging instruments
        &lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Fair value of financial instruments classified as available for sale&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Actuarial gains (losses) of post-employment benefits&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Non-controlling shareholders interest change&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cumulative translation adjustment &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on  12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;51&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,098&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,149&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Translation&amp;#160;of&amp;#160;foreign&amp;#160;subsidiaries,&amp;#160;net&amp;#160;of&amp;#160;income&amp;#160;tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,733&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,472&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial gains of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial gains&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,953&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,925&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Translation of foreign subsidiaries, net of income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59,406)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,470)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,523)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(47,993)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial losses of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,435)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,435)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(26,883)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,987)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,519&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 8.8pt; text-indent: -8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Translation of foreign subsidiaries, net of income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,542&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value of hedge instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial losses of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,658)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,658)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,581&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,581&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,364)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,181)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;159,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53,061&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;h.&amp;#160;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Dividends and Allocation of Net Income&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The shareholders are entitled, under the Bylaws,
to a minimum annual dividend of 50% of adjusted net income calculated in accordance with Brazilian Corporate Law. The dividends
and interest on equity in excess of the obligation established in the Bylaws are recognized in shareholders&amp;#8217; equity until
the Shareholders approve them. The proposed dividends payable as of December 31, 2016 in the amount of R$ 472,650 (R$ 0.87 &amp;#8211;
eighty seven cents of Brazilian Real per share), were approved by the Board of Directors on February 22, 2017, and paid beginning
March 10, 2017, being ratified at the OEGM on April 19, 2017. On August 9, 2017, the Board of Directors approved the anticipation
of dividends of 2017, in the amount of R$ 461,868 (R$ 0.85 &amp;#8211; eighty five cents of Brazilian Real per share), paid as from
August 25, 2017. The proposed dividends payable as of December 31, 2017 in the amount of R$ 489,027 (R$ 0.90 &amp;#8211; ninety cents
of Brazilian Real per share), were approved by the Board of Directors on February 21, 2018, and paid beginning March 12, 2018.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 78%; padding-right: 2.15pt; font: bold 12pt/110% Calibri, Helvetica, Sans-Serif"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 22%; padding-right: -6.2pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: -6.2pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Net income for the year attributable to shareholders of Ultrapar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Minimum mandatory dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;787,153&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Interim dividends paid (R$ 0.85 per share)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(461,868)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Mandatory dividends payable &amp;#8211; Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;325,285&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Additional dividends to the minimum mandatory dividends &amp;#8211;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;shareholders&amp;#8217; equity&lt;/p&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,742&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends payable (R$ 0.90 per share)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;489,027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Legal reserve&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Statutory investments reserve&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;544,695&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfStockholdersEquityExplanatory>
    <ifrs-full:DisclosureOfRevenueExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Gross revenue from sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,134,879&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,361,004&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,463,652&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Gross revenue from services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;728,590&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;621,823&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;568,556&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Sales taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,936,077)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,929,288) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,011,860)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Discounts and sales returns&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(927,557)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,305) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(360,777)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred revenue (see Note 21)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,587&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,721&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,297)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfRevenueExplanatory>
    <ifrs-full:DisclosureOfExpensesByNatureExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The Company presents its expenses by function in the consolidated
income statement and presents below its expenses by nature:&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: #DAEEF3; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="width: 62%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Raw materials and materials for use and consumption&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,521,652&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,173,511&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,763,793&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Personnel expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,231,556&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,042,985&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,950,776&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Freight and storage&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,117,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,077,552&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,134,388&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,175,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,103,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,002,647&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Advertising and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;192,441&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,336&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Services provided by third parties&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;351,227&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;318,746&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;255,750&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Lease of real estate and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,970&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143,677&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 1.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Other expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;410,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 1.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;359,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;343,237&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 3.3pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,197,620&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 3.3pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,440,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,771,604&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Classified as:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,735,781&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,342,723&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,933,702&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,885,311&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,651,501&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,516,561&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-bottom: 1.1pt; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,576,528&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 1.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,445,859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,321,341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-bottom: 3.3pt; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,197,620&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 3.3pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,440,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,771,604&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Research and development expenses are recognized
in the income statements and amounted to R$ 55,836 in 2017 (R$ 50,129 in 2016 and R$ 41,368 in 2015).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfExpensesByNatureExplanatory>
    <UGP:GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The gain or loss is determined as the difference
between the selling price and residual book value of the investment, property, plant, and equipment, or intangible asset disposed
of. In 2017, the loss was R$ 2,242 (loss of R$ 6,134 in 2016 and gain of R$ 27,276 in 2015), represented primarily from disposal
of property, plant, and equipment.&lt;/p&gt;</UGP:GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory>
    <ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 1%; font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 64%; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.15pt; font-size: 10pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Commercial partnerships &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,731&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,761&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,763&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Merchandising &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53,870&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,851&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,419&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,411&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,455&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 0pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Ultracargo &amp;#8211; fire accident in Santos &lt;sup&gt;(4)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,080)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76,443&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(92,192)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Reversal of provision &amp;#8211; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,152&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;TCC &amp;#8211; Cia. Ultragaz e Bahiana &lt;sup&gt;(5)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(85,819)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Compensation of undue use of Ultratecno brand&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Adjustment of working capital and net debt &amp;#8211; Extrafarma acquisition &lt;sup&gt;(6)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: left; text-indent: 12.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,506&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,616&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 2.15pt; text-align: justify; font-size: 8pt"&gt;Other operating income, net&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,584&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1) &lt;/sup&gt;Refers to contracts with service
providers and suppliers which establish trade agreements for convenience stores and gas stations.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(2) &lt;/sup&gt;Refers to contracts with suppliers
of convenience stores, which establish, among other agreements, promotional campaigns.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(3) &lt;/sup&gt;Refers to sales of &amp;#8220;Km
de Vantagens&amp;#8221; to partners of the loyalty program. Revenue is recognized at the time that the partners transfer the points
to their customers.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;&amp;#160;&lt;/sup&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(4) &lt;/sup&gt;For more information about the
fire accident in Ultracargo, see Note 33.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(5) &lt;/sup&gt;For more information about the
Cessation Commitment Agreement of the subsidiaries Cia. Ultragaz and Bahiana, see Notes 20.b.2.2 and 28.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(6) &lt;/sup&gt;For further information on Extrafarma&amp;#8217;s
acquisition, see Note 3.a. to the financial statements of the Company filed on February 17, 2016.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory>
    <UGP:DisclosureOfFinancialIncomeExpenseExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: bold 15pt/115% Times New Roman, Times, Serif; margin: 0; text-indent: 0in"&gt;&lt;font style="font-size: 10pt"&gt;&lt;/font&gt;&lt;font style="font: 7pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;
&lt;/font&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 59%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial income:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;475,460&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;404,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;341,739&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest from customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;103,976&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,374&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Other financial income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,316&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;585,101&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;513,243&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;426,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial expenses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on loans&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(672,102)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(777,424)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(666,791)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(385,009)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(374,125)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(308,290)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,991)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,839)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,023)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Bank charges, financial transactions tax, and other charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(91,614)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(74,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,966)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Exchange variation, net of gains and losses with derivative instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,869&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(69,854)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(71,384)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversal of provision &amp;#8211; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,411&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Changes in subscription warranty - indemnification (see Note 22) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,360)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(42,615)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,154)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;TCC monetary restatement &amp;#8211; Bahiana (see Notes 20.b.2.2 and 27) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13,509)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Monetary restatement of provisions, net, and other financial expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,908&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,201)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,159)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,059,397)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,355,819)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,129,767)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial income (expense)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(842,576)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,338)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfFinancialIncomeExpenseExplanatory>
    <ifrs-full:DisclosureOfEarningsPerShareExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below presents a reconciliation of
numerators and denominators used in computing earnings per share. The Company has a deferred stock plan and subscription warrants
- indemnification, as mentioned in Notes 8.c and 22, respectively.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Basic Earnings per Share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year of the Company&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,561,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,503,466&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding (in thousands)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,813&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,391&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Basic earnings per share &amp;#8211;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.9056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8844&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.7649&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Diluted Earnings per Share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year of the Company&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,561,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,503,466&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding (in thousands), including &lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;deferred stock plan and subscription warrants - indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;548,054&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Diluted earnings per share &amp;#8211;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8847&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8626&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.7433&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted Average Shares Outstanding (in thousands)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding for basic per share calculation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,813&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,391&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dilution effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Subscription warrants - indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,395&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,267&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,161&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Deferred Stock Plan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,532&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,851&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,118&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding for diluted per share calculation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;548,054&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfEarningsPerShareExplanatory>
    <ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Risk Management and Financial Instruments - Governance&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The main risks to which the Company and its
subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including,
but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are
addressed by the Company&amp;#8217;s management model. Economic/financial risks primarily reflect default of customers, behavior of
macroeconomic variables, such as exchange and interest rates, as well as the characteristics of the financial instruments used
by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies,
and the establishment of limits.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company has a  policy for the
management of resources, financial instruments, and risks approved by its Board of Directors (&amp;#8220;Policy&amp;#8221;). In accordance
with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure
financial resources for the development of the business, including expansions. The main financial risks considered in the Policy
are risks associated with currencies, interest rates, credit, and selection of financial instruments. Governance of the management
of financial risks and financial instruments follows the segregation of duties below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;Implementation&lt;/u&gt; of the management of financial assets, instruments, and risks is the responsibility of the financial area, through its treasury department, with the assistance of the tax and accounting departments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;Supervision and monitoring&lt;/u&gt; of compliance with the principles, guidelines, and standards of the Policy is the responsibility of the Risk and Investment Committee, which is composed of members of the Company&amp;#8217;s Executive Board (&amp;#8220;Committee&amp;#8221;). The Committee holds regular meetings and is in charge, among other responsibilities, of discussing and monitoring the financial strategies, existing exposures, and significant transactions involving investment, fundraising, or risk mitigation. The Committee monitors the risk standards established by the Policy through a monitoring map on a monthly basis.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;Changes&lt;/u&gt; in the Policy or &lt;u&gt;revisions&lt;/u&gt; of its standards are subject to the approval of the Board of Directors of Ultrapar.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;Continuous improvement&lt;/u&gt; of the Policy is the joint responsibility of the Board of Directors, the Committee, and the financial area.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;The internal audit department &lt;u&gt;audits&lt;/u&gt; the compliance with the requirements of the Policy.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Currency Risk&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Most transactions of the Company, through its
subsidiaries, are located in Brazil and, therefore, the reference currency for risk management is the Brazilian Real. Currency
risk management is guided by neutrality of currency exposures and considers the transactional, accounting, and operational risks
of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency
exposures the assets and liabilities in foreign currency and the short-term flow of net sales in foreign currency of Oxiteno.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries use exchange
rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect
their assets, liabilities, receipts, and disbursements in foreign currency and net investments in foreign operations. Hedge is
used in order to reduce the effects of changes in exchange rates on the Company&amp;#180;s income and cash flows in Brazilian Reais
within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially
equivalent to those of assets, liabilities, receipts, and disbursements in foreign currencies to which they are related. Assets
and liabilities in foreign currencies are stated below, translated into Brazilian Reais:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Assets and Liabilities in Foreign Currencies&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Assets in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;236.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;423.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;214.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;930.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;600.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,381.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,348.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liabilities in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing in foreign currency, gross of transaction costs and discount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,416.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,736.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables arising from imports, net of advances to foreign suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(57.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,589.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,793.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign currency hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,777.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,206.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,430.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,238.8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(26.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,404.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,263.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Sensitivity Analysis of Assets and Liabilities in Foreign Currency&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The table below shows the effect of exchange rate changes in different
scenarios, based on the net liability position of R$ 1,430.4 million in foreign currency:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 50%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;50%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(1) Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Real devaluation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(2) Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(140.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(351.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(702.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(1) + (2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(357.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(715.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(3) Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Real appreciation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(4) Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;351.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;702.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(3) + (4)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;357.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;715.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The shareholders&amp;#8217; equity effect refers to cumulative translation
adjustments of changes in the exchange rate on equity of foreign subsidiaries (see Notes 2.r and 23.g - Cumulative Translation
Adjustments), net investments hedge in foreign entities, cash flow hedge of firm commitment and highly probable transaction (see
Note 2.c and Hedge Accounting below).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Interest Rate Risk&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company
and its subsidiaries are primarily held in transactions linked to the CDI, as set forth in Note 4. Borrowings primarily relate
to financing from Banco do Brasil, BNDES, and other development agencies, as well as debentures and borrowings in foreign currency,
as shown in Note 14.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company attempts to maintain its financial
interest assets and liabilities at floating rates.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below shows the financial assets and
liabilities exposed to floating interest rates:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 68%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,153.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,174.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset position of foreign exchange hedging instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans and debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,987.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,862.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liability position of foreign exchange hedging instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,877.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,181.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liability position of fixed interest instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(586.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,446.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,003.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;TJLP&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans &amp;#8211;TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(301.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(404.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in TJLP&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(301.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(404.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LIBOR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset position of foreign exchange hedging instruments - LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,149.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans - LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,418.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,470.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in LIBOR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(434.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(320.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;TIIE&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans - TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in TIIE&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;SELIC&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans &amp;#8211; SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99.5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in SELIC&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99.5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total net liability position exposed to floating interest&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,286.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,837.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Sensitivity Analysis of Floating Interest Rate Risk&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below shows the incremental expenses
and income that would be recognized in financial income in 2017, due to the effect of floating interest rate changes in different
scenarios.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;For sensitivity analysis of floating interest
rate risk, the Company used the accumulated amount of the reference indexes (CDI, TJLP, LIBOR, TIIE and SELIC) as a base scenario
up to December 31, 2017. Scenarios I, II and III were based on of 10%, 25% and 50% variation, respectively, in the floating interest
rate of the base scenario:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 51%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;50%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Exposure of interest rate risk&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on cash equivalents and financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;118.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;236.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign exchange hedging instruments (assets in CDI) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.5pt; text-align: right; text-indent: -1pt"&gt;&lt;font style="font-size: 8pt"&gt;0.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(67.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(168.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(336.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest rate hedging instruments (liabilities in CDI) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(38.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(94.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(186.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(58.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(285.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign exchange hedging instruments (assets in LIBOR) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(8.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Credit Risks&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The financial instruments that would expose
the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and bank deposits, financial
investments, hedging instruments (see Note 4), and trade receivables (see Note 5).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Credit risk of financial institutions &lt;/u&gt;-
Such risk results from the inability of financial institutions to comply with their financial obligations to the Company and its
subsidiaries due to insolvency. The Company and its subsidiaries regularly conduct a credit review of the institutions with which
they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity,
solvency, leverage, portfolio quality, etc. Cash and cash equivalents, financial investments, and hedging instruments are held
only with institutions with a solid credit history, chosen for safety and soundness. The volume of cash and cash equivalents, financial
investments, and hedging instruments are subject to maximum limits by each institution and, therefore, require diversification
of counterparties.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Government credit risk&lt;/u&gt; - The Company's
policy allows investments in government securities from countries classified as investment grade AAA or Aaa by specialized credit
rating agencies and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each
country and, therefore, requires diversification of counterparties.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Customer credit risk &lt;/u&gt;- Such risks are
managed by each business unit through specific criteria for acceptance of customers and their credit rating and are additionally
mitigated by the diversification of sales. No single customer or group accounts for more than 10% of total revenue.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company maintained the following allowances
for doubtful accounts on trade receivables:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 79%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;238,697&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,252&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,034&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,804&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,755&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,856&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,922&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,449&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,172&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,971&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,580&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;233,332&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Liquidity Risk&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries&amp;#8217; main
sources of liquidity derive from (i)&amp;#160;cash, cash equivalents, and financial investments, (ii)&amp;#160;cash generated from operations
and (iii)&amp;#160;financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding
requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt, and payment of
dividends.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries periodically
examine opportunities for acquisitions and investments. They consider different types of investments, either directly, through
joint ventures, or through associated companies, and finance such investments using cash generated from operations, debt financing,
through capital increases, or through a combination of these methods.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries believe to
have enough working capital and sources of financing to satisfy their current needs. The gross indebtedness due over the next twelve
months totals R$ 3,809.9 million, including estimated interests on loans (for quantitative information, see Note 14). Furthermore,
the investment plan for 2018 totals R$ 2,676 million. As of December 31, 2017, the Company and its subsidiaries had R$ 6,285.5
million in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note 4).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below presents a summary of financial
liabilities as of December 31, 2017 to be settled by the Company and its subsidiaries, listed by maturity. The amounts disclosed
in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &amp;#8203;&amp;#8203;may be different from
the amounts disclosed on the balance sheet as of December 31, 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="3" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 43%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Less than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 3 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans including future contractual interest &lt;sup&gt;(1) (2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,571.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,809.9&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,514.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,968.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,279.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;422.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Trade payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1) &lt;/sup&gt;To calculate the estimated interest
on loans some macroeconomic assumptions were used, including averaging for the period the following: (i) CDI of 6.76% in 2018,
8.08% from 2019 to 2020, 9.63% from 2021 to 2022, 10.70% from 2023 to 2033, (ii) exchange rate of the Real against the U.S. dollar
of R$ 3.37 in 2018, R$ 3.53 in 2019, R$ 3.77 in 2020, R$ 4.05 in 2021, R$ 4.35 in 2022, R$ 4.66 in 2023, R$ 4.99 in 2024, R$ 5.35
in 2025, R$ 5.73 in 2026 and R$ 6.13 in 2027 (iii) TJLP of 6.75% p.a. and (iv) IGP-M of 4.38% in 2018, 4.13% in 2019, 4.0% from
2020 to 2033 (v) IPCA of 3.9% (source: B3, Bulletin Focus and financial institutions).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;sup&gt;(2)&lt;/sup&gt; Includes estimated interest payments on short-term
and long-term loans until the payment date.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(3) &lt;/sup&gt;The currency and interest rate
hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curves of DI x Pre and Pre x
IPCA contracts quoted on B3 on December 28, 2017 and on the futures curve of LIBOR (ICE - IntercontinentalExchange) on December
29, 2017. In the table above, only the hedging instruments with negative results at the time of settlement were considered.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Capital Management&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company manages its capital structure based
on indicators and benchmarks. The key performance indicators related to the capital structure management are the weighted average
cost of capital, net debt / EBITDA, interest coverage, and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents,
and financial investments (see Note 4) and loans, including debentures (see Note 14). The Company can change its capital structure
depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company
seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment
program.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Selection and Use of Financial Instruments&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In selecting financial investments and hedging
instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying
value and fair value, and a review is conducted of any documentation applicable to the financial instruments. The financial instruments
used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Policy contemplates the use of derivative
financial instruments only to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified
risk). The risks identified in the Policy are described in the above sections, and are subject to risk management. In accordance
with the Policy, the Company and its subsidiaries can use forward contracts, swaps, options, and futures contracts to manage identified
risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the
coverage of identified risks, the Company and its subsidiaries use the term &amp;#8220;hedging instruments&amp;#8221; to refer to derivative
financial instruments.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;As mentioned in the section &amp;#8220;Risk Management
and Financial Instruments &amp;#8211; Governance&amp;#8221;, the Committee monitors compliance with the risk standards established by the
Policy through a risk map, including the use of hedging instruments, on a monthly basis. In addition, the internal audit department
verifies the compliance with the requirements of the Policy.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The table below summarizes the position of hedging instruments entered
into by the Company and its subsidiaries:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Notional amount&lt;sup&gt;1&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Fair value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amounts receivable&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amounts payable &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Hedging instruments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;a &amp;#8211;Exchange&amp;#160;rate&amp;#160;swaps&amp;#160;receivable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in U.S. dollars (LIBOR)&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Jan 2018 to Oct 2026&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 300.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 350.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,149.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in U.S. dollars (Fixed)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 956.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 1,062.4 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;823.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,084.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;823.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in CDI interest rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (1,256.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (1,412.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,877.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,181.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,877.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(70.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,807.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,877.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;b &amp;#8211; &lt;font style="background-color: #DAEEF3"&gt;Exchange rate swaps payable in U.S. dollars + COUPON&lt;/font&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Jan 2018 to Apr 2018&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in CDI interest rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 9.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 8.5 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in U.S. dollars (Fixed)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (9.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (8.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(29.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;c &amp;#8211; Interest rate swaps in Brazilian Reais&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oct 2024&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in fixed interest rates + IPCA&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 566.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;- &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in CDI interest rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ (566.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(586.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;586.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;586.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total gross result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(73.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,420.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,493.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total net result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(77.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,415.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,493.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Positive result (see Note 4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85.8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Negative result (see Note 14)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(163.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(202.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1) &lt;/sup&gt;In million. Currency as indicated.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;All transactions mentioned above were properly
registered with CETIP S.A.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Hedging instruments existing as of December 31&lt;font style="color: #212121"&gt;,
2017 &lt;/font&gt;are described below, according to their category, risk, and hedging strategy:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;a - Hedging against foreign exchange
exposure of liabilities in foreign currency - The purpose of these contracts is (i) to offset the effect of the change in exchange
rates of debts or firm commitments in U.S. dollars by converting them into debts or firm commitments in Brazilian Reais linked
to CDI, (ii) firm commitments in U.S. dollars, changing them into debts or firm commitments in Reais indexed to the CDI and (iii)
change a financial investment linked to the CDI and given as a guarantee to a loan in the U.S. dollar into a financial investment
linked to the U.S. dollar. As of December 31&lt;font style="color: #212121"&gt;, 2017&lt;/font&gt;, the Company and its subsidiaries had outstanding
swap contracts totaling US$ 1,256.6 million in notional amount with a liability position, on average of 81.5% of CDI, of which
US$ 223.6 million, had an asset position at US$ + 1.17% p.a., US$ 300.0 million had an asset position at US$ + LIBOR + 1.29% p.a.
and US$ 733.0 million in interest rate swap with an asset position at US$ + 5.65% p.a. This amount includes US$ 320.0 million related
to the fair value of hedging instruments of Ipiranga&amp;#8217;s debt (see Notes 14.c and &amp;#8220;hedge accounting&amp;#8221; below) and
US$ 115.0 million related to hedging instruments of cash flow of firm commitment (see &amp;#8220;hedge accounting&amp;#8221; below).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;b - Hedging against foreign exchange
exposure of operations - The purpose of these contracts is to make the exchange rate of the revenues of subsidiaries Oleoqu&amp;#237;mica,
Oxiteno S.A. and Oxiteno Nordeste equal to the exchange rate of the cost of their main raw materials during their operating cycles.
As of December 31&lt;font style="color: #212121"&gt;, 2017&lt;/font&gt;, these swap contracts totaled US$ 9.1 million and, on average, had
an asset position at 57.4% of CDI and a liability position at US$ + 0.0% p.a.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;c - Hedging against fixed interest rate
+ IPCA in Brazilian Reais &amp;#8211; The purpose of this contract is to change fixed interest rate + IPCA of debentures issued in
Brazilian Reais to floating interest. As of December 31, 2017 this swap contract totaled R$ 566.1 million of notional amount, corresponding
to the principal amount of the debt and had an asset position at 4.55% p.a. + IPCA and a liability position at 95.2% of CDI.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Hedge Accounting&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries use derivative
and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness,
as well as the changes in their fair value.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Fair value hedge&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries designate as
fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on
the market value of financing contracted in Brazilian Reais and U.S. dollars.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On December 31&lt;font style="color: #212121"&gt;,
2017&lt;/font&gt;, the notional amount of foreign exchange hedging instruments designated as fair value hedge totaled US$ 320.0 million.
In &lt;font style="color: #212121"&gt;2017&lt;/font&gt;, a loss of R$ 143.4 million related to the result of hedging instruments, a gain of
R$ 16.5 million related to the fair value adjustment of debt, and a loss of R$ 4.1 million related to the financial expense of
the debt were recognized in the income statements, transforming the average effective cost of the operation into 102.7% of CDI
(see Note 14.c.1).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On December 31, 2017, the notional amount of
interest rate hedging instruments designated as fair value hedges totaled R$ 566.1 million. As of December 31, 2017, a loss of
R$ 3.3 million related to the result of hedging instruments, a gain of R$ 19.1 million related to the fair value adjustment of
debt, and a loss of R$ 18.5 million related to the financial expense of the debt were recognized in the income statements, transforming
the average effective cost of the operations into 95.2% of CDI.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;u&gt;Cash flow hedge&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212121"&gt;The Company and its subsidiaries
designate, as cash flow hedge of firm commitment and highly probable transactions, derivative financial instruments to hedge &amp;#34;firm
commitments&amp;#34; and non-derivative financial instruments to hedge &amp;#34;highly probable future transactions&amp;#34;, to hedge against
fluctuations arising from changes in exchange rate.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On December 31&lt;font style="color: #212121"&gt;,
2017&lt;/font&gt;, the notional amount of exchange rate hedging instruments of firm commitments designated as cash flow hedges totaled
US$ 115.0 million, and a loss of R$ 45.4 million was recognized in the income statement. On December 31&lt;font style="color: #212121"&gt;,
2017&lt;/font&gt;, the unrealized gain of &amp;#8220;Other comprehensive income&amp;#8221; is R$ 5.3 million (loss of R$ 13.8 million on December
31, 2016), net of deferred income and social contribution taxes.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"&gt;&lt;font style="color: #212121"&gt;On
December 31, 2017, the notional amount of foreign exchange hedging instruments for highly probable future transactions designated
as fair value hedge, related to notes in the foreign market totaled US$ 570.0 million. &lt;/font&gt;On December 31&lt;font style="color: #212121"&gt;,
2017&lt;/font&gt;, t&lt;font style="color: #212121"&gt;he unrealized loss of &amp;#8220;Other comprehensive income&amp;#8221; is R$ 30.5 million (loss
of R$ 12.1 million on December 31, 2016), net of deferred income and social contribution taxes.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"&gt;&lt;u&gt;Net investment hedge
in foreign entities&lt;/u&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"&gt;The
Company and its subsidiaries designate, as net investment hedge in foreign entities, notes in the foreign market, for hedging net
investment in foreign entities, to offset changes in exchange rates.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;&lt;font style="color: #212121"&gt;On December
31, 2017, the balance of foreign exchange hedging instruments designated as net investments hedge in foreign entities, related
to part of the investments made in entities which functional currency is other than the Brazilian Real, totaled US$ 113.0 million.
&lt;/font&gt;On December 31&lt;font style="color: #212121"&gt;, 2017&lt;/font&gt;, t&lt;font style="color: #212121"&gt;he unrealized loss of &amp;#8220;Other
comprehensive income&amp;#8221; is R$ 6.2 million (loss of R$ 2.8 million on December 31, 2016), net of deferred income and social
contribution taxes. The effects of exchange rate changes on investments and hedging instruments were offset in shareholders' equity.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;u&gt;Gains (losses) on Hedging Instruments&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The following tables summarize the value of
gains (losses) recognized, which affected the shareholders&amp;#8217; equity of the Company and its subsidiaries:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;d &amp;#8211; Non-derivative financial instruments (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(104.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(157.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(177.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13.8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.2&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;d &amp;#8211; Non-derivative financial instruments (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(28.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(196.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(28.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 72%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(144.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(25.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(i) Does not consider the effect of exchange
rate variation of exchange swaps receivable in U.S. dollars when this effect is offset in the gain or loss of the hedged item (debt/firm
commitments).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(ii) Considers the designation effect of foreign
exchange hedging.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(iii) Considers the designation effect of interest
rate hedging in Brazilian Reais.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(iv) Considers the results of notes in the foreign
market.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Fair Value of Financial Instruments&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The fair values and the carrying values of the financial instruments,
including currency and interest rate hedging instruments, are stated below:&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 38%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 18%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 5%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Carrying value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Fair &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;value&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Carrying value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Fair &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;value&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and bank deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income
    securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 14.2pt; font-size: 12pt; text-align: left; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 7.1pt"&gt;Currency and interest rate
        hedging&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 7.1pt"&gt;instruments&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;14&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,740,872&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,761,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,990,269&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,881,085&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,035,247&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,881&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging&amp;#160;instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;14&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,762,053&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784,913&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,570,559&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,461,409&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;The fair value of financial instruments, including currency
and interest hedging instruments, was determined as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 6%"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 94%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;The fair value of cash and bank deposit balances are identical to their carrying values.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in investment funds are valued at the value of the fund unit as of the date of the financial statements, which corresponds to their fair value.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in CDBs (Bank Certificates of Deposit) and similar investments offer daily liquidity through repurchase at the &amp;#8220;yield curve&amp;#8221; and, therefore, the Company believes their fair value corresponds to their carrying value.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&amp;#8226;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The fair value of trade receivables and trade
    payables are approximate to their carrying values.&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 32.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The subscription warrants &amp;#8211;
        indemnification were measured based on the share price of Ultrapar (UGPA3) at the financial statements date and are adjusted
        to the Company&amp;#8217;s dividend yield, since the exercise is only possible starting in 2020 onwards and they are not entitled
        to dividends until then. The number of shares of subscription warrants &amp;#8211; indemnification is also adjusted according to
        the changes in the amounts of provision for tax, civil, and labor risks and contingent liabilities related to the period
        prior to January 31, 2014. (See Note 22).&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;The fair value calculation of notes in the foreign
    market (see Note 14.b) is based on the quoted price in an active market.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The fair value of other financial investments
and financing was determined using calculation methodologies commonly used for mark-to-market reporting, which consist of calculating
future cash flows associated with each instrument adopted and adjusting them to present value at the market rates as of December
31, 2017 and 2016. For some cases where there is no active market for the financial instrument, the Company and its subsidiaries
can use quotes provided by the transaction counterparties.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The interpretation of market information on
the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed
appropriate to each situation. Consequently, the estimates presented do not necessary indicate the amounts that may be realizable
in the current market.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Financial instruments were classified as loans
and receivables or financial liabilities measured at amortized cost, except (i) all exchange rate and interest rate hedging instruments,
which are measured at fair value through profit or loss, (ii) financial investments classified as measured at fair value through
profit or loss, (iii) financial investments that are classified as available for sale, which are measured at fair value through
other comprehensive income (see Note 4), (iv) loans and financing measured at fair value through profit or loss (see Note 14),
(v) guarantees to customers that have vendor arrangements (see Note 14.k), which are measured at fair value through profit or loss,
and (vi) subscription warrants &amp;#8211; indemnification, which are measured at fair value through profit or loss (see Note 22).
The financial investments classified as held-to-maturity are measured at amortized cost. Cash, banks, and trade receivables are
classified as loans and receivables. Trade payables and other payables are classified as financial liabilities measured at amortized
cost.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;br style="clear: both" /&gt;
&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Fair Value Hierarchy of Financial Instruments&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The financial instruments are classified in the following categories:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(a)&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Level 1 - prices negotiated (without adjustment) in active markets for identical assets or liabilities;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(b)&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Level 2 - inputs other than prices negotiated in active markets included in Level 1 and observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;(c)&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Level 3 - inputs for the asset or liability which are not based on observable market variables (unobservable inputs).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The table below shows a summary of the financial assets and financial
liabilities measured at fair value in the Company&amp;#8217;s and its subsidiaries:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 40%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and banks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,556&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;88,575&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,195,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;174,328&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,761,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,523,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,238,264&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784,913&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,523,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,261,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and banks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,167&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,608&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,480,783&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;221,066&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,881,085&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,338,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,542,165&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,461,409&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,338,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,122,489&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1)&lt;/sup&gt; Refers to subscription warrants
issued by the Company in the Extrafarma acquisition.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The fair value of trade receivables and trade payables are classified as level 2.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Sensitivity Analysis&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries use derivative
financial instruments only to hedge against identified risks and in amounts consistent with the risk (limited to 100% of the identified
risk). Thus, for purposes of sensitivity analysis of market risks associated with financial instruments, the Company analyzes the
hedging instrument and the hedged item together, as shown on the charts below.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;For the sensitivity analysis of foreign exchange
hedging instruments, management adopted as a likely scenario the Real/U.S. dollar exchange rates at maturity of each swap, projected
by U.S dollar futures contracts quoted on B3 as of December 28, 2017. As a reference, the exchange rate for the last maturity of
foreign exchange hedging instruments is R$ 5.83 in the likely scenario. Scenarios II and III were estimated with a 25% and 50%
additional appreciation or depreciation of the Brazilian Real against the likely scenario, according to the risk to which the hedged
item is exposed.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Based on the balances of the hedging instruments
and hedged items as of December 29, 2017, the exchange rates were replaced, and the changes between the new balance in Brazilian
Reais and the original balance in Brazilian Reais as of December 29, 2017 were calculated in each of the three scenarios. The table
below shows the change in the values of the main derivative instruments and their hedged items, considering the changes in the
exchange rate in the different scenarios:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I (likely)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Currency swaps receivable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(1) U.S. Dollar / Real swaps&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,138&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;690,432&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,182,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(2) Debts/firm commitments in dollars&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;appreciation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(198,130)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(690,415)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,182,700)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(1)+(2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Currency swaps payable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(3) Real / U.S. Dollar swaps&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(97)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,486&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(4) Gross margin of Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;devaluation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;97&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,486)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,069)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(3)+(4)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;For sensitivity analysis of hedging instruments
for interest rates in Brazilian Reais, the Company used the futures curve of the DI x Pre contract quoted on B3 as of December
28, 2017 for each of the swap and debt (hedged item) maturities, to determine the likely scenarios. Scenarios II and III were estimated
based on a 25% and 50% deterioration, respectively, of the likely scenario pre-fixed interest rate.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Based on the three scenarios of interest rates
in Brazilian Reais, the Company estimated the values of its debt and hedging instruments according to the risk which is being hedged
(variations in the pre-fixed interest rates in Brazilian Reais), by projecting them to future value at the contracted rates and
bringing them to present value at the interest rates of the estimated scenarios. The result are shown in the table below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Risk&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I (likely)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Interest rate swap (in Brazilian Reais) &amp;#8211; Debentures - CRA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;(1) Fixed rate swap - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Decrease in&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;95,292&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;192,204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;(2) Fixed rate debt&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Pre-fixed rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13,691)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(95,292)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(192,204)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;(1) + (2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Net effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;</ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory>
    <ifrs-full:DisclosureOfCommitmentsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Contracts&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Tequimar has agreements with CODEBA
and Complexo Industrial Portu&amp;#225;rio Governador Eraldo Gueiros, in connection with its port facilities in Aratu and Suape, respectively.
Such agreements establish a minimum cargo movement of products, as shown below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 23%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Port&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Minimum movement in tons per year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 29%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Aratu &lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;397,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Aratu&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;900,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Suape&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;250,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Suape&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;400,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2029&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;If the annual movement is less than the minimum
contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual
movement, based on the port tariff rates in effect on the date established for payment. As of December 2017, these rates were R$
6.99 per ton for Aratu and R$ 2.90 per ton for Suape. The subsidiary has met the minimum cargo movement required since the beginning
of the contractual agreements.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Oxiteno Nordeste has a supply agreement
with Braskem S.A. which establishes a minimum annually consumption level of ethylene, and conditions for the supply of ethylene
until 2021. The minimum purchase commitment clause provided for a minimum annual consumption of 205 thousand tons in 2017. Should
the minimum purchase commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the
quantity not purchased. According to contractual conditions and tolerances, there are no material issues regarding the minimum
purchase commitment.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiary Oxiteno S.A. has a supply agreement
with Braskem S.A., valid until 2023, which establishes and regulates the conditions for supply of ethylene to Oxiteno based on
the international market for this product. The minimum purchase is 22,050 tons of ethylene semiannually. Should the minimum purchase
commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the quantity not purchased.
According to contractual conditions and tolerances, there are no material issues regarding the minimum purchase commitment.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 4%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;b.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 96%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Insurance Coverage in Subsidiaries&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company maintains insurance
policies with the objective of covering several risks to which it is exposed, including loss of profits, losses and damage from
fire, lightning, explosion of any kind, gale, aircraft crash, electric damage, and other risks, covering the industrial plants
and distribution bases and branches of all subsidiaries. The maximum compensation values based on the risk analysis of possible losses of certain locations are shown below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 60%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maximum compensation value (*)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 1,142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 924&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 740&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 150&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;(*) In millions. In accordance with policy conditions.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The General Liability Insurance program covers
the Company and its subsidiaries with a maximum aggregate coverage of US$ 400 million against losses caused to third parties as
a result of accidents related to commercial and industrial operations and/or distribution and sale of products and services.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company maintains liability insurance policies
for directors and executive officers (D&amp;#38;O) to indemnify the members of the Board of Directors, fiscal council and executive
officers of Ultrapar and its subsidiaries (&amp;#8220;Insured&amp;#8221;) in the total amount of US$ 80 million, which cover any of the
Insured liabilities resulting from wrongful acts, including any act or omission committed or attempted, except if the act, omission
or the claim is consequence of gross negligence or willful misconduct.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In addition, group life and personal accident,
health and national and international transportation and other insurance policies are also maintained.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The coverage and limit of the insurance policies
are based on a careful study of risks and losses conducted by independent insurance advisors. The type of insurance is considered
by management to be sufficient to cover potential losses based on the nature of the business conducted by the companies.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 5%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;c.&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 95%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;i&gt;Operating Lease Contracts&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Subsidiaries Cia. Ultragaz, Bahiana, Tequimar,
Serma, and Oxiteno S.A. have operating lease contracts for the use of IT equipment. These contracts have terms from 36 to 48 months.
The subsidiaries have the option to purchase the assets at a price equal to the fair market price on the date of option, and management
does not intend to exercise such option. Subsidiaries Cia. Ultragaz and Bahiana have operating lease contracts related to vehicles
in their fleet. These contracts have terms of 24 to 60 months and there is no purchase option. The future disbursements (installments),
assumed under these contracts, amount approximately to:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Up to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;62,832&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101,153&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The subsidiaries IPP, Extrafarma, and Cia. Ultragaz
have operating lease contracts related to land and building of service stations, drugstores, and stores, respectively. The future
disbursements and receipts (installments), arising from these contracts, amount approximately to:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 29%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Up to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;payable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;167,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;530,744&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;444,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,143,059&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;receivable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60,705)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(178,696)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(128,307)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(367,708)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The expense recognized in 2017 for operating
leases was R$ 160,465 (R$ 101,330 in 2016 and R$ 100,522 in 2015), net of sublease income.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DisclosureOfCommitmentsExplanatory>
    <UGP:DisclosureOfUltracargoFireAccidentExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In April 2015, a fire occurred in six ethanol
and gasoline tanks operated by Ultracargo in Santos, which represented 4% of the subsidiary&amp;#8217;s overall capacity as of December
31, 2014. The Civil and Federal Police investigated the accident and its impacts, and concluded that it is not possible to determine
the cause of the accident and neither to individualize active or passive conduct related to the cause, and there was no criminal
charge against either individual or the subsidiary, by both authorities. Notwithstanding that, the Brazilian Federal Public Prosecutor
denounced the subsidiary Tequimar in the criminal sphere, which shall wait for the court summons in order to take the necessary
measures for its defense.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The decommissioning stage of the affected area
were completed. In June 2017, the licensing required for the return to operation of 67.5 thousands cubic meters from the total
of 150 thousands cubic meters affected by the fire was obtained. The remaining tanks continue to be paralyzed and in the process
of recovery for subsequent licensing and start of operation.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;As of December 31, 2016, the insurance receivable
in the amount of R$ 366,678 and indemnities to customers and third parties in the amount of R$ 99,863 were recognized. In the first
quarter of 2017, Ultracargo received the full amount from the insurers. As of December 31, 2017, the indemnities to customers and
third parties remaining amount is R$ 72,216. In addition, as of December 31, 2017, there are contingent liabilities not recognized
related to lawsuits and extrajudicial lawsuits in the amount of R$ 88,075 and R$ 25,852 (R$ 96,408 and R$ 16,637 as of December
31, 2016), respectively.&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfUltracargoFireAccidentExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Revenue is measured at the fair value of the
consideration received or receivable, net of sales returns, discounts, and other deductions, if applicable.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Revenue from sales of fuels and lubricants is
recognized when the products are delivered to gas stations and to large consumers. Revenue from sales of LPG is recognized when
the products are delivered to customers at home, to independent dealers and to industrial and commercial customers. Revenue from
sales of pharmaceuticals is recognized when the products are delivered to end user customers in own drugstores and when the products
are delivered to independent resellers. Revenue from sales of chemical products is recognized when the products are delivered to
industrial customers, depending of the freight mode of delivery. The revenue provided from storage services is recognized as services
are performed. Costs of products sold and services provided include goods (mainly fuels, lubricants, LPG, and pharmaceutical products),
raw materials (chemicals and petrochemicals) and production, distribution, storage, and filling costs.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue>
    <ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Includes cash, banks deposits, and short-term,
highly-liquid investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of
change in value. See Note 4 for further details on cash and cash equivalents of the Company and its subsidiaries.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents>
    <ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In accordance with International Accounting
Standards (&amp;#8220;IAS&amp;#8221;) 32, IAS 39, and IFRS 7, the financial assets of the Company and its subsidiaries are classified in
accordance with the following categories:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss: financial assets held
for trading, that is, acquired or incurred principally for the purpose of selling or repurchasing in the near term, and derivatives.
The balances are stated at fair value. The interest earned, the exchange variation, and changes in fair value are recognized in
profit or loss.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity: non-derivative financial assets with fixed or determinable
payments, and fixed maturities for which the entity has the positive intention and ability to hold to maturity. The interest earned
and the foreign currency exchange variation are recognized in profit or loss, and balances are stated at acquisition cost plus
the interest earned, using the effective interest rate method.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale: non-derivative financial assets that are designated
as available for sale or that are not classified into other categories at initial recognition. The balances are stated at fair
value, and the interest earned and the foreign currency exchange variation are recognized in profit or loss. Differences between
fair value and acquisition cost plus the interest earned are recognized in other comprehensive income in the &amp;#8220;Valuation adjustments&amp;#8221;.
Accumulated gains and losses recognized in shareholders&amp;#8217; equity are reclassified to profit or loss in case of prepayment.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables: non-derivative financial assets with fixed
or determinable payments or receipts, not quoted in an active market, except: (i) those which the entity intends to sell immediately
or in the near term and which the entity classified as measured at fair value through profit or loss; (ii) those classified as
available for sale; or (iii) those for which the Company may not recover substantially all of its initial investment for reasons
other than credit deterioration. The interest earned and the foreign currency exchange variation are recognized in profit or loss.
The balances are stated at acquisition cost plus interest, using the effective interest rate method. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;The Company and its subsidiaries
use financial instruments for hedging purposes, applying the concepts described below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Hedge accounting - fair value hedge: financial instruments used to
hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity&amp;#8217;s
profit or loss. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged
item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to
be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedge item is also measured
at fair value. Gains and losses from hedge instruments and hedge items are recognized in profit or loss. The hedge accounting must
be discontinued when the hedge becomes ineffective.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Hedge accounting - cash flow hedge: financial instruments used to
hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly
probable transaction or firm commitment that may affect the income statements. The portion of the gain or loss on the hedging instrument
that is determined to be effective relating to the effects of exchange rate effect, is recognized directly in equity in accumulated
other comprehensive income as &amp;#8220;Valuation adjustments&amp;#8221; while the ineffective portion is recognized in profit or loss.
Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in
accumulated other comprehensive income shall be recognized in profit or loss in the period in which the hedged item is recognized
in profit or loss or as initial cost of non- financial assets, in the same line of the statement that the hedged item is recognized.
The hedge accounting shall be discontinued when (i) the Company cancels the hedging relationship; (ii) the hedging instrument expires;
and (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses
recognized in other comprehensive income in equity are reclassified to profit or loss in the period which the hedged item is recognized
in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses in other
comprehensive income in equity shall be recognized immediately in profit or loss.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0"&gt;&lt;/td&gt;&lt;td style="width: 14.2pt"&gt;&lt;font style="font: 8pt Symbol"&gt;&amp;#183;&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Hedge accounting - hedge of net investments in foreign operation:
financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional
currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that
is determined to be effective, referring to the exchange rate effect, is recognized directly in equity in accumulated other comprehensive
income as cumulative translation adjustments, while the ineffective portion and the operating costs are recognized in profit or
loss. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall
be recognized in income upon disposal of the foreign operation.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;For further detail on financial instruments
of the Company and its subsidiaries, see Note 31.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Trade receivables are recognized at the amount
invoiced. An allowance
for doubtful accounts is recorded based on estimated losses and is set at an amount deemed by management to be sufficient to cover
any probable loss on realization of trade receivables (see Notes 5 and 31 - Customer Credit Risk).&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Inventories are stated at the lower of acquisition
cost or net realizable value (see Note 6). The cost value of inventory is measured using the weighted average cost and includes
the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production.
Estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable
direct selling expenses. Subsequent events related to the fluctuation of prices and costs are also considered, if relevant. If
net realizable values are below inventory costs, a provision corresponding to this difference is recognized. Provisions are also
made for obsolescence of products, materials, or supplies that (i) do not meet its subsidiaries&amp;#8217; specifications, (ii) have
exceeded their expiration date, or (iii) are considered slow-moving inventory. This classification is made by management with the
support of its industrial and operations teams.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories>
    <ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Investments in associates and joint ventures
are accounted for under the equity method of accounting in the consolidated financial statements (see Note 11).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;An associate is an investment, in which an investor
has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does
not exercise control.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;A joint venture is an investment in which the
shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement which establish that decisions
about the relevant activities of the investee require the consent from the parties that share control.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Other investments are stated at acquisition
cost less provision for losses, unless the loss is considered temporary.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates>
    <ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Property, plant, and equipment is recognized
at acquisition or construction cost, including financial charges incurred on property, plant, and equipment under construction
(see Note 12), as well as maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission,
or to restore assets (see Notes 2.m and 19), less accumulated depreciation and, when applicable, less provision for losses.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Depreciation is calculated using the straight-line
method, over the periods mentioned in Note 12, taking into account the estimated useful lives of the assets, which are reviewed
annually.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Leasehold improvements are depreciated over
the shorter of the lease contract term and useful life of the property.&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;Finance Leases&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Certain lease contracts transfer substantially
all the risks and benefits associated with the ownership of an asset to the subsidiaries. These contracts are characterized as
finance leases, and assets thereunder are capitalized at lease commencement at their fair value or, if lower, present value of
the minimum lease payments under the contracts. The items recognized as assets are depreciated and amortized using the lower of
the straight-line method over the lower of the useful lives applicable to each group of assets or the contract terms, as mentioned
in Notes 12 and 13. Financial charges under the finance lease contracts are allocated to profit or loss over the lease contract
term, based on the amortized cost and the effective interest rate method of the related lease obligation (see Note 14.i).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;Operating Leases&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;There are lease transactions where the risks
and benefits associated with the ownership of the asset are not transferred and where there is no purchase option, or the purchase
option at the end of the contract is equivalent to the market value of the leased asset. Payments made under an operating lease
contract are recognized as cost or expense in the income statement on a straight-line basis over the term of the lease contract
(see Note 32.c).&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Intangible assets include assets acquired by
the Company and its subsidiaries from third parties, according to the criteria below (see Note 13):&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 97%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill is carried net of accumulated amortization as of December 31, 2008, when it ceased to be amortized. Goodwill generated since January 1, 2009 is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identified assets and liabilities assumed of the acquired entity. Goodwill is tested annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored by the Company for impairment testing purposes (see Note 13.i).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Exclusive rights disbursements as provided in Ipiranga&amp;#8217;s agreements with reseller service stations and major consumers are recognized as distribution rights when paid and amortized according to the conditions established in the agreements (see Note 13.v).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note 13, taking into account their useful life, which is reviewed annually.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have not recognized
intangible assets that were generated internally. The Company and its subsidiaries have goodwill and brands acquired in business
combinations, which are evaluated as intangible assets with indefinite useful life (see Note 13 items i and vi).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory>
    <UGP:DescriptionOfAccountingPolicyForOtherAssetsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;Other assets are stated at the lower
of cost and realizable value, including, if applicable, interest earned, monetary changes and changes in exchange rates incurred
or less a provision for loss and, if applicable, adjustment to present value (see Note 2.u).&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForOtherAssetsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries&amp;#8217; financial
liabilities include trade payables and other payables, loans, debentures, finance leases and derivative financial instruments.
Financial liabilities are classified as &amp;#8220;financial liabilities at fair value through profit or loss&amp;#8221; or &amp;#8220;financial
liabilities at amortized cost&amp;#8221;. The financial liabilities at fair value through profit or loss refer to derivative financial
instruments, subscription warrants, and financial liabilities designated as hedged items in a fair value hedge relationship upon
initial recognition (see Note 2.c &amp;#8211; Fair Value Hedge). The financial liabilities at amortized cost are stated at the initial
transaction amount plus related charges and net of amortization and transaction costs. The charges are recognized in profit or
loss using the effective interest rate method.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Transaction costs incurred and directly attributable
to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures
and other debt, are allocated to the instrument and amortized to profit or loss over its term,&amp;#160;using the effective interest
rate method (see Note 14.j).&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Current and deferred income tax (&amp;#8220;IRPJ&amp;#8221;)
and social contribution on net income tax (&amp;#8220;CSLL&amp;#8221;) are calculated based on their current rates,&amp;#160;considering the
value of tax incentives. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last
day of the financial statements. The current rates in Brazil are 25% for income tax and 9% for social contribution on net income
tax. For further details about recognition and realization of IRPJ and CSLL, see Note 9.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;For purposes of disclosure, deferred tax assets
were offset against the deferred tax liability, income tax and social contribution, in the same taxable entity and the same taxation
authority.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory>
    <UGP:DescriptionOfAccountingPolicyForOtherProvisionsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have the legal
obligation to remove Ipiranga&amp;#8217;s underground fuel tanks located at Ipiranga-branded service stations after a certain period.
The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when the tanks are installed. The
estimated cost is recognized in property, plant, and equipment and depreciated over the respective useful lives of the tanks. The
amounts recognized as a liability are monetarily restated using the National Consumer Price Index (&amp;#8220;IPCA&amp;#8221;) until the
respective tank is removed (see Note 19). An increase in the estimated cost of the obligation to remove the tanks could result
in negative impact in future results. The estimated removal cost is reviewed and updated annually or when there is significant
change in its amount and change in the estimated costs are recognized in income statements when they become known.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForOtherProvisionsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;A provision for tax, civil and labor risks is
recognized for quantifiable risks, when the chance of loss is more-likely-than-not in the opinion of management and internal and
external legal counsel, and the amounts are recognized based on the evaluation of the outcomes of the legal proceedings (see Note
20).&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Post-employment benefits granted and to be granted
to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary and reviewed by
management, using the projected unit credit method (see Note 18.b). The actuarial gains and losses are recognized in cumulative
other comprehensive income in the &amp;#8220;Valuation adjustments&amp;#8221; and presented in the statement of shareholders&amp;#8217; equity.
&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Other liabilities are stated at known or measurable amounts plus,
if applicable, related charges, monetary restatement, and changes in exchange rates incurred. When applicable, other liabilities
are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory>
    <UGP:DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Foreign currency transactions carried out by
the Company or its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each
transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange
rate at the date of the reporting period. The effect of the difference between those exchange rates is recognized in profit or
loss until the conclusion of each transaction.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Assets and liabilities of the foreign subsidiaries,
denominated in currencies other than that of the Company (functional currency: Brazilian Real), which have administrative autonomy,
are translated using the exchange rate at the end of the reporting year. Revenues and expenses are translated using the average
exchange rate of each year and shareholders&amp;#8217; equity is translated at the historical exchange rate of each transaction affecting
shareholders&amp;#8217; equity. Gains and losses resulting from changes in these foreign investments are directly recognized in shareholders&amp;#8217;
equity in cumulative other comprehensive income in the &amp;#8220;cumulative translation adjustments&amp;#8221; and will be recognized
in profit or loss if these investments are disposed of. The balance in cumulative other comprehensive income and presented in the
shareholders&amp;#8217; equity as cumulative translation adjustments in 2017 was a gain of R$ 53,061 (gain of R$ 7,519 in 2016) - see
Note 23.g - Cumulative Translation Adjustments.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The foreign subsidiaries with functional currency
different from the Company and which have administrative autonomy are listed below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 39%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Subsidiary&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 19%; padding-left: 69.3pt; text-indent: -59.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Functional currency&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Location&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno M&amp;#233;xico S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno Servicios Corporativos S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno Servicios Industriales de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno USA LLC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;U.S. Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;United States&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Uruguay S.A. (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;U.S. Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Andina, C.A. (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Bolivar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt"&gt;(i) The subsidiary Oxiteno Uruguay S.A. (&amp;#8220;Oxiteno
Uruguay&amp;#8221;) determined its functional currency as the U.S. dollar (&amp;#8220;US$&amp;#8221;), as its inventory sales, purchases of
raw material inputs, and financing activities are performed substantially in this currency.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;(ii) According the definition and
general guidance of IAS 29, the characteristics of the economic environment of Venezuela indicate that this country is a hyperinflationary
economy. As a result, the financial information of Oxiteno Andina, C.A. (&amp;#8220;Oxiteno Andina&amp;#8221;) was adjusted by the Venezuelan
Consumer Price Index.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;On May 19, 2017, the Venezuelan Central
Bank issued Foreign Exchange Regulation No. 38, altering the Venezuelan foreign exchange markets and regulating the legally recognized
types of exchange rates:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"&gt;a) DIPRO - &lt;i&gt;Tipo de Cambio Protegido&lt;/i&gt;
(Exchange Protected): Bolivar (&amp;#8220;VEF&amp;#8221;) is traded at an exchange rate of 9.975 VEF/US$ for purchase and 10.00 VEF/US$
for sale. This rate is applied to importation of essential goods (medicines and food) and raw materials and inputs related to the
production of these sectors, which transactions are channeled through CENCOEX - &lt;i&gt;Centro Nacional de Comercio Exterior en Venezuela&lt;/i&gt;;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"&gt;b) DICOM - &lt;i&gt;Tipo de Cambio Complementario
Flotante de Mercado Supplemental &lt;/i&gt;(Floating Market Exchange): Bolivar was traded at the variable exchange rate of 3,345.00 VEF/US$
for sale and 3,336.64 VEF/US$ for purchase in the last auction of 2017. This rate is applied to all unforeseen currency settlement
transactions not expressly set forth in the Foreign Exchange Regulation, which transactions are processed through alternative currency
markets.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"&gt;Due to the political and economic
situation in Venezuela, the Company&amp;#8217;s management uses the DICOM exchange rate in the translation.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"&gt;Assets and liabilities of the other foreign
subsidiaries, which do not have administrative autonomy, are considered an extension of the activities of their parent company
and are translated using the exchange rate at the end of the reporting period. Gains and losses resulting from changes in these
foreign investments are directly recognized as financial income or loss. The gain recognized in income in 2017 amounted to R$ 7,368
(R$ 3,425 gain in 2016 and R$ 6,243 gain in 2015).&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The preparation of the financial statements
requires the use of estimates, assumptions, and judgments for the accounting of certain assets, liabilities, and income. Therefore,
the Company&amp;#8217;s and subsidiaries&amp;#8217; management use the best information available at the time of preparation of the financial
statements, as well as the experience of past and current events, also considering assumptions regarding future events. The financial
statements therefore include estimates, assumptions, and judgments related mainly to determining the fair value of financial instruments
(Notes 2.c, 2.k, 4, 14 and 31), the determination of the allowance for doubtful accounts (Notes 2.d, 5 and 31), the determination
of provisions for losses of inventories (Notes 2.e and 6), the determination of deferred income taxes amounts (Notes 2.l and 9),
the determination of control in subsidiaries (Notes 2.r and 3), the determination of joint control in joint venture (Notes 2.f
and 11.a), the determination of significant influence in associates (Notes 2.f and 11.b), the determination of exchange rate used
to translation of Oxiteno Andina&amp;#8217; information (Note 2.r), the useful lives of property, plant, and equipment (Notes 2.g and
12), the useful lives of intangible assets, and the determination of the recoverable amount of goodwill (Notes 2.i and 13), provisions
for assets retirement obligations (Notes 2.m and 19), provisions for tax, civil, and labor risks (Notes 2.n and 20), estimates
for the preparation of actuarial reports (Notes 2.o and 18.b) and the determination of fair value of subscription warrants &amp;#8211;
indemnification (Notes 22 and 31). The actual result of the transactions and information may differ from their estimates.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory>
    <UGP:DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries reviewed all
items classified as non-current and, when relevant, current assets and liabilities. No recognition of present value adjustments
that would have relevant effects were identified.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;A business combination is accounted applying
the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured
at fair value at the acquisition date. In a business combination, the assets acquired and liabilities assumed are measured in order
to classify and allocate them accordingly to the contractual terms, economic circumstances and relevant conditions on the acquisition
date. The non-controlling interest in the acquired is measured based on its interest in identifiable net assets acquired. Goodwill
is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable
assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment
losses. For impairment testing purposes, goodwill is allocated to the Company&amp;#8217;s operating segments. When the cost of the
acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the income statement. Costs related
to the acquisition are recorded in the income statement when incurred.&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"&gt;The Company and its subsidiaries
prepared its consolidated statements of cash flows in accordance with IAS 7 - Cash Flow Statement. The Company and its subsidiaries
present the interest paid on loans and debentures in financing activities. The Company and its subsidiaries present financial investments
on a net basis of interest income in the investment activities.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The following standards, amendments, and interpretations
to IFRS were issued by the IASB which are effective as of December 31, 2017:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IAS 7 &amp;#8211; Disclosure Initiative &amp;#8211; Amendments to IAS 7: clarifications made by the IASB related to liabilities arising
        from financing activities (see Note 14.a).&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160; IAS 12
        &amp;#8211; Recognition of Deferred Tax Assets for Unrealised Losses &amp;#8211; Amendments to IAS 12: clarifications made by the IASB
        on the recognition of deferred tax assets on unrealised losses.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The following standards, amendments, and interpretations
to IFRS were issued by the IASB but are not yet effective and were not adopted as of December 31, 2017:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%; padding-left: 14.2pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IFRS 9 &amp;#8211; Financial instrument classification and measurement: includes new requirements for the classification and measurement
        of financial assets and liabilities, derecognition requirements, new impairment methodology for financial instruments, and new
        hedge accounting guidance.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2018&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IFRS 15 - Revenue from contracts with customers: establish the principles of nature, amount, timing and uncertainty of revenue
        and cash flow arising from a contract with a customer.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2018&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160; IFRS 16 - Lease: requires lessees record, in the financial statements, a liability reflecting future payments of a lease and the right to use an asset for the lease contracts, except for certain short-term leases and low asset value contracts. The criteria for recognition and measurement of leases in the financial statements of lessors are substantially maintained.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2019&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries did not adopt
in advance these IFRS in their financial statements for the year ended December 31, 2017.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries disclosed
the relevant information, known or reasonably estimated to the possible impacts on the adoption of IFRS 9 and 15 that were
available in the preparation of these financial statements, and are subject to change until the first complete financial
statements with the initial adoption are disclosed in 2018.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(1) IFRS 9 adoption - Financial instruments:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font-size: 8pt"&gt;a)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Classification and measurement of financial instruments:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries evaluated the
classification and measurement of financial instruments and, based on its business model, preliminarily concluded that the most
part of the financial investments will be classified as measured at fair value through other comprehensive income, except for funds
that will be classified as measured at fair value through profit or loss and financial investments given as collateral for loans
that will be classified as amortized cost.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries do not expect
material impacts resulting from these changes.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font-size: 8pt"&gt;b)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Expected credit losses&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries assessed the
expected credit losses on trade receivables, taking into account, at the initial recognition of the contract, the expected losses
for the next 12 months and for the useful life of the contract when the deterioration or improvement of customers' credit quality.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries evaluated the
impact of this change and the previously amount indicates an additional allowance for doubtful accounts in the amount of R$ 173,314,
which effect of R$ 121,563 recognized in the opening balance in the retained earnings. The deferred IRPJ and CSLL effect will be
recognized on the amounts above.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 0.25in"&gt;&lt;/td&gt;&lt;td style="width: 0.25in"&gt;&lt;font style="font-size: 8pt"&gt;c)&lt;/font&gt;&lt;/td&gt;&lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Derivative financial instruments&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries have not identified
impacts arising from this change and are evaluating the adoption of IFRS 9 or the permanence of the application of IAS 39.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries are evaluating
the practical implementation from the initial adoption of IFRS 9 to conclude whether the retrospective or prospective adoption
will be made.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;(2) IFRS 15 adoption - Revenue recognition from
contracts with customers:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries evaluated all
the stages for the recognition of their revenues from contracts with customers and based on their diagnosis did not identify material
measurement impacts resulting from the adoption of this standard.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In relation to the presentation in the income
statement, the Company and its subsidiaries evaluated that certain expenses that are currently been allocated as selling and marketing
expenses, after the adoption of IFRS15, will be presented as a reduction of revenue, substantially the amortization expenses of
exclusive contracts to operate Ipiranga service stations. In 2017 the amortization recognized as selling and marketing expenses
was R$ 463,049.&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company and its subsidiaries are evaluating
the practical implementation of the initial adoption of IFRS 15 to conclude whether the retrospective or prospective adoption will
be made.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The table below summarizes the  estimate
impacts of the IFRS 9 and 15 adoption:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;As of December 31, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance sheet&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;As disclosed&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;IFRS 9 (1)&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;adoption&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;IFRS 15 (2) adoption&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;After adoption IFRS 9 and 15&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,201,291&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,027,977&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Total assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,605,502&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(58,927)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,546,575&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Shareholder&amp;#8217;s equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,720,832&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(114,387)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,606,445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Total liabilities and shareholders' equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income statements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(463,049)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,544,373&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,885,311)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(51,751)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;463,049&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,474,013)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Financial result, net&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income tax and social contribution&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(839,429)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(821,834)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,573,868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(34,156)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,539,712&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share - basic&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.9056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0630)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8426&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share - diluted&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8847&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0626)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In relation to leases - IFRS 16, the Company
and its subsidiaries are quantifying the potential effects of this pronouncement, and it is expected to have a relevant impact
on the recognition of the right of use and debt related to lease contracts of the land and building of service stations, drugstores
and stores given the number of lease agreements&amp;#160;the Company has in place. The Company is evaluating the&amp;#160;transition options
that it will apply upon the adoption of the new standard. See Note 32.c for additional information regarding Company&amp;#180;s lease
agreements.&lt;/p&gt;



&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory>
    <UGP:DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;These financial statements were authorized for issue by the Board
of Officers on April 06, 2018.&lt;/p&gt;</UGP:DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory>
    <UGP:SummaryOfForeignSubsidiariesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 39%"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Subsidiary&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 19%; padding-left: 69.3pt; text-indent: -59.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Functional currency&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Location&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 21%; padding-left: 69.3pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno M&amp;#233;xico S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno Servicios Corporativos S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno Servicios Industriales de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexican Peso&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Oxiteno USA LLC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;U.S. Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;United States&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Uruguay S.A. (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;U.S. Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Andina, C.A. (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Bolivar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-left: 9.9pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfForeignSubsidiariesTableTextBlock>
    <UGP:SummaryOfOfPronouncesmentsIssuedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IAS 7 &amp;#8211; Disclosure Initiative &amp;#8211; Amendments to IAS 7: clarifications made by the IASB related to liabilities arising
        from financing activities (see Note 14.a).&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160; IAS 12
        &amp;#8211; Recognition of Deferred Tax Assets for Unrealised Losses &amp;#8211; Amendments to IAS 12: clarifications made by the IASB
        on the recognition of deferred tax assets on unrealised losses.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 73%; padding-left: 14.2pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Effective&amp;#160;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;date&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IFRS 9 &amp;#8211; Financial instrument classification and measurement: includes new requirements for the classification and measurement
        of financial assets and liabilities, derecognition requirements, new impairment methodology for financial instruments, and new
        hedge accounting guidance.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2018&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160;
        IFRS 15 - Revenue from contracts with customers: establish the principles of nature, amount, timing and uncertainty of revenue
        and cash flow arising from a contract with a customer.&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&amp;#160;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2018&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8226;&amp;#160;&amp;#160;&amp;#160; IFRS 16 - Lease: requires lessees record, in the financial statements, a liability reflecting future payments of a lease and the right to use an asset for the lease contracts, except for certain short-term leases and low asset value contracts. The criteria for recognition and measurement of leases in the financial statements of lessors are substantially maintained.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;2019&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;


&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;</UGP:SummaryOfOfPronouncesmentsIssuedTableTextBlock>
    <UGP:SummaryOfImpactPronouncesmentsIssuedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;As of December 31, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance sheet&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;As disclosed&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;IFRS 9 (1)&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;adoption&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;IFRS 15 (2) adoption&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;After adoption IFRS 9 and 15&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,201,291&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,027,977&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,139,031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Total assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,013,988&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,605,502&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(58,927)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,546,575&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Shareholder&amp;#8217;s equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,720,832&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(114,387)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,606,445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Total liabilities and shareholders' equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,167,008&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income statements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(463,049)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,544,373&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,735,781)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,885,311)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(51,751)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;463,049&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,474,013)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,576,528)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Financial result, net&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income tax and social contribution&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(839,429)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(821,834)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,573,868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(34,156)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,539,712&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share - basic&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.9056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0630)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8426&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share - diluted&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8847&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0626)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfImpactPronouncesmentsIssuedTableTextBlock>
    <UGP:SummaryOfInvestmentsInSubsidiariesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="7" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;% interest in the share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 48%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Location&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Segment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Direct control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Indirect control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Direct control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Indirect control&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga Produtos de Petr&amp;#243;leo S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;am/pm Comest&amp;#237;veis Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Centro de Conveni&amp;#234;ncias Millennium Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;Icorban - Correspondente Banc&amp;#225;rio Ltda. &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga Trading Limited&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Virgin Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Tropical Transportes Ipiranga Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom"&gt;
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&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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&lt;tr style="vertical-align: bottom; background-color: white"&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Imaven Im&amp;#243;veis Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Imifarma Produtos Farmac&amp;#234;uticos e Cosm&amp;#233;ticos S.A. &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Nordeste S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Argentina Sociedad de Responsabilidad Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Argentina&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oleoqu&amp;#237;mica Ind&amp;#250;stria e Com&amp;#233;rcio de Produtos Qu&amp;#237;micos Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Uruguay S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Barrington S.L. &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Spain&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno M&amp;#233;xico S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Servicios Corporativos S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Servicios Industriales S.A. de C.V.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno USA LLC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;United States&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Global Petroleum Products Trading Corp.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Virgin Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Overseas Corp.&lt;sup&gt;(4)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Virgin Islands&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Andina, C.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Europe SPRL&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Belgium&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Colombia S.A.S&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Colombia&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Shanghai LTD.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;China&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Empresa Carioca de Produtos Qu&amp;#237;micos S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo - Opera&amp;#231;&amp;#245;es Log&amp;#237;sticas e Participa&amp;#231;&amp;#245;es Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Terminal Qu&amp;#237;mico de Aratu S.A. &amp;#8211; Tequimar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultrapar International S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Luxembourg&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;SERMA - Ass. dos usu&amp;#225;rios equip. proc. de dados&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfInvestmentsInSubsidiariesTableTextBlock>
    <UGP:SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;2017 &lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,785,084&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Operating income &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,834,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,555,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share basic - whole R$ (see Note 29)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Earnings per share diluted - whole R$ (see Note 29)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock>
    <UGP:SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="width: 41%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Current assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 34%; padding-right: 28.35pt; padding-left: 1.65pt; text-indent: -1.65pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Current liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;73,316&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Trade payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;33,453&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Trade receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;157,016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Salaries and related charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;18,251&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Inventories&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;112,998&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Taxes payable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;20,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Recoverable taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;5,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Other payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;28,743&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Other receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;15,497&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;364,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;100,536&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Non-current assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Non-current liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Related parties&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;7,077&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-left: 8.75pt; text-indent: -8.75pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Provision for tax, civil, and labor risks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;202,352&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Indemnity asset&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;202,352&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Deferred income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;3,300&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Escrow deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;4,095&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;44,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Other receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;5,257&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Property, plant, and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;172,526&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Intangible assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;9,944&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;401,251&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;250,130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Total assets acquired&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;765,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Total liabilities assumed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;350,666&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Preliminary goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Participation of non-controlling interests&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;182,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0.1in; padding-left: 17.55pt; text-indent: -7.05pt; text-align: justify; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-indent: 10.45pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Total assets acquired and preliminary goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;889,346&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Preliminary consideration transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;356,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td colspan="2" style="text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;The calculation of the provisional goodwill is shown below:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="width: 85%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Temporary consideration transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;356,077&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Total assets acquired&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;765,673&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;(-) Total liabilities assumed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;(350,666)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;(-) Non-controlling interest&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;(182,603)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right; layout-grid-mode: line"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;Temporary goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right; layout-grid-mode: line"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;123,673&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;


&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock>
    <UGP:SummaryOfCashAndCashEquivalentsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 71%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and bank deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73,128&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,798&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments considered cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 16pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 16pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,002,004&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,274,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfCashAndCashEquivalentsTableTextBlock>
    <UGP:SummaryOfFinancialInvestmentsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 64%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.55pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,153,040&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,174,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;In foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 14.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments (a)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,367,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,427,691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,283,498&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,412,587&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;84,426&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,104&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfFinancialInvestmentsTableTextBlock>
    <UGP:SummaryOfTradeReceivablesCompositionTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 78%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Domestic customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,057,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,315,783&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reseller financing &amp;#8211; Ipiranga (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;675,236&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;229,701&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;180,679&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(-) Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(295,580)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(233,332)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,667,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,729,407&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,337,118&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,502,322&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329,991&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;227,085&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTradeReceivablesCompositionTableTextBlock>
    <UGP:SummaryOfTradeReceivablesBreakdownTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Past due&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 29%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Current&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;less than 30 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;31-60 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;61-90 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;91-180 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;more than 180 days&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,962,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,102,549&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,939&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,491&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,197&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;87,812&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;476,701&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,962,739&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,326,934&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;167,790&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,152&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,738&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;60,150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;339,975&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTradeReceivablesBreakdownTableTextBlock>
    <UGP:SummaryOfInventoriesCompositionTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 42%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provision &lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;&lt;b&gt;for losses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provision &lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;&lt;b&gt;for losses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net balance&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fuels, lubricants and greases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,622,054&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,074)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,618,980&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,317,042&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,851)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,314,191&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finished goods&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;485,407&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(18,495)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;425,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,801)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;405,534&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Work in process&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,637&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,637&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,011&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Raw materials&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;492,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,835)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490,194&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;246,974&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,147)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;245,827&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liquefied petroleum gas (LPG)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;102,031&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;96,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,705&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Consumable materials and&amp;#160;other items for resale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;160,024&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,380)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;154,644&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;138,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,619)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;130,991&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Pharmaceutical, hygiene, and beauty products&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;415,956&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,447)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;413,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;352,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,985)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;342,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Purchase for future delivery &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,808&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,808&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;228,871&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;228,871&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Properties for resale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,032&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(107)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,925&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,982&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(107)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,875&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,528,978&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(37,099)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,491,879&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,808,478&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(47,271)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,761,207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfInventoriesCompositionTableTextBlock>
    <UGP:SummaryOfInventoriesProvisionForLossesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,817&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,282&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,741&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,271&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfInventoriesProvisionForLossesTableTextBlock>
    <UGP:SummaryOfRecoverableTaxesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 66%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;580,630&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;459,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for ICMS losses &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72,076)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(68,683)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;348,333&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,552&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IRPJ and CSLL &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;195,276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Value-Added Tax (IVA) of subsidiaries Oxiteno Mexico, Oxiteno Andina, Oxiteno Uruguay and Ultrapar International&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,180&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,121&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,587&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,868&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,194,826&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;724,389&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;881,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,772&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;313,242&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfRecoverableTaxesTableTextBlock>
    <UGP:SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Loans&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 55%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Receivables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Payables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,489&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,946&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,199&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,239&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,185&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Loans&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 55%; padding-right: 3.5pt; padding-left: 0.05in"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assets&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Receivables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Payables&lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,534&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,946&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,259&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,820&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,186&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,259&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,540&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;tr style="vertical-align: top"&gt;
&lt;td style="width: 9pt"&gt;&lt;/td&gt;&lt;td style="width: 18pt"&gt;&lt;font style="font-size: 7pt"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td&gt;&lt;font style="font-size: 8pt"&gt;Included in &amp;#8220;trade receivables&amp;#8221; and &amp;#8220;trade payables,&amp;#8221; respectively.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,004,030&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,239&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;859&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,245&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,022,997&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 1.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 75%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;958,007&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,329&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-bottom: 3.3pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;977,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Commercial transactions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Sales and services&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Purchases&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Refinaria de Petr&amp;#243;leo Riograndense S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;615,014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ConectCar Solu&amp;#231;&amp;#245;es de Mobilidade Eletr&amp;#244;nica S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,205&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total in 2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,211&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;627,367&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock>
    <UGP:SummaryOfCompensationForKeyExecutivesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Short-term compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,477&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Stock compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,399&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,427&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,126&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,096&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,336&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,936&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Termination benefit&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,794&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Long-term compensation&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,459)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,302&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,307&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;51,542&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,123&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfCompensationForKeyExecutivesTableTextBlock>
    <UGP:SummaryOfSharesGrantedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 25%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Grant date&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance of number of shares granted&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Vesting period &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Market price of shares on the grant date (in R$ per share)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total grant&amp;#160;&amp;#160;costs, including taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated recognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated unrecognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 13, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,000&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2022 to 2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67.99&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,378&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,327)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,051&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 4, 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,000&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2021 to 2023&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65.43&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,147&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,339)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,808&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;December 9, 2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;570,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2019 to 2021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50.64&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,814&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,849)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;March 5, 2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,400&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2019 to 2021&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52.15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,999&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,906)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,093&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;November 7, 2012&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;199,998&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2017 to 2019&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42.90&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,937)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,372&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;December 14, 2011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2016 to 2018&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31.85&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,042)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;230&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;November 10, 2010&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2015 to 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26.78&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,602&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,602)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,183,398&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(62,002)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,519&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSharesGrantedTableTextBlock>
    <UGP:SummaryOfRestrictedStockProgramTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Program&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Grant date&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance of number of shares granted&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Vesting period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Market price of shares on the grant date (in R$ per share)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total grant costs, including taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated recognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; text-indent: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Accumulated unrecognized grant costs&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Restricted&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;October&amp;#160;1,&amp;#160;2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2023&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,642&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(527)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="text-align: left; padding-right: 1.4pt; padding-left: 1.4pt; vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Restricted&amp;#160;and&amp;#160;Performance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;November 8, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2020&amp;#160;to&amp;#160;2022&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,901&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(257)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,644&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;166,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-underline-style: double"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,543&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(784)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfRestrictedStockProgramTableTextBlock>
    <UGP:SummaryOfDeferredTaxesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 70%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Assets - Deferred income and social contribution taxes on:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for impairment of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,592&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,254&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provisions for tax, civil, and labor risks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,096&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for post-employment benefits &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,199&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,185&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for differences between cash and accrual basis&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,755&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,452&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,234&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,823&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Business combination &amp;#8211; fiscal basis vs. accounting basis of goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,064&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for asset retirement obligation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,111&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,419&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other provisions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;146,002&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax losses and negative basis for social contribution carryforwards (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;201,471&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,682&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;771,103&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;606,438&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Offset the liabilities balance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(225,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189,094)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Net balance of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;417,344&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liabilities - Deferred income and social contribution taxes on:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Revaluation of property, plant, and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,640&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Lease&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,361&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,899&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for differences between cash and accrual basis&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,440&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provision for goodwill/negative goodwill&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;131,811&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Business combination &amp;#8211; fair value of assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,414&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Temporary differences of foreign subsidiaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other provisions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;35,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,549&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;264,016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,739&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Offset the assets balance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(225,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189,094)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Net balance of liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,645&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfDeferredTaxesTableTextBlock>
    <UGP:SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Initial balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;409,699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,989&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;309,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in income of the year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,505&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in other comprehensive income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,389&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,938&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred IRPJ and CSLL recognized in business combination&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(610)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,580&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,733)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;326&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Final balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;507,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;409,699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock>
    <UGP:SummaryOfDeferredTaxAssetRecoveryTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 84%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Up to 1 Year &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 1 to 2 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,790&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 2 to 3 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;139,314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 3 to 5 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 5 to 7 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;194,627&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 7 to 10 Years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,765&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total of deferred tax assets relating to IRPJ and CSLL&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;771,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfDeferredTaxAssetRecoveryTableTextBlock>
    <UGP:SummaryOfTaxReconciliationTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 56%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income (loss) before taxes and share of profit (loss) of joint ventures, and associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,392,624&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;2,263,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,258,192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Statutory tax rates - %&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;34&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes at the statutory tax rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(813,492)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(769,466)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(767,785)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Adjustments to the statutory income and social contribution taxes:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Nondeductible expenses (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(105,017)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(57,961)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(70,540)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Nontaxable revenues (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,084&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;7,561&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,753&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Adjustment to estimated income (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,844&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;14,218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,926&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on equity (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(364)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Other adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;1,104&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;7,108&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;4,874&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes before tax incentives&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(888,027)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(798,904)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;(816,772)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax incentives - SUDENE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,598&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;98,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,436&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes in the income statement&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(839,429)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;(699,992)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(734,336)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(922,458)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(800,497)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(719,523)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;83,029&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;100,505&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,813)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Effective IRPJ and CSLL rates - %&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;35.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt; text-transform: uppercase"&gt;30.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTaxReconciliationTableTextBlock>
    <UGP:SummaryOfTaxIncentivesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 58%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Subsidiary&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 18%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Units&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incentive - %&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Expiration&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Bahiana Distribuidora de G&amp;#225;s Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Aracaju base &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Suape base&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Mataripe base &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Caucaia base &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2025&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Terminal Qu&amp;#237;mico de Aratu S.A. &amp;#8211; Tequimar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Suape terminal&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Aratu terminal&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Itaqui terminal &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2025&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oleoqu&amp;#237;mica Ind&amp;#250;stria e Com&amp;#233;rcio de Produtos Qu&amp;#237;micos Ltda.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Nordeste S.A. Ind&amp;#250;stria e Com&amp;#233;rcio&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Empresa Carioca de Produtos Qu&amp;#237;micos S.A.&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Cama&amp;#231;ari plant &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;75&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTaxIncentivesTableTextBlock>
    <UGP:SummaryOfPrepaidExpensesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 72%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Rents&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329,421&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,944&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Advertising and publicity &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,833&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred Stock Plan, net (see Note 8.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,591&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,719&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Insurance premiums &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,629&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,896&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Software maintenance &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,237&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other prepaid expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,531&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;496,932&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346,401&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;150,046&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,883&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346,886&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;222,518&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfPrepaidExpensesTableTextBlock>
    <UGP:SummaryOfFinancialStatementsOfJointVenturesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;389,022&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;90,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,627&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;128,417&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;132,785&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;297,762&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,564&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;336&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,821&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,191&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;122,451&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,260&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,067,950&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,852)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,876,389)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100,444)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,252)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(82,498)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,063&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(41,979)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;169,860,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,228&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;286,916&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;93,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,383&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;116,931&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;116,243&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;700&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,619&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,448&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,035&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,761&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;132,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,030&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,490,516&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;30,058&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,430)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,361,551)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(105,800)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;346&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,379)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,974&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(54)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(48,768)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145,860,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 53%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;234,094&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,599&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,300&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;114,123&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,570&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;176,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;62,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,090&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,911&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,198)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(926,392)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(89,431)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution&amp;#160;taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(430)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,768)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,553&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,398&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,647&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,468)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,078,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;94,579,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfFinancialStatementsOfJointVenturesTableTextBlock>
    <UGP:SummaryOfBalancesInAssociatesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="11" style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Movements in investments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 26%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,212&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,090&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,676&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;165&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,143&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,368&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,368&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,453)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,377)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,455&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,995&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(55)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,403&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,743&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,684&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21,537&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(948)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(948)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,206&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;981&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,001&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,981&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,678&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,731&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(865)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(399)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,264)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of associates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,212&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,477&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;269&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;976&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,874&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,348&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,618&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;340&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;577&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBalancesInAssociatesTableTextBlock>
    <UGP:SummaryOfFinancialStatementsOfAssociatesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,061&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;175&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;505&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,278&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,695&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,821&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,960&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,338&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;427&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,390&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,424&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,235&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,733&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,522&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,709&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,649)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(40,769)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(90)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;628&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,144)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,873&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,796&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(121)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;643&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;220&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,178&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,570&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,034&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,246&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,821&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;759&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,226&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,616&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,667&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,003&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;86,041&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;214&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,279&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,751&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,194)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,539)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(189)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;574&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;63&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,837)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,824&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,375&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(208)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;642&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 30%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transportadora Sulbrasileira de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Oxicap Ind&amp;#250;stria de Gases Ltda.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Qu&amp;#237;mica da Bahia Ind&amp;#250;stria e Com&amp;#233;rcio S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Metal&amp;#250;rgica Plus S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Plenog&amp;#225;s Distribuidora de G&amp;#225;s S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,175&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,390&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;759&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,203&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,403&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,681&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,830&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;644&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;403&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,371&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,708&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,777&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shareholders&amp;#8217; equity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,540&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,367&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;329&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,643&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,628&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,799&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Costs, operating expenses and income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,703)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,050)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(34)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(172)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net financial income and income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,973)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,918&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,776&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(164)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,806&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Number of shares or units held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,124,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,987&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,493,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,384,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;% of capital held&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfFinancialStatementsOfAssociatesTableTextBlock>
    <UGP:SummaryOfBalancesOfGoodwillTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="width: 37%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 35%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Segment&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 13%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 13%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill on the acquisition of:&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;661,553&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;661,553&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga &lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;276,724&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;276,724&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uni&amp;#227;o Terminais&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;211,089&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;211,089&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;CBLSA&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Texaco&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,759&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,759&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,856&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,856&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Temmar&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,781&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,781&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;DNP&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,736&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,736&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Repsol&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,403&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,403&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,157&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBalancesOfGoodwillTableTextBlock>
    <UGP:SummaryOfAmortizationExpensesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 61%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Inventories and cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,344&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,522&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;484,609&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;492,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;436,253&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;57,758&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,689&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;571,711&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;490,464&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfAmortizationExpensesTableTextBlock>
    <UGP:SummaryOfTradePayablesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Domestic suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,973,668&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,620,388&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;181,830&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,265&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155,498&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,709,653&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTradePayablesTableTextBlock>
    <UGP:SummaryOfSalariesAndRelatedChargesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Provisions on salaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;179,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;162,216&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Profit sharing, bonus and premium&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;125,006&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,504&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Social charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,812&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,468&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,186&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;388,118&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;362,718&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSalariesAndRelatedChargesTableTextBlock>
    <UGP:SummaryOfTaxesPayableTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 75%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;131,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,065&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,287&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PERT (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Value-Added Tax (IVA) of subsidiaries Oxiteno Mexico, Oxiteno USA, Oxiteno Andina and Oxiteno Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,992&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,148&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ISS&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,211&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,074&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;225,829&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfTaxesPayableTableTextBlock>
    <UGP:SummaryOfPostEmploymentBenefits contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Health and dental care plan &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,826&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;FGTS Penalty&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,654&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Bonus&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,254&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Life insurance &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,671&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,456&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;237,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;30,059&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,940&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;119,811&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfPostEmploymentBenefits>
    <UGP:ChangesInProvisionForPostEmploymentBenefits contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 78%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;126,595&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Current service cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,664&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,636&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,754&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial (gains) losses from changes in actuarial assumptions&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,818&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Benefits paid directly by Company and its subsidiaries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,368)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,971)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance CBL S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,478&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Exchange rate from foreign subsidiaries &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(865)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ending balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;237,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;144,751&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:ChangesInProvisionForPostEmploymentBenefits>
    <UGP:SummaryOfEmploymentBenefitExpenseTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 71%; padding-right: 5.65pt; padding-left: 5.65pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Health and dental care plan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,065&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,291&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;FGTS Penalty&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,828&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,068&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Bonus&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,455&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,352&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Life insurance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,543&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,683&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,418&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfEmploymentBenefitExpenseTableTextBlock>
    <UGP:SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 71%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;Economic factors&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;% p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;% p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Discount rate for the actuarial obligation at present value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.51&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11.46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Average projected salary growth rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.38&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.90&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Inflation rate (long term)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4.50&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Growth rate of medical services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8.68&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock>
    <UGP:SummaryOfSensitivityAnalysisTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 35%; padding-right: 5.65pt; padding-left: 5.65pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Assumption&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 17%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Change in assumptions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Decrease in liability&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 18%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Change in assumptions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 13%; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Increase in liability&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Discount rate &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,237&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,690&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Wage growth rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Medical services growth rate &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;decrease by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;increase by 1.0 p.p&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,413&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSensitivityAnalysisTableTextBlock>
    <UGP:SummaryOfChangesInAssetRetirementObligationTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 64%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Initial balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,564&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,802&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions (new tanks)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;483&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;625&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Expense with tanks removed&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,432)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,785)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,949)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Accretion expense&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,105&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,238&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Final balance&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,774&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,564&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,799&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,563&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,232&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 8.15pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,975&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;73,001&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfChangesInAssetRetirementObligationTableTextBlock>
    <UGP:SummaryOfBreakdownOfProvisionsByNatureTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Provisions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.3pt"&gt;&lt;b&gt;Balance on &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;12/31/2016&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Monetary restatement&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Opening balance CBL S.A.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.3pt"&gt;&lt;b&gt;Balance on &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;12/31/2017&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IRPJ and CSLL (a.1.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;473,490&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,163)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,285&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,217&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;515,829&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;PIS and COFINS (a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;141,112&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(109,463)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,927&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;ICMS &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,864&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,795)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;533&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;111,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Civil,&amp;#160;environmental&amp;#160;and&amp;#160;regulatory&amp;#160;claims&amp;#160;(a.2.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,350&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,026&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,269)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;330&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;89,296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Labor litigation (a.3.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,899)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,145&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,044&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,425&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;IPI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,067&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,067&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,569&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;634&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,401)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,468&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;779,782&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,497&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(135,990)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,155&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,352&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;925,796&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,694&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;727,088&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;861,246&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBreakdownOfProvisionsByNatureTableTextBlock>
    <UGP:SummaryOfBalancesOfEscrowDepositsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Tax matters&lt;/font&gt;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;659,062&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;643,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Labor litigation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,074&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,392&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Civil and other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;92,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,955&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total &amp;#8211; non-current assets&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;822,660&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;778,770&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBalancesOfEscrowDepositsTableTextBlock>
    <UGP:SummaryOfDeferredRevenueInSubsidiariesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#8216;am/pm&amp;#8217; and Jet Oil franchising upfront fee &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,620&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &amp;#8220;Km de Vantagens&amp;#8221;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,062&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &amp;#8220;Clube Extrafarma&amp;#8221;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,638&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,128&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,810&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,413&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,300&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfDeferredRevenueInSubsidiariesTableTextBlock>
    <UGP:SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 78%; padding-right: 2.15pt; font: bold 12pt/110% Calibri, Helvetica, Sans-Serif"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 22%; padding-right: -6.2pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: -6.2pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Net income for the year attributable to shareholders of Ultrapar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Minimum mandatory dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;787,153&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Interim dividends paid (R$ 0.85 per share)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(461,868)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;Mandatory dividends payable &amp;#8211; Current liabilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;325,285&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Additional dividends to the minimum mandatory dividends &amp;#8211;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;shareholders&amp;#8217; equity&lt;/p&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,742&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends payable (R$ 0.90 per share)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;489,027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Legal reserve&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 2.15pt"&gt;&lt;font style="font-size: 8pt"&gt;Statutory investments reserve&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 4.95pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;544,695&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock>
    <UGP:SummaryOfRevenueFromSalesAndServicesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Gross revenue from sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,134,879&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;79,361,004&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,463,652&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Gross revenue from services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;728,590&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;621,823&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;568,556&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Sales taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,936,077)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,929,288) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,011,860)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Discounts and sales returns&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(927,557)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,305) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(360,777)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Deferred revenue (see Note 21)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,587&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,721&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,297)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfRevenueFromSalesAndServicesTableTextBlock>
    <UGP:SummaryOfExpensesByNatureTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: #DAEEF3; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="width: 62%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Raw materials and materials for use and consumption&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;71,521,652&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,173,511&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,763,793&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Personnel expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,231,556&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,042,985&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,950,776&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Freight and storage&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,117,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,077,552&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,134,388&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,175,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,103,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,002,647&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Advertising and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;192,441&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;177,336&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Services provided by third parties&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;351,227&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;318,746&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;255,750&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Lease of real estate and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;196,970&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143,677&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 1.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Other expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;410,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 1.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;359,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;343,237&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-bottom: 3.3pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,197,620&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 3.3pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,440,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,771,604&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Classified as:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost of products and services sold&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,735,781&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,342,723&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,933,702&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Selling and marketing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,885,311&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,651,501&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,516,561&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-bottom: 1.1pt; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;General and administrative&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,576,528&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 1.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,445,859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,321,341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: transparent"&gt;
    &lt;td style="padding-bottom: 3.3pt; padding-left: 9.9pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,197,620&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-bottom: 3.3pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,440,083&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 7.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,771,604&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfExpensesByNatureTableTextBlock>
    <UGP:SummaryOfOtherOperatingIncomeTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 1%; font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 64%; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.15pt; font-size: 10pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 11%; padding-right: 2.15pt; font-size: 10pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Commercial partnerships &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,731&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,761&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,763&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Merchandising &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53,870&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,851&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,158&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Loyalty program &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26,419&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,411&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,455&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo &amp;#8211; fire accident in Santos &lt;sup&gt;(4)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39,080)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76,443&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(92,192)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Reversal of provision &amp;#8211; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,152&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;TCC &amp;#8211; Cia. Ultragaz e Bahiana &lt;sup&gt;(5)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(85,819)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Compensation of undue use of Ultratecno brand&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-left: 12.95pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Adjustment of working capital and net debt &amp;#8211; Extrafarma acquisition &lt;sup&gt;(6)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: left; text-indent: 12.95pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,506&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: white; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,616&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="font-size: 10pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: left; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 2.15pt; text-align: justify; font-size: 8pt"&gt;Other operating income, net&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.15pt; text-align: right; font-size: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,972&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,584&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfOtherOperatingIncomeTableTextBlock>
    <UGP:SummaryOfFinancialIncomeExpenseTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 59%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial income:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;475,460&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;404,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;341,739&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest from customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;103,976&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,374&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Other financial income&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,316&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;585,101&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;513,243&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;426,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial expenses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on loans&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(672,102)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(777,424)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(666,791)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(385,009)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(374,125)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(308,290)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest on finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,991)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,839)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,023)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Bank charges, financial transactions tax, and other charges&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(91,614)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(74,761)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,966)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Exchange variation, net of gains and losses with derivative instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,869&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(69,854)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(71,384)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversal of provision &amp;#8211; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,411&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Changes in subscription warranty - indemnification (see Note 22) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,360)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(42,615)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,154)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;TCC monetary restatement &amp;#8211; Bahiana (see Notes 20.b.2.2 and 27) &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13,509)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 14.2pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Monetary restatement of provisions, net, and other financial expenses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,908&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9,201)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,159)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,059,397)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,355,819)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,129,767)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial income (expense)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(842,576)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,338)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfFinancialIncomeExpenseTableTextBlock>
    <UGP:SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Basic Earnings per Share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year of the Company&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,561,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,503,466&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding (in thousands)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,813&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,391&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Basic earnings per share &amp;#8211;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.9056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8844&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.7649&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Diluted Earnings per Share&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net income for the year of the Company&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,574,306&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,561,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,503,466&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding (in thousands), including &lt;/font&gt;&lt;br /&gt;
&lt;font style="font-size: 8pt"&gt;deferred stock plan and subscription warrants - indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;548,054&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Diluted earnings per share &amp;#8211;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8847&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.8626&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.7433&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock>
    <UGP:SummaryOfWeightedAverageSharesOutstandingTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; width: 63%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; width: 12%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted Average Shares Outstanding (in thousands)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding for basic per share calculation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,813&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;541,391&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dilution effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Subscription warrants - indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,395&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,267&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,161&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;Deferred Stock Plan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,532&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,851&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,118&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Weighted average shares outstanding for diluted per share calculation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;545,509&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;548,054&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfWeightedAverageSharesOutstandingTableTextBlock>
    <UGP:SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;United States of America &lt;sup&gt;(*)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;511,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;264,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexico &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,034&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;103,051&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,251&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,480&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;709,302&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;440,769&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock>
    <UGP:SummaryOfRevenueFromOperationsAbroadTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,763,771&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76,283,061&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,337,803&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,205&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;183,124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;215,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,873&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,782&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,938&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,788&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,393&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other Latin American countries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;427,875&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;448,814&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;392,748&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;United States of America and Canada&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,709&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,280&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;166,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Far East&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,469&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;57,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Europe&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;119,097&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;97,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101,931&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,635&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfRevenueFromOperationsAbroadTableTextBlock>
    <UGP:SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Assets in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;236.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;423.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;214.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;930.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;600.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,381.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,348.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liabilities in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing in foreign currency, gross of transaction costs and discount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,416.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,736.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 9pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables arising from imports, net of advances to foreign suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(173,1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(57.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,589.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,793.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign currency hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,777.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,206.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,430.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,238.8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(26.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net asset (liability) position &amp;#8211; Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,404.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,263.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock>
    <UGP:SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 50%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 15%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;50%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(1) Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Real devaluation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(2) Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(140.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(351.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(702.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(1) + (2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(357.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(715.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(3) Income statement effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Real appreciation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(4) Shareholders&amp;#8217; equity effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;351.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;702.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(3) + (4)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;357.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;715.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock>
    <UGP:SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 68%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,153.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,174.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset position of foreign exchange hedging instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans and debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,987.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,862.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liability position of foreign exchange hedging instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,877.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,181.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Liability position of fixed interest instruments - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(586.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,446.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,003.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;TJLP&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans &amp;#8211;TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(301.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(404.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in TJLP&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(301.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(404.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LIBOR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset position of foreign exchange hedging instruments - LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,149.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans - LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,418.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,470.1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in LIBOR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(434.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(320.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;TIIE&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans - TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in TIIE&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(9.6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;SELIC&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans &amp;#8211; SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99.5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net liability position in SELIC&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(100.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99.5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total net liability position exposed to floating interest&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,286.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,837.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock>
    <UGP:SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 51%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;50%&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Exposure of interest rate risk&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on cash equivalents and financial investments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;118.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;236.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign exchange hedging instruments (assets in CDI) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 5.5pt; text-align: right; text-indent: -1pt"&gt;&lt;font style="font-size: 8pt"&gt;0.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(67.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(168.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(336.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest rate hedging instruments (liabilities in CDI) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(38.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(94.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(186.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(58.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(285.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in TJLP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Foreign exchange hedging instruments (assets in LIBOR) effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in LIBOR&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(8.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in TIIE&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Interest effect on debt in SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Increase in SELIC&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Incremental expenses&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock>
    <UGP:SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 79%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;238,697&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,252&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,034&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,804&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,755&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,856&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,922&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,449&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,172&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,971&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,580&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;233,332&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock>
    <UGP:SummaryOfContractualUndiscountedCashOutflowsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="3" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;u&gt;In millions of Brazilian Reais&lt;/u&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 43%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Less than 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 3 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 3 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Loans including future contractual interest &lt;sup&gt;(1) (2)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,571.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,809.9&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,514.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,968.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,279.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments &lt;sup&gt;(3)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;422.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;145.2&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Trade payables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,155.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfContractualUndiscountedCashOutflowsTableTextBlock>
    <UGP:SummaryOfPositionOfHedgingInstrumentsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Notional amount&lt;sup&gt;1&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Fair value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amounts receivable&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amounts payable &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Hedging instruments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;million&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;a &amp;#8211;Exchange&amp;#160;rate&amp;#160;swaps&amp;#160;receivable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in U.S. dollars (LIBOR)&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Jan 2018 to Oct 2026&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 300.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 350.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,149.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;984.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in U.S. dollars (Fixed)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 956.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 1,062.4 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;823.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,084.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;823.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in CDI interest rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (1,256.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (1,412.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,877.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,181.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,877.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(70.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,807.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,877.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;b &amp;#8211; &lt;font style="background-color: #DAEEF3"&gt;Exchange rate swaps payable in U.S. dollars + COUPON&lt;/font&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Jan 2018 to Apr 2018&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in CDI interest rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 9.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 8.5 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in U.S. dollars (Fixed)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (9.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ (8.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(29.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;0.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;c &amp;#8211; Interest rate swaps in Brazilian Reais&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Oct 2024&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Receivables in fixed interest rates + IPCA&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 566.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;- &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Payables in CDI interest rates&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ (566.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(586.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;586.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total result&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;583.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;586.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total gross result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(73.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,420.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,493.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total net result&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(77.9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,415.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,493.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Positive result (see Note 4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85.8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218.5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Negative result (see Note 14)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(163.7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(202.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfPositionOfHedgingInstrumentsTableTextBlock>
    <UGP:SummaryOfValueOfGainsLossesRecognizedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;d &amp;#8211; Non-derivative financial instruments (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(104.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(157.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31.4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(177.0)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13.8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9.2&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(0.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;d &amp;#8211; Non-derivative financial instruments (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(28.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14.9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(196.8)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(28.7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 72%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;R$ million &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Profit or loss&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Equity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;a &amp;#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143.1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6.3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;b &amp;#8211; Exchange rate swaps payable in U.S. dollars (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31.3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;c &amp;#8211; Interest rate swaps in R$ (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(144.2)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(25.0)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfValueOfGainsLossesRecognizedTableTextBlock>
    <UGP:SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 38%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 18%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 5%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Carrying value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Fair &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;value&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Carrying value&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;Fair &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;value&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and bank deposits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local&amp;#160;currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 14.2pt; text-align: left; text-indent: -7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 7.1pt"&gt;Currency and interest rate
        hedging&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 7.1pt"&gt;instruments&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;4&lt;/p&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;14&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,740,872&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,761,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,990,269&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,881,085&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,035,247&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,881&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging&amp;#160;instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;14&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: left"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,762,053&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784,913&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,570,559&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,461,409&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock>
    <UGP:SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 40%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and banks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;147,926&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,821,605&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,473&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,742&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,076,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;129,131&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,556&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;88,575&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;85,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,369,928&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,195,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;174,328&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,047,809&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,761,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,523,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,238,264&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,037,072&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,459&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,784,913&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,523,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,261,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Category&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Note&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 1&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 2&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Level 3&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial assets:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash equivalents&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Cash and banks&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Loans and receivables&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,837,807&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;323,033&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial investments:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,640&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,053,369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in local currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Held to maturity&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Fixed-income securities and funds in foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Available for sale&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;34,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,167&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,608&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;218,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,701,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,480,783&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;221,066&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial liabilities:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,428,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,881,085&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,338,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,542,165&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Debentures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,746,915&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Finance leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at amortized cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Currency and interest rate hedging instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;14&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 4.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Subscription warrants &amp;#8211; indemnification &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Measured at fair value through profit or loss&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,429&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,461,409&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,338,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,122,489&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock>
    <UGP:SummaryOfChangesInExchangeRateTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Risk&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I (likely)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Currency swaps receivable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(1) U.S. Dollar / Real swaps&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;198,138&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;690,432&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,182,726&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(2) Debts/firm commitments in dollars&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;appreciation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(198,130)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(690,415)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,182,700)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(1)+(2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Currency swaps payable in U.S. dollars&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(3) Real / U.S. Dollar swaps&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Dollar&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(97)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,486&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;(4) Gross margin of Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;devaluation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;97&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,486)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,069)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;(3)+(4)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Net effect&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&lt;u&gt;Risk&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario I (likely)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario II&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Scenario III&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Interest rate swap (in Brazilian Reais) &amp;#8211; Debentures - CRA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;(1) Fixed rate swap - CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Decrease in&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;95,292&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;192,204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;(2) Fixed rate debt&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Pre-fixed rate&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(13,691)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(95,292)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(192,204)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;&amp;#160;&amp;#160;(1) + (2)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;Net effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;-&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;</UGP:SummaryOfChangesInExchangeRateTableTextBlock>
    <UGP:SummaryOfContractsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 23%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Port&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Minimum movement in tons per year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 29%; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Aratu &lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;397,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Aratu&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;900,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Suape&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;250,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Suape&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;400,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;2029&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfContractsTableTextBlock>
    <UGP:SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 40%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 60%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maximum compensation value (*)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;US$ 1,142&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 924&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 740&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 150&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;R$ 160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock>
    <UGP:SummaryOfOperatingLeaseContractsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Up to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 20%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 15%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;62,832&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101,153&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 29%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Up to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Between 1 and 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;More than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;payable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;167,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;530,744&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;444,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,143,059&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;receivable&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(60,705)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(178,696)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(128,307)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(367,708)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfOperatingLeaseContractsTableTextBlock>
    <UGP:TradeReceivablesNoncurrent contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">329991000</UGP:TradeReceivablesNoncurrent>
    <UGP:TradeReceivablesNoncurrent contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">227085000</UGP:TradeReceivablesNoncurrent>
    <UGP:TradeReceivablesCurrent contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">4337118000</UGP:TradeReceivablesCurrent>
    <UGP:TradeReceivablesCurrent contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">3502322000</UGP:TradeReceivablesCurrent>
    <UGP:OpeningBalanceCblSA contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">6733000</UGP:OpeningBalanceCblSA>
    <UGP:CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">-143333</UGP:CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment>
    <UGP:OtherPrepaidExpenses contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">14733000</UGP:OtherPrepaidExpenses>
    <UGP:OtherPrepaidExpenses contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">7531000</UGP:OtherPrepaidExpenses>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">133617000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember" decimals="-3" unitRef="BRL">165725000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember" decimals="-3" unitRef="BRL">-32108000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_ifrs-full_GoodwillMember" decimals="-3" unitRef="BRL">123673000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_CommercialPropertyRightsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">42052000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_BrandsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_CommercialPropertyRightsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">-32108000</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
    <UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsOpeningOpeningBalanceCBLSA>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">-11203000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">19284000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember" decimals="-3" unitRef="BRL">3960000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsCostMember" decimals="-3" unitRef="BRL">-14613000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsCostMember" decimals="-3" unitRef="BRL">21996000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember" decimals="-3" unitRef="BRL">-1707000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember" decimals="-3" unitRef="BRL">3410000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember" decimals="-3" unitRef="BRL">-2712000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_ifrs-full_GoodwillMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">2431000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_CommercialPropertyRightsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_custom_BrandsMember" decimals="-3" unitRef="BRL">607000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsCostMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">922000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2017-01-01to2017-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">-1704000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsCostMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">-5159000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsCostMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsCostMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsCostMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">-1446000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">3433000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2016-01-01to2016-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsCostMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">4580000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsCostMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsCostMember_custom_CommercialPropertyRightsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
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    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsCostMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">1932000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_SoftwareMember" decimals="-3" unitRef="BRL">-2693000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_TechnologyMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_CommercialPropertyRightsMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_ifrs-full_OtherIntangibleAssetsMember" decimals="-3" unitRef="BRL">-19000</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation contextRef="From2015-01-01to2015-12-31_custom_IntangibleAssetsAccumulatedAmortizationMember_custom_DistributionRightsAssetMember" decimals="-3" unitRef="BRL">0</UGP:IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation>
    <UGP:ForeignLoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanOneMember">18-Jul</UGP:ForeignLoanMaturityDate>
    <UGP:ForeignLoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanTwoMember">18-Sep</UGP:ForeignLoanMaturityDate>
    <UGP:ForeignLoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanThreeMember">18-Nov</UGP:ForeignLoanMaturityDate>
    <UGP:ForeignLoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanFourMember">22-Jun</UGP:ForeignLoanMaturityDate>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">2794272000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturityThreeMember" decimals="-3" unitRef="BRL">172798000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturityFourMember" decimals="-3" unitRef="BRL">100571000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturityFiveMember" decimals="-3" unitRef="BRL">168392000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturitySixMember" decimals="-3" unitRef="BRL">1338979000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturitySevenMember" decimals="-3" unitRef="BRL">337844000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturityEightMember" decimals="-3" unitRef="BRL">337844000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:LoanMaturityBancoDeBrasil contextRef="From2017-01-01to2017-12-31_custom_MaturityNineMember" decimals="-3" unitRef="BRL">337844000</UGP:LoanMaturityBancoDeBrasil>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebentureReprice contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember">Not applicable</UGP:DebentureReprice>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember">Annually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember">Annually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember">Semiannually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebenturePaymentOfInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember">Annually</UGP:DebenturePaymentOfInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember">107.9% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember">107.9% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember">108.25% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember">105.0% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember">95% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember">IPCA + 4.7%</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember">105.0% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember">95% of CDI</UGP:DebentureInterestDescription>
    <UGP:DebentureInterestDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember">IPCA + 4.33%</UGP:DebentureInterestDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember">Annual as from May 2019</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember">Annual as from July 2021</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebenturePaymentOfFaceValueDescription contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember">Lump sum at final maturity</UGP:DebenturePaymentOfFaceValueDescription>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember">16-Nov-17</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember">20-Dec-18</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember">16-Mar-18</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember">25-May-21</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember">18-Apr-22</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember">15-Apr-24</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember">28-Jul-22</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember">24-Oct-22</UGP:DebentureFinalMaturity>
    <UGP:DebentureFinalMaturity contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember">24-Oct-24</UGP:DebentureFinalMaturity>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureOneMember" decimals="-3" unitRef="BRL">10000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureTwoMember" decimals="-3" unitRef="BRL">10000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureThreeMember" decimals="-3" unitRef="BRL">10000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureFourMember" decimals="-3" unitRef="BRL">1000000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureFiveMember" decimals="-3" unitRef="BRL">1000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureSixMember" decimals="-3" unitRef="BRL">1000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureSevenMember" decimals="-3" unitRef="BRL">1000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureEightMember" decimals="-3" unitRef="BRL">1000000</UGP:DebentureFaceValue>
    <UGP:DebentureFaceValue contextRef="From2017-01-01to2017-12-31_custom_DebentureNineMember" decimals="-3" unitRef="BRL">1000000</UGP:DebentureFaceValue>
    <UGP:EmployeeBenefitPlansOpeningBalanceCBLSA contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">44478000</UGP:EmployeeBenefitPlansOpeningBalanceCBLSA>
    <UGP:EmployeeBenefitPlansOpeningBalanceCBLSA contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">0</UGP:EmployeeBenefitPlansOpeningBalanceCBLSA>
    <UGP:NoncurrentProvisionAssetRetirementObligation contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">59975000</UGP:NoncurrentProvisionAssetRetirementObligation>
    <UGP:NoncurrentProvisionAssetRetirementObligation contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">73001000</UGP:NoncurrentProvisionAssetRetirementObligation>
    <UGP:NoncurrentProvisionAssetRetirementObligation contextRef="AsOf2015-12-31" decimals="-3" unitRef="BRL">69484000</UGP:NoncurrentProvisionAssetRetirementObligation>
    <ifrs-full:TradeAndOtherPayables contextRef="AsOf2017-12-31_custom_MoreThan5YearsMember" decimals="-5" unitRef="BRL">0</ifrs-full:TradeAndOtherPayables>
    <ifrs-full:TradeAndOtherPayables contextRef="AsOf2017-12-31_custom_LessThanOneYearMember" decimals="-5" unitRef="BRL">2155500000</ifrs-full:TradeAndOtherPayables>
    <ifrs-full:TradeAndOtherPayables contextRef="AsOf2017-12-31_custom_Between1And3YearsMember" decimals="-5" unitRef="BRL">0</ifrs-full:TradeAndOtherPayables>
    <ifrs-full:TradeAndOtherPayables contextRef="AsOf2017-12-31_custom_Between3And5YearsMember" decimals="-5" unitRef="BRL">0</ifrs-full:TradeAndOtherPayables>
    <ifrs-full:TradeAndOtherPayables contextRef="AsOf2017-12-31_custom_TotalMember" decimals="-5" unitRef="BRL">2155500000</ifrs-full:TradeAndOtherPayables>
    <UGP:LoansIncludingFutureContractualInterest contextRef="AsOf2017-12-31_custom_MoreThan5YearsMember" decimals="-5" unitRef="BRL">4279000000</UGP:LoansIncludingFutureContractualInterest>
    <UGP:LoansIncludingFutureContractualInterest contextRef="AsOf2017-12-31_custom_LessThanOneYearMember" decimals="-5" unitRef="BRL">3809900000</UGP:LoansIncludingFutureContractualInterest>
    <UGP:LoansIncludingFutureContractualInterest contextRef="AsOf2017-12-31_custom_Between1And3YearsMember" decimals="-5" unitRef="BRL">3514400000</UGP:LoansIncludingFutureContractualInterest>
    <UGP:LoansIncludingFutureContractualInterest contextRef="AsOf2017-12-31_custom_Between3And5YearsMember" decimals="-5" unitRef="BRL">4968000000</UGP:LoansIncludingFutureContractualInterest>
    <UGP:LoansIncludingFutureContractualInterest contextRef="AsOf2017-12-31_custom_TotalMember" decimals="-5" unitRef="BRL">16571300000</UGP:LoansIncludingFutureContractualInterest>
    <UGP:CargoPort contextRef="From2017-01-01to2017-12-31_custom_CargoContractOneMember">Aratu </UGP:CargoPort>
    <UGP:CargoPort contextRef="From2017-01-01to2017-12-31_custom_CargoContractTwoMember">Aratu</UGP:CargoPort>
    <UGP:CargoPort contextRef="From2017-01-01to2017-12-31_custom_CargoContractThreeMember">Suape</UGP:CargoPort>
    <UGP:CargoPort contextRef="From2017-01-01to2017-12-31_custom_CargoContractFourMember">Suape</UGP:CargoPort>
    <UGP:MinimumCargoMovementPerYear contextRef="From2017-01-01to2017-12-31_custom_CargoContractOneMember">397,000</UGP:MinimumCargoMovementPerYear>
    <UGP:MinimumCargoMovementPerYear contextRef="From2017-01-01to2017-12-31_custom_CargoContractTwoMember">900,000</UGP:MinimumCargoMovementPerYear>
    <UGP:MinimumCargoMovementPerYear contextRef="From2017-01-01to2017-12-31_custom_CargoContractThreeMember">250,000</UGP:MinimumCargoMovementPerYear>
    <UGP:MinimumCargoMovementPerYear contextRef="From2017-01-01to2017-12-31_custom_CargoContractFourMember">400,000</UGP:MinimumCargoMovementPerYear>
    <UGP:CargooAgreementMaturity contextRef="From2017-01-01to2017-12-31_custom_CargoContractOneMember">2031</UGP:CargooAgreementMaturity>
    <UGP:CargooAgreementMaturity contextRef="From2017-01-01to2017-12-31_custom_CargoContractTwoMember">2022</UGP:CargooAgreementMaturity>
    <UGP:CargooAgreementMaturity contextRef="From2017-01-01to2017-12-31_custom_CargoContractThreeMember">2027</UGP:CargooAgreementMaturity>
    <UGP:CargooAgreementMaturity contextRef="From2017-01-01to2017-12-31_custom_CargoContractFourMember">2029</UGP:CargooAgreementMaturity>
    <UGP:OperatingLeaseContractPayable contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">1143059000</UGP:OperatingLeaseContractPayable>
    <UGP:OperatingLeaseContractPayable contextRef="AsOf2017-12-31_custom_MoreThan5YearsMember" decimals="-3" unitRef="BRL">444582000</UGP:OperatingLeaseContractPayable>
    <UGP:OperatingLeaseContractPayable contextRef="AsOf2017-12-31_custom_UpTo1YearMember" decimals="-3" unitRef="BRL">167753000</UGP:OperatingLeaseContractPayable>
    <UGP:OperatingLeaseContractPayable contextRef="AsOf2017-12-31_custom_Between1And5YearsMember" decimals="-3" unitRef="BRL">530744000</UGP:OperatingLeaseContractPayable>
    <UGP:OperatingLeaseContractReceivable contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">-367708000</UGP:OperatingLeaseContractReceivable>
    <UGP:OperatingLeaseContractReceivable contextRef="AsOf2017-12-31_custom_MoreThan5YearsMember" decimals="-3" unitRef="BRL">-128307000</UGP:OperatingLeaseContractReceivable>
    <UGP:OperatingLeaseContractReceivable contextRef="AsOf2017-12-31_custom_UpTo1YearMember" decimals="-3" unitRef="BRL">-60705000</UGP:OperatingLeaseContractReceivable>
    <UGP:OperatingLeaseContractReceivable contextRef="AsOf2017-12-31_custom_Between1And5YearsMember" decimals="-3" unitRef="BRL">-178696000</UGP:OperatingLeaseContractReceivable>
    <UGP:AccumulatedUnrecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">17759000</UGP:AccumulatedUnrecognizedGrantCostsRelatedParties>
    <UGP:AccumulatedUnrecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember" decimals="-3" unitRef="BRL">12115000</UGP:AccumulatedUnrecognizedGrantCostsRelatedParties>
    <UGP:AccumulatedUnrecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember" decimals="-3" unitRef="BRL">5644000</UGP:AccumulatedUnrecognizedGrantCostsRelatedParties>
    <UGP:AccumulatedRecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">-784000</UGP:AccumulatedRecognizedGrantCostsRelatedParties>
    <UGP:AccumulatedRecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember" decimals="-3" unitRef="BRL">-527000</UGP:AccumulatedRecognizedGrantCostsRelatedParties>
    <UGP:AccumulatedRecognizedGrantCostsRelatedParties contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember" decimals="-3" unitRef="BRL">-257000</UGP:AccumulatedRecognizedGrantCostsRelatedParties>
    <UGP:GrantCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">18543000</UGP:GrantCostsIncludingTaxes>
    <UGP:GrantCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember" decimals="-3" unitRef="BRL">12642000</UGP:GrantCostsIncludingTaxes>
    <UGP:GrantCostsIncludingTaxes contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember" decimals="-3" unitRef="BRL">5901000</UGP:GrantCostsIncludingTaxes>
    <invest:InvestmentOptionsExercisePrice contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember" decimals="INF" unitRef="BRLPShares">76.38</invest:InvestmentOptionsExercisePrice>
    <invest:InvestmentOptionsExercisePrice contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember" decimals="INF" unitRef="BRLPShares">76.38</invest:InvestmentOptionsExercisePrice>
    <ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">166270</ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted>
    <ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted contextRef="From2017-01-01to2017-12-31_custom_RestrictedProgramMember" decimals="INF" unitRef="Shares">120000</ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted>
    <ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted contextRef="From2017-01-01to2017-12-31_custom_RestrictedAndPerformanceProgramMember" decimals="INF" unitRef="Shares">46270</ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted>
    <UGP:PostemploymentBenefitsNoncurrent contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">44478000</UGP:PostemploymentBenefitsNoncurrent>
    <UGP:RelatedPartiesNoncurrentAssets contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">7077000</UGP:RelatedPartiesNoncurrentAssets>
    <UGP:IndemnityAsset contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">202352000</UGP:IndemnityAsset>
    <ifrs-full:OtherReceivables contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">5257000</ifrs-full:OtherReceivables>
    <UGP:TemporaryGoodwillAsset contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">123673000</UGP:TemporaryGoodwillAsset>
    <UGP:TotalAssetsAcquiredAndGoodwill contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">889346000</UGP:TotalAssetsAcquiredAndGoodwill>
    <UGP:TotalAssetsAcquired contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">765673000</UGP:TotalAssetsAcquired>
    <UGP:TemporaryConsiderationTransferred contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">356077000</UGP:TemporaryConsiderationTransferred>
    <UGP:TemporaryGoodwill contextRef="AsOf2017-12-31_custom_AcquisitionDateMember" decimals="-3" unitRef="BRL">123673000</UGP:TemporaryGoodwill>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary38Member">2017</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary39Member">2018</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary40Member">2024</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary41Member">2025</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary42Member">2020</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary43Member">2022</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary44Member">2025</UGP:ExpirationYear>
    <UGP:ExpirationYear contextRef="From2017-01-01to2017-12-31_custom_Subsidiary45Member">2021</UGP:ExpirationYear>
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    <UGP:HedgingInstrumentsPositionFairValue contextRef="AsOf2016-12-31_custom_InterestRateSwapsInBrazilianReaisMember_custom_ReceivablesInFixedInterestRatesIPCAMember" decimals="-5" unitRef="BRL">0</UGP:HedgingInstrumentsPositionFairValue>
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    &lt;td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
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    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,046,516&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,790,979&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;10,086,919&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,941,526&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfPrincipalMaturityScheduleTableTextBlock>
    <UGP:SummaryOfForeignLoanMaturityTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; width: 68%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;US$ (million)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cost in % of CDI&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Jul/18&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;60.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;103.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Sep/18&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Nov/18 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Jun/22&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Total / average cost&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;320.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;102.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfForeignLoanMaturityTableTextBlock>
    <UGP:SummaryOfDebenturesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;November 16, 2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;107.9% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;December 20, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;107.9% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 10,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;March 16, 2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;108.25% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;May 25, 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Annual as from May 2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;105.0% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;April 18, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;95% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;April 15, 2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;IPCA + 4.7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;July 28, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Annual as from July 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;105.0% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;October 24, 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;95% of CDI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Semiannually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="width: 52%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Face value unit:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 48%; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;R$ 1,000.00&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Final maturity:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;October 24, 2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of the face value:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Lump sum at final maturity&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;IPCA + 4.33%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Payment of interest:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Annually&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top; background-color: #DAEEF3"&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Reprice:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Not applicable&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin: 0"&gt;&lt;/p&gt;</UGP:SummaryOfDebenturesTableTextBlock>
    <UGP:SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 35%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 20%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LPG bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LPG bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Software&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 0.05in; text-indent: -0.05in"&gt;&lt;font style="font-size: 8pt"&gt;Equipment and intangible assets, net of depreciation and amortization&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,732&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,078&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;223&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,301&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financing (present value)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,566&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,716&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,465&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;150&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,615&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,805&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,101&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,101&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="5" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 22%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LPG bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;LPG bottling facilities&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Software&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Up to 1 year&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,032&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 1 to 2 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 2 to 3 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 3 to 4 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;From 4 to 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,876&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;More than 5 years&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,516&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,516&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,176&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;69,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;156&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;70,052&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;


&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;</UGP:SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock>
    <UGP:EquityInstrumentGranted contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToShareholdersMember" decimals="-3" unitRef="BRL">536000</UGP:EquityInstrumentGranted>
    <UGP:EquityInstrumentGranted contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToNoncontrollingInterestsMember" decimals="-3" unitRef="BRL">0</UGP:EquityInstrumentGranted>
    <UGP:EquityInstrumentGranted contextRef="From2017-01-01to2017-12-31_custom_EquityInstrumentGrantedMember" decimals="-3" unitRef="BRL">536000</UGP:EquityInstrumentGranted>
    <UGP:EquityInstrumentGranted contextRef="From2017-01-01to2017-12-31_custom_ConsolidatedShareholdersEquityMember" decimals="-3" unitRef="BRL">536000</UGP:EquityInstrumentGranted>
    <ifrs-full:PurchaseOfTreasuryShares contextRef="From2017-01-01to2017-12-31_ifrs-full_CapitalReserveMember" decimals="-3" unitRef="BRL">-5374000</ifrs-full:PurchaseOfTreasuryShares>
    <ifrs-full:PurchaseOfTreasuryShares contextRef="From2017-01-01to2017-12-31_ifrs-full_TreasurySharesMember" decimals="-3" unitRef="BRL">-2066000</ifrs-full:PurchaseOfTreasuryShares>
    <ifrs-full:PurchaseOfTreasuryShares contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToShareholdersMember" decimals="-3" unitRef="BRL">-7440000</ifrs-full:PurchaseOfTreasuryShares>
    <ifrs-full:PurchaseOfTreasuryShares contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToNoncontrollingInterestsMember" decimals="-3" unitRef="BRL">0</ifrs-full:PurchaseOfTreasuryShares>
    <ifrs-full:PurchaseOfTreasuryShares contextRef="From2017-01-01to2017-12-31_custom_ConsolidatedShareholdersEquityMember" decimals="-3" unitRef="BRL">-7440000</ifrs-full:PurchaseOfTreasuryShares>
    <UGP:NoncontrollingInterestsChangesCBLSA contextRef="From2017-01-01to2017-12-31_custom_ValuationAdjustmentsMember" decimals="-3" unitRef="BRL">202188000</UGP:NoncontrollingInterestsChangesCBLSA>
    <UGP:NoncontrollingInterestsChangesCBLSA contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToShareholdersMember" decimals="-3" unitRef="BRL">202188000</UGP:NoncontrollingInterestsChangesCBLSA>
    <UGP:NoncontrollingInterestsChangesCBLSA contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToNoncontrollingInterestsMember" decimals="-3" unitRef="BRL">140436000</UGP:NoncontrollingInterestsChangesCBLSA>
    <UGP:NoncontrollingInterestsChangesCBLSA contextRef="From2017-01-01to2017-12-31_custom_ConsolidatedShareholdersEquityMember" decimals="-3" unitRef="BRL">342624000</UGP:NoncontrollingInterestsChangesCBLSA>
    <UGP:NoncontrollingInterestsAddedDueToBusinessCombination contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToShareholdersMember" decimals="-3" unitRef="BRL">0</UGP:NoncontrollingInterestsAddedDueToBusinessCombination>
    <UGP:NoncontrollingInterestsAddedDueToBusinessCombination contextRef="From2017-01-01to2017-12-31_custom_EquityAttributableToNoncontrollingInterestsMember" decimals="-3" unitRef="BRL">182603000</UGP:NoncontrollingInterestsAddedDueToBusinessCombination>
    <UGP:NoncontrollingInterestsAddedDueToBusinessCombination contextRef="From2017-01-01to2017-12-31_custom_ConsolidatedShareholdersEquityMember" decimals="-3" unitRef="BRL">182603000</UGP:NoncontrollingInterestsAddedDueToBusinessCombination>
    <UGP:TccMonetaryRestatement contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">-13509000</UGP:TccMonetaryRestatement>
    <UGP:TccMonetaryRestatement contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">0</UGP:TccMonetaryRestatement>
    <UGP:TccMonetaryRestatement contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">0</UGP:TccMonetaryRestatement>
    <UGP:ReversalOfProvision contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">43411000</UGP:ReversalOfProvision>
    <UGP:ReversalOfProvision contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">0</UGP:ReversalOfProvision>
    <UGP:ReversalOfProvision contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">0</UGP:ReversalOfProvision>
    <ifrs-full:FinanceCosts contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">1059397000</ifrs-full:FinanceCosts>
    <ifrs-full:FinanceCosts contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">1355819000</ifrs-full:FinanceCosts>
    <ifrs-full:FinanceCosts contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">1129767000</ifrs-full:FinanceCosts>
    <UGP:OtherAdjustmentsForNoncashItems1 contextRef="From2017-01-01to2017-12-31" decimals="-3" unitRef="BRL">-544000</UGP:OtherAdjustmentsForNoncashItems1>
    <UGP:OtherAdjustmentsForNoncashItems1 contextRef="From2016-01-01to2016-12-31" decimals="-3" unitRef="BRL">-374000</UGP:OtherAdjustmentsForNoncashItems1>
    <UGP:OtherAdjustmentsForNoncashItems1 contextRef="From2015-01-01to2015-12-31" decimals="-3" unitRef="BRL">0</UGP:OtherAdjustmentsForNoncashItems1>
    <UGP:ForeignLoanMaturityAmount contextRef="From2017-01-01to2017-12-31" decimals="-5" unitRef="BRL">320000000</UGP:ForeignLoanMaturityAmount>
    <UGP:ForeignLoanMaturityAmount contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanOneMember" decimals="-5" unitRef="BRL">60000000</UGP:ForeignLoanMaturityAmount>
    <UGP:ForeignLoanMaturityAmount contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanTwoMember" decimals="-5" unitRef="BRL">80000000</UGP:ForeignLoanMaturityAmount>
    <UGP:ForeignLoanMaturityAmount contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanThreeMember" decimals="-5" unitRef="BRL">80000000</UGP:ForeignLoanMaturityAmount>
    <UGP:ForeignLoanMaturityAmount contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanFourMember" decimals="-5" unitRef="BRL">100000000</UGP:ForeignLoanMaturityAmount>
    <UGP:AverageCostInPercentageOfCdi contextRef="From2017-01-01to2017-12-31" decimals="-5" unitRef="BRL">102900000</UGP:AverageCostInPercentageOfCdi>
    <UGP:AverageCostInPercentageOfCdi contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanOneMember" decimals="-5" unitRef="BRL">103000000</UGP:AverageCostInPercentageOfCdi>
    <UGP:AverageCostInPercentageOfCdi contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanTwoMember" decimals="-5" unitRef="BRL">101500000</UGP:AverageCostInPercentageOfCdi>
    <UGP:AverageCostInPercentageOfCdi contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanThreeMember" decimals="-5" unitRef="BRL">101400000</UGP:AverageCostInPercentageOfCdi>
    <UGP:AverageCostInPercentageOfCdi contextRef="From2017-01-01to2017-12-31_custom_ForeignLoanFourMember" decimals="-5" unitRef="BRL">105000000</UGP:AverageCostInPercentageOfCdi>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_ProfitOrLossMember" decimals="-5" unitRef="BRL">-157200000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_HedgingInstrumentEquityMember" decimals="-5" unitRef="BRL">-31400000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_ProfitOrLossMember_custom_NonderivativeFinancialInstrumentsMember" decimals="-5" unitRef="BRL">-104200000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_HedgingInstrumentEquityMember_custom_NonderivativeFinancialInstrumentsMember" decimals="-5" unitRef="BRL">-36700000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_ProfitOrLossMember_custom_NonderivativeFinancialInstrumentsMember" decimals="-5" unitRef="BRL">-28500000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_ProfitOrLossMember" decimals="-5" unitRef="BRL">-196800000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_HedgingInstrumentEquityMember_custom_NonderivativeFinancialInstrumentsMember" decimals="-5" unitRef="BRL">-14900000</ifrs-full:GainsLossesOnHedgingInstrument>
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    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_ProfitOrLossMember" decimals="-5" unitRef="BRL">-144200000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_HedgingInstrumentEquityMember" decimals="-5" unitRef="BRL">-25000000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_ProfitOrLossMember_custom_ExchangeRateSwapReceivableInUSDollarsMember" decimals="-5" unitRef="BRL">-72100000</ifrs-full:GainsLossesOnHedgingInstrument>
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    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_ProfitOrLossMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">15900000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_HedgingInstrumentEquityMember_custom_ExchangeRateSwapReceivableInUSDollarsMember" decimals="-5" unitRef="BRL">5300000</ifrs-full:GainsLossesOnHedgingInstrument>
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    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2017-01-01to2017-12-31_custom_HedgingInstrumentEquityMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">0</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_ProfitOrLossMember_custom_ExchangeRateSwapReceivableInUSDollarsMember" decimals="-5" unitRef="BRL">-177000000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_ProfitOrLossMember_custom_ExchangeRateSwapPayableInUSDollarsMember" decimals="-5" unitRef="BRL">9200000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_ProfitOrLossMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">-500000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_HedgingInstrumentEquityMember_custom_ExchangeRateSwapReceivableInUSDollarsMember" decimals="-5" unitRef="BRL">-13800000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_HedgingInstrumentEquityMember_custom_ExchangeRateSwapPayableInUSDollarsMember" decimals="-5" unitRef="BRL">0</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2016-01-01to2016-12-31_custom_HedgingInstrumentEquityMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">0</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_ProfitOrLossMember_custom_ExchangeRateSwapReceivableInUSDollarsMember" decimals="-5" unitRef="BRL">-143100000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_ProfitOrLossMember_custom_ExchangeRateSwapPayableInUSDollarsMember" decimals="-5" unitRef="BRL">-2200000</ifrs-full:GainsLossesOnHedgingInstrument>
    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_ProfitOrLossMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">1100000</ifrs-full:GainsLossesOnHedgingInstrument>
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    <ifrs-full:GainsLossesOnHedgingInstrument contextRef="From2015-01-01to2015-12-31_custom_HedgingInstrumentEquityMember_custom_InterestRateSwapsBRLMember" decimals="-5" unitRef="BRL">0</ifrs-full:GainsLossesOnHedgingInstrument>
    <UGP:ForfeitureOfSharesGranted contextRef="From2017-01-01to2017-12-31" decimals="INF" unitRef="Shares">100000</UGP:ForfeitureOfSharesGranted>
    <UGP:ForfeitureOfSharesGranted contextRef="From2016-01-01to2016-12-31" decimals="INF" unitRef="Shares">190000</UGP:ForfeitureOfSharesGranted>
    <ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
Company and its subsidiaries review, every report period, the existence of any indication that an asset may be impaired and annually
test intangible assets with indefinite useful life. If there is an indication, the Company and its subsidiaries estimate the recoverable
amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash
flow from continuous use and that are largely independent of cash flows of other assets (cash generating units &amp;#8220;CGU&amp;#8221;).
The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs
and their value in use.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;The
fair value less costs of disposal is determined by the price that would be received to sell an asset in an orderly transaction
between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring
an asset into condition for its sale, legal costs, and taxes.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;To
assess the value in use, the Company and its subsidiaries consider the projections of future cash flows, trends, and outlooks,
as well as the effects of obsolescence, demand, competition, and other economic factors. Such cash flows are discounted to their
present values &amp;#8203;&amp;#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing
and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less
than their carrying amount, an impairment loss is recognized for the amount by which the carrying value exceeds the fair value
of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU,
the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses,
the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment
losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortization, if the impairment had not been recognized.&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;

&lt;p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222; text-align: justify"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif; color: Black"&gt;No
impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015. For the year ended
December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond to R$ 1,695 related
to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina. There is a space missing
(ended December): No impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015.
For the year ended December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond
to R$ 1,695 related to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina.&lt;/font&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory>
    <UGP:SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;178,444&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,380&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,008)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance on
    12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;200,816&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: transparent"&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: transparent; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,402&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,886)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: transparent"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on
    12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: transparent; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;233,332&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Opening balance CBL S.A. (see Note 3.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,733&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,427&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,912)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance
    on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="3" style="vertical-align: bottom; border-bottom: Black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;295,580&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 87%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock>
    <UGP:SummaryOfProvisionForLossesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,325&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Additions to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,003&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Reversals of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,336)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,992&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;12,393&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;886&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,271&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversals to net realizable value adjustment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(6,713)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Reversals of obsolescence and other losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,459)&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="5" style="vertical-align: bottom; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance  on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; background-color: transparent; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,099&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 85%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfProvisionForLossesTableTextBlock>
    <UGP:SummaryOfProvisionForIcmsLossesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,657&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: #DAEEF3"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&lt;font style="font-size: 8pt"&gt;Write-offs, additions and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,766)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;64,891&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions, write-offs and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;68,683&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions, write-offs and reversals, net&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,393&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="4" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,076&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 87%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 7%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfProvisionForIcmsLossesTableTextBlock>
    <UGP:SummaryOfChangesInNumberOfSharesGrantedTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; width: 83%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,727,264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares granted on March 4, 2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares vested and transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(417,192)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,500,072&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares granted on March 4, 2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Forfeiture of granted shares due to termination of executive employment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(143,333)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Shares vested and transferred&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(273,341)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,183,398&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfChangesInNumberOfSharesGrantedTableTextBlock>
    <UGP:SummaryOfBalancesAndChangesInJointVenturesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="9" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Movements in investments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Uni&amp;#227;o Vopak&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;RPR&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;ConectCar&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2014&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;4,960&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;24,076&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;25,472&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;54,508&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,080&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Advance for Future Capital Increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;699&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,248&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,234)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,287)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,114)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,345)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,459)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;&amp;#160;4,545&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;31,514&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;43,318&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;79,377&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,281&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,935)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,935)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends and interest on equity (gross)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,915)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,915)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(24,384)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,334&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;4,518&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;45,409&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;66,215&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;116,142&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capital increase&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Valuation adjustments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dividends and interest on equity (gross)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(30,959)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(30,959)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint ventures&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,210&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(20,989)&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;16,799&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Balance on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;6,096&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;54,739&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;61,226&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;122,061&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 47%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 2%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBalancesAndChangesInJointVenturesTableTextBlock>
    <UGP:SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 30%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 6%; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Opening balance CBLSA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;520,575&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,319&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,039&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(969)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,574&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;34,636&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;579,174&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,440,204&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,677&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95,630&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,409)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,998&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,767&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,639,867&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;796,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,819&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;116,698&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(14,494)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;912,555&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,225,056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;130,154&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105,060&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(16,069)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;277,730&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,721,931&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,429,079&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;131,134&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;78,568&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(29,935)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;112,229&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,721,075&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;619,511&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;59,598&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,149)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(34,263)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;643,697&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;271,133&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,428&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,948&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(21,055)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,841&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;287,295&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;204,550&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;35,078&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(834)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,756&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;266,494&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;523,285&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;766,775&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(386,198)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,192&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,950&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;929,000&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;96,423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;61,536&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(48,722)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,930&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;112,167&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;58&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,182&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(450)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;288,705&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;42,638&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,095&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,081)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;170&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;19,495&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;353,022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,415,100&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,285,338&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,706)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(131,113)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;341,198&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,246&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,167,063&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(632,908)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(46,795)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;130&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,535&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(28,365)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,005)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(724,408)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(412,449)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(71,660)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(166)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,624&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(475,651)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,474,504)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(258,068)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(139)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(257,629)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,980,166)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,383,069)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(144,884)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(29)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;26,907&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(44,731)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,545,806)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(276,414)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(45,838)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;130&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,157&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(305,965)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(101,082)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(21,740)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,365&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,823)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(112,200)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(120,747)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(15,128)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(9)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;594&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(9,275)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,010)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(148,575)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(220,421)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(24,481)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;148&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;991&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(121)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(16,975)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(260,859)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,621,594)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(628,594)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;145&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;81,347&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(297,213)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(87,721)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,553,630)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision for losses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(104)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;197&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(104)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(560)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(8)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,347)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(397)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(25)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,724)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(336)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;167&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(169)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,524)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(511)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(33)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,645)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,787,982&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,284,827&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(628,594)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(49,343)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;43,952&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;172,525&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,607,788&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 29%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;524,159&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;157&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;218&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(202)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,757)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;520,575&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,382,603&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,597&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;68,989&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(281)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,704)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,440,204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;701,183&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;87,312&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,078)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;796,521&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,991,839&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;117,157&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;164,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10,209)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(38,614)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,225,056&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,282,462&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;113,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;56,213&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(22,758)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,429,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;541,351&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,435&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(30,857)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;619,511&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;258,776&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;25,882&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,559&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,575)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(509)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;271,133&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;170,695&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,319&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,315)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,104)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;204,550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;437,533&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;487,651&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(384,335)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(535)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(17,029)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;523,285&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;102,465&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(13,781)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,386)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;96,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,201&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,007&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(8,895)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(255)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,685&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,574&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,448&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,441)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;288,705&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,564,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,039,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(9,999)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,371)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,804)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,415,100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(591,831)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(43,778)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;151&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,537&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(632,908)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(359,117)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(55,913)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;339&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,235&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(412,449)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,241,244)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(242,419)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,099&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,536&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,476)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,474,504)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,270,797)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(130,613)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;18,341&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,383,069)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(249,234)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(40,941)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,761&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(276,414)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(92,457)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(19,991)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,234&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;132&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(101,082)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(110,259)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(11,146)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;868&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(215)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(120,747)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(203,793)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(19,225)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,488&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,112&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(220,421)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,118,732)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564,026)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,453&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;57,614&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;97&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,621,594)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision for losses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(659)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;103&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(560)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,739)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(281)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;325&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;348&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,347)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,306)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;970 &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(336)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,985)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(285)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,295&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;451&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,524)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,438,895&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,039,377&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(564,026)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,546)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(30,462)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(89,256)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,787,982&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 30%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Depreciation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 5%; padding-right: 1.4pt; padding-left: 3.35pt; text-align: right; line-height: 107%; text-indent: -3.35pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;476,107&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;45,843&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,077&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,947)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,079&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;524,159&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;31&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,275,728&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,521&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;86,725&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,060)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,382,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;631,342&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;17,825&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;55,615&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,599)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;701,183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,909,475&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;99,038&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;108,286&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,300)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(112,660)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,991,839&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&amp;#160;&lt;/p&gt;
        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;14&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,096,563&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;121,746&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;81,386&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(17,233)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,282,462&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;494,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;83,608&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,777&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(39,725)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;541,351&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;244,467&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;21,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,358&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,341)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(591)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;258,776&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;156,115&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;14,198&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,888&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(440)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,066)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;170,695&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Construction in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;372,974&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;373,774&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(337,967)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;31,302&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;437,533&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;19,527&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,685&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(18,095)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,125&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Imports in progress&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;59&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,959&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(817)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,201&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;239,930&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;24,255&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,810)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;186&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;260,685&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,916,978&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;829,335&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,643)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(108,005)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(72,053)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,564,612&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Accumulated depreciation:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Buildings&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(565,308)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(40,766)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(591,831)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(313,647)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(48,132)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,661&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(359,117)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,158,390)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(234,792)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(240)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,005&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;143,173&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,241,244)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,164,074)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(116,010)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,287&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,270,797)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;LPG tanks and bottles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(231,001)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(34,392)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(136)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,295&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(249,234)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Vehicles&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(90,004)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(15,769)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;369&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,126&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;821&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(92,457)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(105,483)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(10,050)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;323&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(110,259)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(189,859)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(16,872)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,667&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(722)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(203,793)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,817,766)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(516,783)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;55,283&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;160,532&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 0.05in; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,118,732)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Provision for losses:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances to suppliers&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(83)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(197)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Leasehold improvements&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(462)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(199)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Machinery and equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(5,895)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,137)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,964&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(671)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,739)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Automotive fuel/lubricant distribution equipment&amp;#160;and facilities&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,342)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;36&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,306)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IT equipment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(683)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;683&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 0.05in; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Furniture and utensils&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7,241)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,563)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,689&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(870)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(6,985)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Net amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,091,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;826,772&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(516,783)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,641)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(49,033)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;87,609&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,438,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock>
    <UGP:SummaryOfBalancesInIntangibleAssetsTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 24%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Opening balance CBLSA&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;123,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;641,691&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;207,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,447&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,193)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,431&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;853,079&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font-size: 8pt"&gt;Commercial&amp;#160;property&amp;#160;&lt;/font&gt;&lt;/p&gt;
                                                                                &lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;font style="font-size: 8pt"&gt;rights (iv)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,258&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,837&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(68)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,958)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,651,316&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;580,011&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,052&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,273,379&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;112,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;607&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;113,543&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;39,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;420&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;922&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;40,514&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,975,474&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;801,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,379&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,151)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,960&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;165,725&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,946,358&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&lt;font style="font-size: 8pt"&gt;Accumulated&amp;#160;amortization:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(396,702)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59,579)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,191&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,704)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(456,799)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,469)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(72)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,541)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,568)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,689)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,957&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,292)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,131,826)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(500,488)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,635)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,108)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,677,057)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,310)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,883)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31,196)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(571,711)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,148&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,707)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(32,108)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3,218,885)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,371,599&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;801,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(571,711)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,253)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(3)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,253&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;133,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,727,473&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 22%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Effect of foreign currency exchange rate variation&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,695)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,454,484&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;539,522&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,734&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,601&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,159)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;641,691&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,588&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,303&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(633)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,258&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278,487&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;543,527&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(170,698)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,651,316&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,944&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;112,936&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,511,288&lt;/font&gt;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
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&lt;tr style="vertical-align: bottom"&gt;
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    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
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    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,131,826)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,369)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,835)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(83)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,310)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,217,353)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(554,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;164,426&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;566&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,410&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,603,875)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,293,935&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;651,171&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(554,924)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(4,631)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,749)&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(11,203)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,371,599&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Weighted average useful life (years)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Additions&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 6%; border-bottom: Black 1pt solid; padding-top: 10pt; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; font-family: Cambria, Times, Serif; color: #404040; font-style: italic"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Transfer&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Write-offs and disposals&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;Effect of foreign currency &lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;exchange rate variation&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 4.25pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Cost:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Goodwill (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,456,179&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Software (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;451,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;82,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;453&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,580&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;539,522&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;32,617&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights (iv)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;10&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;31,881&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,994&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(287)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;5&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,762,985&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;515,502&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,278,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Brands (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,458&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,484&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;120,944&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Others (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;38,606&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,492&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(79)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,932&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;46,951&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,879,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;609,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;376&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(346)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;21,996&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,511,288&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Accumulated&amp;#160;amortization:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Software&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(303,780)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(44,346)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;59&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,693)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(350,760)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Technology&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(29,471)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,785)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(31,256)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Commercial property rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(14,545)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,643)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;209&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(16,979)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Distribution rights&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,366,128)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(433,869)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,992)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,802,989)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 12pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,625)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(7,821)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;96&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,369)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,721,549)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(490,464)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,896)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;268&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,712)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,217,353)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 6.5pt; text-indent: -5.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Net amount&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,158,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;609,600&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(490,464)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,520)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(78)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;19,284&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,293,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;</UGP:SummaryOfBalancesInIntangibleAssetsTextBlock>
    <UGP:SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; width: 33%; padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Up
        to 1 year&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-family: Cambria, Times, Serif; color: #404040; font-style: italic"&gt;&lt;font style="font: normal 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;1
    to 2 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2
        to 3 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;3
        to 4 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;4
        to 5 years&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt/110% Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;More
    than 5 years&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,388&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,464&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,546&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,632&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,723&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,545&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,628&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,317&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;599&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;385&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;136&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,065&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,151&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,971&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;5,798&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;931&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;171&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;111&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;642&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;354&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;264&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,740&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,076&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,342&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,921&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,155&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,086&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock>
    <UGP:SummaryOfTransactionCostsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effective rate of transaction costs (% p.a.)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Incurred cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,612&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,314)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;15,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,182&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,117)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,065&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,835&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;42,388&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(4,514)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,211&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;563&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,561)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,952&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,418&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(569)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,801&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;39,792&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,369&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(12,075)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;72,086&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Effective rate of transaction costs (% p.a.)&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Incurred cost&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Amortization&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco do Brasil (14.f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,883&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,529&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(3,230)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;12,182&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign Loans (14.c)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,649&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,438)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,211&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures (14.g)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.1&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,801&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,407&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(1,373)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,835&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes in the foreign market (14.b)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,821&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(209)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;16,612&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;0.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;545&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,079&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(672)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,952&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;18,878&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,836&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(7,922)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;39,792&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="width: 38%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 8%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 13%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; line-height: 107%"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfTransactionCostsTableTextBlock>
    <UGP:SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 87%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Balance
    on 12/31/2016&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,214,773&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;New
    loans and debentures with cash effect&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,510,694&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest
    accrued&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;925,421&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Principal
    payment and financial leases&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(2,467,391)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Interest
    payment&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(769,740)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Monetary
    variation&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;37,937&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Change
    in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;(24,849)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Balance
    on 12/31/2017&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,426,845&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock>
    <UGP:SummaryOfCompostionOfLoansTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;a.&amp;#160;&amp;#160;Composition&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Index/Currency&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Weighted
    average financial charges 12/31/2017 &amp;#8211; % p.a.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    currency &amp;#8211; denominated loans:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Notes
    in the foreign market (b) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,454,142&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,412,112&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.1) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;788,794&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;942,456&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
    + LIBOR (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.1) (*)&lt;/font&gt; &lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;298,927&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;332,650&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
+ LIBOR (i)    &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.9&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    loan (c.2, c.3 and c.4)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;259,015&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;486,451&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$ &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;330,755&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;195,021&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$
    + LIBOR (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2019
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;106,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;109,859&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.8&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;27,048&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;24,586&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;MX$
    (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+8.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Foreign
    currency advances delivered&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;26,080&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.2&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#60;
    54 days&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Advances
    on foreign exchange contracts&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;44,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;111,066&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#60;
    92 days&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,460&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;7,137&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;US$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+6.4&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,382&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,569&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;MX$
    + TIIE (ii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Financial
    institutions (e)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;435&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Bs$
    (vii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+24.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Subtotal
    foreign currency&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,344,456&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;4,663,924&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Brazilian
    Reais &amp;#8211; denominated loans:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    - Ipiranga (g.1, g.2, g.4 and g.6)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,836,741&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,914,498&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;105.8&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Brasil &amp;#8211; floating rate (f)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,794,272&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,956,547&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;107.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    - 5th issuance (g.3)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;817,654&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;832,383&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;108.3&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    &amp;#8211; CRA (g.5)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;1,380,852&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;95.0&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Debentures
    &amp;#8211; CRA (g.5) (*)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;554,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IPCA&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+4.6&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2024&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;206,423&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;307,593&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.4&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Export
    Credit Note &amp;#8211; floating rate (h)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;157,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;158,753&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;CDI&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;101.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;69,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;71,430&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SELIC
    (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+2.3&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    EXIM&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;62,754&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;62,084&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+3.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Finance
    leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,515&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,566&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;IGP-M
    (v)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2031&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINEP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;35,611&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;48,667&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+4.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINEP&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;32,682&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;34,613&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+1.0&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Banco
    do Nordeste do Brasil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,136&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;47,120&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$
    &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+8.5&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    EXIM&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;30,850&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;28,056&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;SELIC
    (vi)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+3.9&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;BNDES
    (d)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;26,270&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;40,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;R$&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.6&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;FINAME&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;56&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;80&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;TJLP
    (iii)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;+5.7&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2018
    to 2022&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Fixed
    finance leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;41&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Floating
    finance leases (i)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;109&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Subtotal
    Brazilian Reais&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;9,082,389&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;6,550,849&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total
    foreign currency and Brazilian Reais&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,426,845&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,214,773&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Currency
    and interest rate hedging instruments (**)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;163,749&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;202,357&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;13,590,594&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;11,417,130&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 37%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 11%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;3,503,675&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 9%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;2,475,604&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;Non-current&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;10,086,919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;8,941,526&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;
    &lt;td&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfCompostionOfLoansTableTextBlock>
    <UGP:SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: top; background-color: white"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Valuation adjustments&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/p&gt;
        &lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"&gt;&lt;b&gt;Fair value of cash flow hedging instruments
        &lt;/b&gt;&lt;/p&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Fair value of financial instruments classified as available for sale&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Actuarial gains (losses) of post-employment benefits&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Non-controlling shareholders interest change&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Cumulative translation adjustment &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: top"&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on  12/31/2014&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;51&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,098&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,149&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,192&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Translation&amp;#160;of&amp;#160;foreign&amp;#160;subsidiaries,&amp;#160;net&amp;#160;of&amp;#160;income&amp;#160;tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,733&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,472&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,733&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial gains of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,321&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial gains&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,250)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,523&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,169&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;18,953&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,925&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Translation of foreign subsidiaries, net of income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(59,406)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(46,470)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(1,523)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(47,993)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,326&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial losses of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,435)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(12,435)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,162&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance on 12/31/2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(26,883)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,896&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,987)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,519&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 8.8pt; text-indent: -8.8pt"&gt;&lt;font style="font-size: 8pt"&gt;Translation of foreign subsidiaries, net of income tax&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,542&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Changes in fair value of hedge instruments&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(2,550)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on fair value&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,069&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Actuarial losses of post-employment benefits&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,658)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,658)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt"&gt;&lt;font style="font-size: 8pt"&gt;Income and social contribution taxes on actuarial losses&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,581&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;9,581&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Balance
    on 12/31/2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27,364)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,181)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;202,188&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;159,643&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td colspan="2" style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;53,061&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock>
    <UGP:DisclosureOfSegmentInformationExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Company operates five main business segments:
gas distribution, fuel distribution, chemicals, storage and drugstores. The gas distribution segment (Ultragaz) distributes LPG
to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The
fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene,
natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The chemicals segment (Oxiteno)
produces ethylene oxide and its main derivatives and fatty alcohols, which are raw materials used in the home and personal care,
agrochemical, paints, varnishes, and other industries. The storage segment (Ultracargo) operates liquid bulk terminals, especially
in the Southeast and Northeast regions of Brazil. The drugstores segment (Extrafarma) trades pharmaceutical, hygiene, and beauty
products through its own drugstore chain in the states of Amap&amp;#225;, Bahia, Cear&amp;#225;, Maranh&amp;#227;o, Par&amp;#225;, Para&amp;#237;ba,
Pernambuco, Piau&amp;#237;, Rio Grande do Norte, S&amp;#227;o Paulo, Sergipe and Tocantins. The segments shown in the financial statements
are strategic business units supplying different products and services. Intersegment sales are at prices similar to those that
would be charged to third parties.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The main financial information of each of the
Company&amp;#8217;s segments are stated as follows:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,069,340&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,365,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,621,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,730,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,407,305&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,349,812&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,957,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,700,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,082,479&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;438,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;355,412&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;315,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,869,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,336,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,065,606&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,407,154&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,705,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,504&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,244&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Intersegment sales&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(108,936)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99,703)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(95,268)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Intersegment sales:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,217&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,942&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;964&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,519&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,576&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,941&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,395&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;58,274&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,998&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,301&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,270&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;108,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;95,268&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services, excluding intersegment sales:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,067,123&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,362,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,618,215&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,729,892&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,407,305&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,349,786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,956,665&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,698,184&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079,903&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;384,186&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;306,471&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;271,115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,869,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,336,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;90&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;203&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Operating income (expense):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;269,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;288,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;213,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,415,534&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,383,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,154,606&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,262&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;308,177&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;579,541&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,880&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;127,904&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(16,058)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36,854)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,577)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,985&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,862,947&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,102,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,936,969&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,561&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,866,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,105,710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,961,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint-ventures and associates: &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,245&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,777)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,178)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,779)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,417&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;975&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,003&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,537)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,269)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,132)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,476&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,884)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial result, net&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(842,576)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,338)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income before income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,413,297&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,270,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,247,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions to property, plant, and equipment and intangible assets (excluding intersegment account balances):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;244,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;248,627&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;251,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,077,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;911,927&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;921,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,967&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;291,294&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,028&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,166&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,183&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,454&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,813&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,064,683&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,673,468&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,414,687&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,626&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,365&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,087,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,690,833&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,438,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset retirement obligation &amp;#8211; fuel tanks (see Note 19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(537)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(483)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(625)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capitalized borrowing costs&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,243)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,980)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(25,207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total investments in property, plant, and equipment and intangible assets (cash flow)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,064,529&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,666,370&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,413,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 66%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Depreciation and amortization charges: &lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,833&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,193&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143,207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;716,831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;695,664&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;612,727&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;149,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,261&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,669&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;41,668&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;60,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,666&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,161,299&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,089,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;979,607&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,652&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,943&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,040&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,175,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,103,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,002,647&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total assets (excluding intersegment account balances):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,438,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,308,686&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,410,667&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,663,289&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,562,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,354,788&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,394,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535,815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,950,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,719,524&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,755,227&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,582,102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;585,095&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;577,568&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,159,670&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 428.25pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;sup&gt;(1)&lt;/sup&gt; Composed of the parent company
Ultrapar (including goodwill of certain acquisitions) and subsidiaries Serma - Associa&amp;#231;&amp;#227;o dos Usu&amp;#225;rios de Equipamentos
de Processamento de Dados e Servi&amp;#231;os Correlatos (&amp;#8220;Serma&amp;#8221;) and Imaven Im&amp;#243;veis Ltda.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;u&gt;Geographic Area Information&lt;/u&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The fixed and intangible assets of the Company and its subsidiaries
are located in Brazil, except those related to Oxiteno&amp;#8217; plants abroad, as shown below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;United States of America &lt;sup&gt;(*)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;511,912&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;264,478&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexico &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;109,034&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;103,051&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,876&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,251&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,480&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;709,302&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;440,769&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;sup&gt;(*) &lt;/sup&gt;The increase refers to the construction of a new plant
in Pasadena, Texas.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;The subsidiaries generate revenue from operations in Brazil, Mexico,
United Stated of America, Uruguay and Venezuela, as well as from exports of products to foreign customers, as disclosed below:&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 63%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Brazil&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;78,763,771&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;76,283,061&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,337,803&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Mexico&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,205&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;183,124&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;215,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Uruguay&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,873&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;33,782&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;37,938&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Venezuela&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,788&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;25,393&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Other Latin American countries&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;427,875&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;448,814&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;392,748&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;United States of America and Canada&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;292,709&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,280&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;166,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Far East&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;72,469&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;57,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;190,160&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Europe&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;119,097&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;97,261&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;101,931&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;52,635&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;55,256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;Sales to the foreign market are made substantially by the Oxiteno
segment.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:DisclosureOfSegmentInformationExplanatory>
    <UGP:SummaryOfFinancialInformationOfSegmentsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,069,340&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,365,524&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,621,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,730,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,407,305&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,349,812&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,957,584&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,700,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,082,479&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;438,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;355,412&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;315,510&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,869,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,336,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,065,606&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,407,154&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,705,298&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,504&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,244&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Intersegment sales&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(108,936)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(99,703)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(95,268)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Intersegment sales:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,217&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,942&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,027&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;964&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;919&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,519&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,576&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,174&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;48,941&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;44,395&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;58,274&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;54,402&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;49,998&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;50,662&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,301&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;45,270&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;108,936&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;99,703&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;95,268&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Net revenue from sales and services, excluding intersegment sales:&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,067,123&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,362,582&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,618,215&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;67,729,892&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;66,407,305&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;65,349,786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,956,665&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,698,184&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,079,903&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;384,186&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;306,471&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;271,115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,869,466&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,336,255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,332&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,752&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;90&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;203&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,007,422&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;77,352,955&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;75,655,274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Operating income (expense):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;269,125&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;288,449&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;213,895&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,415,534&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,383,585&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,154,606&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,262&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;308,177&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;579,541&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;74,880&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;127,904&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(16,058)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(36,854)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(5,577)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;4,985&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,862,947&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,102,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,936,969&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,973&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,172&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,561&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,866,920&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;3,105,710&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,961,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Share of profit (loss) of joint-ventures and associates: &lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,245&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(39)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,777)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,178)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(21,779)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,417&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;975&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,003&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,578&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(27)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(15,537)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,269)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(19,132)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;36,210&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;29,745&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;8,248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;20,673&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;7,476&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(10,884)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Financial result, net&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(474,296)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(842,576)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(703,338)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Income before income and social contribution taxes&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,413,297&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,270,610&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,247,308&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Additions to property, plant, and equipment and intangible assets (excluding intersegment account balances):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;244,187&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;248,627&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;251,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,077,318&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;911,927&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;921,634&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;466,967&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;291,294&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;136,314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;105,028&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;81,166&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,463&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma &lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;171,183&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;140,454&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;80,813&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,064,683&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,673,468&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,414,687&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 7.1pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;22,626&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;17,365&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,087,309&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,690,833&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,438,935&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Asset retirement obligation &amp;#8211; fuel tanks (see Note 19)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(537)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(483)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(625)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Capitalized borrowing costs&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(22,243)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(23,980)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;(25,207)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total investments in property, plant, and equipment and intangible assets (cash flow)&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,064,529&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,666,370&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,413,103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="width: 66%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Depreciation and amortization charges: &lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;182,833&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,193&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;143,207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;716,831&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;695,664&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;612,727&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;153,110&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;149,716&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;158,261&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;47,669&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;43,356&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;41,668&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;60,856&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;42,666&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,161,299&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,089,595&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;979,607&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;14,652&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;13,943&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,040&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,175,951&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,103,538&lt;/font&gt;&lt;/td&gt;
    &lt;td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,002,647&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;</UGP:SummaryOfFinancialInformationOfSegmentsTableTextBlock>
    <UGP:SummaryOfAssetReclassificationTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total assets (excluding intersegment account balances):&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultragaz&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,438,113&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,308,686&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ipiranga&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;15,410,667&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;11,663,289&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oxiteno&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,562,360&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;6,354,788&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Ultracargo&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,394,087&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,535,815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Extrafarma&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,950,000&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,719,524&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;27,755,227&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;23,582,102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Others &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;585,095&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;577,568&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="vertical-align: bottom; background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;28,340,322&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;24,159,670&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</UGP:SummaryOfAssetReclassificationTableTextBlock>
    <ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Acquisition under approval&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On January 30, 2018, the Company through
its subsidiary Tequimar entered into a sale and purchase agreement for the acquisition of 100% of the quotas of TEAS Terminal
Exportador de &amp;#193;lcool de Santos Ltda. (&amp;#8220;TEAS&amp;#8221;), owned by Ra&amp;#237;zen Energia S.A. and Ra&amp;#237;zen Araraquara
A&amp;#231;&amp;#250;car e &amp;#193;lcool Ltda., which had already been operated by the subsidiary Tequimar in the Port of Santos. The
purchase price of the acquisition was R$ 103 million. The closing of the acquisition is subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On February 14, 2018, this transaction was approved
without restrictions through an opinion issued by the General Superintendence of CADE. The parties must wait 15 days for the
approval to be formally validated.&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;&lt;i&gt;Issuance of Debentures&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;In February 2018, the Company made its sixth
issuance of debentures in a single series of 1,725,000, simple, non-convertible into shares, nominative, book-entry and unsecured
debentures with a par value of R$ 1,000.00, final maturity in 5 years (lump sum at final maturity) and interest of 105.25% of CDI.&lt;/p&gt;</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
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    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2017-12-31_custom_Loan27Member" decimals="-3" unitRef="BRL">26270000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2017-12-31_custom_Loan28Member" decimals="-3" unitRef="BRL">56000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2017-12-31_custom_Loan29Member" decimals="-3" unitRef="BRL">0</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2017-12-31_custom_Loan30Member" decimals="-3" unitRef="BRL">0</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan13Member" decimals="-3" unitRef="BRL">1914498000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan14Member" decimals="-3" unitRef="BRL">2956547000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan15Member" decimals="-3" unitRef="BRL">832383000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan16Member" decimals="-3" unitRef="BRL">0</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan17Member" decimals="-3" unitRef="BRL">0</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan18Member" decimals="-3" unitRef="BRL">307593000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan19Member" decimals="-3" unitRef="BRL">158753000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan20Member" decimals="-3" unitRef="BRL">71430000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan21Member" decimals="-3" unitRef="BRL">62084000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan22Member" decimals="-3" unitRef="BRL">48566000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan23Member" decimals="-3" unitRef="BRL">48667000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan24Member" decimals="-3" unitRef="BRL">34613000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan25Member" decimals="-3" unitRef="BRL">47120000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan26Member" decimals="-3" unitRef="BRL">28056000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan27Member" decimals="-3" unitRef="BRL">40309000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan28Member" decimals="-3" unitRef="BRL">80000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan29Member" decimals="-3" unitRef="BRL">41000</UGP:BrazilianRealDenominatedLoans>
    <UGP:BrazilianRealDenominatedLoans contextRef="AsOf2016-12-31_custom_Loan30Member" decimals="-3" unitRef="BRL">109000</UGP:BrazilianRealDenominatedLoans>
    <UGP:LoanDebt contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">13590594000</UGP:LoanDebt>
    <UGP:LoanDebt contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">11417130000</UGP:LoanDebt>
    <UGP:CurrentDebt contextRef="AsOf2017-12-31" decimals="-3" unitRef="BRL">3503675000</UGP:CurrentDebt>
    <UGP:CurrentDebt contextRef="AsOf2016-12-31" decimals="-3" unitRef="BRL">2475604000</UGP:CurrentDebt>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan1Member">Notes in the foreign market (b)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan2Member">Foreign loan (c.1)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan3Member">Foreign loan (c.1)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan4Member">Foreign loan (c.2, c.3 and c.4)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan5Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan6Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan7Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan8Member">Foreign currency advances delivered</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan9Member">Advances on foreign exchange contracts</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan10Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan11Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan12Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan13Member">Debentures&#x97;Ipiranga (g.1, g.2, g.4 and g.6)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan14Member">Banco do Brasil &#x96; floating rate (f)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan15Member">Debentures&#x97;5th issuance (g.3)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan16Member">Debentures &#x96; CRA (g.5)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan17Member">Debentures &#x96; CRA (g.5)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan18Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan19Member">Export Credit Note &#x96; floating rate (h)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan20Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan21Member">BNDES EXIM</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan22Member">Finance leases (i)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan23Member">FINEP</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan24Member">FINEP</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan25Member">Banco do Nordeste do Brasil</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan26Member">BNDES EXIM</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan27Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan28Member">FINAME</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan29Member">Fixed finance leases (i)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2017-01-01to2017-12-31_custom_Loan30Member">Floating finance leases (i)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan1Member">Notes in the foreign market (b)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan2Member">Foreign loan (c.1)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan3Member">Foreign loan (c.1)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan4Member">Foreign loan (c.2, c.3 and c.4)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan5Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan6Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan7Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan8Member">Foreign currency advances delivered</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan9Member">Advances on foreign exchange contracts</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan10Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan11Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan12Member">Financial institutions (e)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan13Member">Debentures&#x97;Ipiranga (g.1, g.2, g.4 and g.6)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan14Member">Banco do Brasil &#x96; floating rate (f)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan15Member">Debentures&#x97;5th issuance (g.3)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan16Member">Debentures &#x96; CRA (g.5)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan17Member">Debentures &#x96; CRA (g.5)(*)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan18Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan19Member">Export Credit Note &#x96; floating rate (h)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan20Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan21Member">BNDES EXIM</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan22Member">Finance leases (i)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan23Member">FINEP</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan24Member">FINEP</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan25Member">Banco do Nordeste do Brasil</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan26Member">BNDES EXIM</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan27Member">BNDES (d)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan28Member">FINAME</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan29Member">Fixed finance leases (i)</UGP:LoanDescription>
    <UGP:LoanDescription contextRef="From2016-01-01to2016-12-31_custom_Loan30Member">Floating finance leases (i)</UGP:LoanDescription>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan1Member">2026</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan2Member">2018&#xA0;to&#xA0;2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan3Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan4Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan5Member">2019 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan6Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan7Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan8Member">&lt; 54 days</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan9Member">&lt; 92 days</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan10Member">2018 to 2020</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan11Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan12Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan13Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan14Member">2018 to 2021</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan15Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan16Member">2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan17Member">2024</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan18Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan19Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan20Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan21Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan22Member">2018 to 2031</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan23Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan24Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan25Member">2018 to 2021</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan26Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan27Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2017-01-01to2017-12-31_custom_Loan28Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan1Member">2026</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan2Member">2018&#xA0;to&#xA0;2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan3Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan4Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan5Member">2019 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan6Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan7Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan8Member">&lt; 54 days</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan9Member">&lt; 92 days</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan10Member">2018 to 2020</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan11Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan12Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan13Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan14Member">2018 to 2021</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan15Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan16Member">2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan17Member">2024</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan18Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan19Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan20Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan21Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan22Member">2018 to 2031</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan23Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan24Member">2018 to 2023</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan25Member">2018 to 2021</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan26Member">2018</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan27Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:LoanMaturityDate contextRef="From2016-01-01to2016-12-31_custom_Loan28Member">2018 to 2022</UGP:LoanMaturityDate>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan1Member">5.3</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan2Member">1</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan3Member">1.9</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan4Member">2.2</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan5Member">2.5</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan6Member">2.8</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan7Member">8.5</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan8Member">2.2</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan9Member">2.4</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan10Member">6.4</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan11Member">1.5</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan12Member">24</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan13Member">105.8</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan14Member">107.3</UGP:WeightedAverageFinancialChargesLoans>
    <UGP:WeightedAverageFinancialChargesLoans contextRef="From2017-01-01to2017-12-31_custom_Loan15Member">108.3</UGP:WeightedAverageFinancialChargesLoans>
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    <UGP:SummaryOfLoanAndDebentureMaturityTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr&gt;
    &lt;td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td style="width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2018-Jan&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;172,798&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2018-Apr&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;100,571&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2019-Feb&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;168,392&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2019-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,338,979&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2020-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2021-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: white"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;2022-May&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;337,844&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;2,794,272&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

&lt;table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="width: 57%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; width: 36%; padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Mar/2018&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;817,654&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Dec/2018&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;801,026&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;May/2021&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;499,012&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Apr/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;656,009&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Jul/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;1,536,704&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oct/2022&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;724,841&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Apr/2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;350,873&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Oct/2024&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;203,530&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="background-color: #DAEEF3"&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&lt;font style="font-size: 8pt"&gt;Total&lt;/font&gt;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"&gt;&amp;#160;&lt;/td&gt;
    &lt;td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"&gt;&lt;font style="font-size: 8pt"&gt;5,589,649&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;
&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;

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	      <link:definition>00000006 - Statement - Statements of Cash Flows&#x2014;Indirect Method</link:definition>
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	      <link:definition>00000007 - Disclosure - 1. Operations</link:definition>
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	      <link:definition>00000009 - Disclosure - 3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination</link:definition>
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	      <link:definition>00000010 - Disclosure - 4. Cash and Cash Equivalents and Financial Investments</link:definition>
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	      <link:definition>00000011 - Disclosure - 5. Trade Receivables and Reseller Financing</link:definition>
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	      <link:definition>00000012 - Disclosure - 6. Inventories</link:definition>
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	      <link:definition>00000013 - Disclosure - 7. Recoverable Taxes</link:definition>
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	      <link:definition>00000014 - Disclosure - 8. Related Parties</link:definition>
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	      <link:definition>00000015 - Disclosure - 9. Income and Social Contribution Taxes</link:definition>
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	      <link:definition>00000016 - Disclosure - 10. Prepaid expenses</link:definition>
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	      <link:definition>00000017 - Disclosure - 11. Investments</link:definition>
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	      <link:definition>00000018 - Disclosure - 12. Property, Plant, and Equipment</link:definition>
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	      <link:definition>00000019 - Disclosure - 13. Intangible Assets</link:definition>
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	      <link:definition>00000020 - Disclosure - 14. Loans, Debentures, and Finance Leases</link:definition>
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	      <link:definition>00000021 - Disclosure - 15. Trade Payables</link:definition>
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	      <link:definition>00000022 - Disclosure - 16. Salaries and Related Charges</link:definition>
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	      <link:definition>00000023 - Disclosure - 17. Taxes Payable</link:definition>
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	      <link:definition>00000024 - Disclosure - 18. Employee Benefits and Private Pension Plan</link:definition>
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	      <link:definition>00000025 - Disclosure - 19. Provision for Asset Retirement Obligation - Fuel Tanks</link:definition>
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	      <link:definition>00000026 - Disclosure - 20. Provision, Contingencies, and Commitments</link:definition>
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	      <link:definition>00000027 - Disclosure - 21. Deferred Revenue</link:definition>
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	      <link:definition>00000028 - Disclosure - 22. Subscription warrants - indemnification</link:definition>
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	      <link:definition>00000029 - Disclosure - 23. Shareholders' Equity</link:definition>
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	      <link:definition>00000030 - Disclosure - 24. Net Revenue from Sale and Services</link:definition>
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	      <link:definition>00000031 - Disclosure - 25. Expenses by Nature</link:definition>
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	      <link:definition>00000032 - Disclosure - 26. Gain (loss) on Disposal of Property, Plant, and Equipment and Intangibles</link:definition>
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	      <link:definition>00000033 - Disclosure - 27. Other Operating Income, Net</link:definition>
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	      <link:definition>00000034 - Disclosure - 28. Financial Income (Expense)</link:definition>
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	      <link:definition>00000035 - Disclosure - 29. Earnings per Share</link:definition>
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	      <link:definition>00000036 - Disclosure - 30. Segment Information</link:definition>
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	      <link:definition>00000037 - Disclosure - 31. Risks and Financial Instruments</link:definition>
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	      <link:definition>00000038 - Disclosure - 32. Commitments</link:definition>
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	      <link:definition>00000039 - Disclosure - 33. Ultracargo - Fire Accident in Santos</link:definition>
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	      <link:definition>00000040 - Disclosure - 34. Subsequent Events</link:definition>
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	      <link:definition>00000044 - Disclosure - 4. Cash and Cash Equivalents and Financial Investments (Tables)</link:definition>
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	      <link:definition>00000045 - Disclosure - 5. Trade Receivables and Reseller Financing (Tables)</link:definition>
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	      <link:definition>00000046 - Disclosure - 6. Inventories (Tables)</link:definition>
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	      <link:definition>00000047 - Disclosure - 7. Recoverable Taxes (Tables)</link:definition>
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	      <link:definition>00000048 - Disclosure - 8. Related Parties (Tables)</link:definition>
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	      <link:definition>00000049 - Disclosure - 9. Income and Social Contribution Taxes (Tables)</link:definition>
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	      <link:definition>00000050 - Disclosure - 10. Prepaid expenses (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:definition>00000051 - Disclosure - 11. Investments (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:definition>00000052 - Disclosure - 12. Property, Plant, and Equipment (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:definition>00000053 - Disclosure - 13. Intangible Assets (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	    <link:roleType id="LoansDebenturesAndFinanceLeasesTables" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesTables">
	      <link:definition>00000054 - Disclosure - 14. Loans, Debentures, and Finance Leases (Tables)</link:definition>
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	      <link:usedOn>link:definitionLink</link:usedOn>
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	    <link:roleType id="TradePayablesTables" roleURI="http://ultra.com.br/role/TradePayablesTables">
	      <link:definition>00000055 - Disclosure - 15. Trade Payables (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	    <link:roleType id="SalariesAndRelatedChargesTables" roleURI="http://ultra.com.br/role/SalariesAndRelatedChargesTables">
	      <link:definition>00000056 - Disclosure - 16. Salaries and Related Charges (Tables)</link:definition>
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	    <link:roleType id="TaxesPayableTables" roleURI="http://ultra.com.br/role/TaxesPayableTables">
	      <link:definition>00000057 - Disclosure - 17. Taxes Payable (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:definition>00000058 - Disclosure - 18. Employee Benefits and Private Pension Plan (Tables)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:definition>00000059 - Disclosure - 19. Provision for Asset Retirement Obligation - Fuel Tanks (Tables)</link:definition>
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	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:definition>00000081 - Disclosure - 4. Cash and Cash Equivalents and Financial Investments (Details Narrative)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:definition>00000082 - Disclosure - 5. Trade Receivables and Reseller Financing (Details)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:definition>00000084 - Disclosure - 5. Trade Receivables and Reseller Financing (Details 2)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:definition>00000085 - Disclosure - 6. Inventories (Details)</link:definition>
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	      <link:definition>00000086 - Disclosure - 6. Inventories (Details 1)</link:definition>
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	      <link:definition>00000087 - Disclosure - 6. Inventories (Details 2)</link:definition>
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	      <link:definition>00000088 - Disclosure - 7. Recoverable Taxes (Details)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:definition>00000094 - Disclosure - 8. Related Parties (Details 4)</link:definition>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	    <link:roleType id="RelatedPartiesDetailsNarrative" roleURI="http://ultra.com.br/role/RelatedPartiesDetailsNarrative">
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
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	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails4" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails4">
	      <link:definition>00000115 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 4)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails5" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails5">
	      <link:definition>00000116 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 5)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails6" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails6">
	      <link:definition>00000117 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 6)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails7" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails7">
	      <link:definition>00000118 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 7)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails8" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails8">
	      <link:definition>00000119 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 8)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetails9" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetails9">
	      <link:definition>00000120 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details 9)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="LoansDebenturesAndFinanceLeasesDetailsNarrative" roleURI="http://ultra.com.br/role/LoansDebenturesAndFinanceLeasesDetailsNarrative">
	      <link:definition>00000121 - Disclosure - 14. Loans, Debentures, and Finance Leases (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="TradePayablesDetails" roleURI="http://ultra.com.br/role/TradePayablesDetails">
	      <link:definition>00000122 - Disclosure - 15. Trade Payables (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SalariesAndRelatedChargesDetails" roleURI="http://ultra.com.br/role/SalariesAndRelatedChargesDetails">
	      <link:definition>00000123 - Disclosure - 16. Salaries and Related Charges (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="TaxesPayableDetails" roleURI="http://ultra.com.br/role/TaxesPayableDetails">
	      <link:definition>00000124 - Disclosure - 17. Taxes Payable (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetails" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetails">
	      <link:definition>00000125 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetails1" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetails1">
	      <link:definition>00000126 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetails2" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetails2">
	      <link:definition>00000127 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details 2)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetails3" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetails3">
	      <link:definition>00000128 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details 3)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetails4" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetails4">
	      <link:definition>00000129 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details 4)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EmployeeBenefitsAndPrivatePensionPlanDetailsNarrative" roleURI="http://ultra.com.br/role/EmployeeBenefitsAndPrivatePensionPlanDetailsNarrative">
	      <link:definition>00000130 - Disclosure - 18. Employee Benefits and Private Pension Plan (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ProvisionForAssetRetirementObligation-FuelTanksDetails" roleURI="http://ultra.com.br/role/ProvisionForAssetRetirementObligation-FuelTanksDetails">
	      <link:definition>00000131 - Disclosure - 19. Provision for Asset Retirement Obligation - Fuel Tanks (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ProvisionContingenciesAndCommitmentsDetails" roleURI="http://ultra.com.br/role/ProvisionContingenciesAndCommitmentsDetails">
	      <link:definition>00000132 - Disclosure - 20. Provision, Contingencies, and Commitments (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ProvisionContingenciesAndCommitmentsDetails1" roleURI="http://ultra.com.br/role/ProvisionContingenciesAndCommitmentsDetails1">
	      <link:definition>00000133 - Disclosure - 20. Provision, Contingencies, and Commitments (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ProvisionContingenciesAndCommitmentsDetailsNarrative" roleURI="http://ultra.com.br/role/ProvisionContingenciesAndCommitmentsDetailsNarrative">
	      <link:definition>00000134 - Disclosure - 20. Provision, Contingencies, and Commitments (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="DeferredRevenueDetails" roleURI="http://ultra.com.br/role/DeferredRevenueDetails">
	      <link:definition>00000135 - Disclosure - 21. Deferred Revenue (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SubscriptionWarrants-IndemnificationDetailsNarrative" roleURI="http://ultra.com.br/role/SubscriptionWarrants-IndemnificationDetailsNarrative">
	      <link:definition>00000136 - Disclosure - 22. Subscription warrants - indemnification (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ShareholdersEquityDetails" roleURI="http://ultra.com.br/role/ShareholdersEquityDetails">
	      <link:definition>00000137 - Disclosure - 23. Shareholders' Equity (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ShareholdersEquityDetails1" roleURI="http://ultra.com.br/role/ShareholdersEquityDetails1">
	      <link:definition>00000138 - Disclosure - 23. Shareholders' Equity (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ShareholdersEquityDetailsNarrative" roleURI="http://ultra.com.br/role/ShareholdersEquityDetailsNarrative">
	      <link:definition>00000139 - Disclosure - 23. Shareholders' Equity (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="NetRevenueFromSaleAndServicesDetails" roleURI="http://ultra.com.br/role/NetRevenueFromSaleAndServicesDetails">
	      <link:definition>00000140 - Disclosure - 24. Net Revenue from Sale and Services (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ExpensesByNatureDetails" roleURI="http://ultra.com.br/role/ExpensesByNatureDetails">
	      <link:definition>00000141 - Disclosure - 25. Expenses by Nature (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="ExpensesByNatureDetailsNarrative" roleURI="http://ultra.com.br/role/ExpensesByNatureDetailsNarrative">
	      <link:definition>00000142 - Disclosure - 25. Expenses by Nature (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrative" roleURI="http://ultra.com.br/role/GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrative">
	      <link:definition>00000143 - Disclosure - 26. Gain (loss) on Disposal of Property, Plant, and Equipment and Intangibles (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="OtherOperatingIncomeNetDetails" roleURI="http://ultra.com.br/role/OtherOperatingIncomeNetDetails">
	      <link:definition>00000144 - Disclosure - 27. Other Operating Income, Net (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="FinancialIncomeExpenseDetails" roleURI="http://ultra.com.br/role/FinancialIncomeExpenseDetails">
	      <link:definition>00000145 - Disclosure - 28. Financial Income (Expense) (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EarningsPerShareDetails" roleURI="http://ultra.com.br/role/EarningsPerShareDetails">
	      <link:definition>00000146 - Disclosure - 29. Earnings per Share (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="EarningsPerShareDetails1" roleURI="http://ultra.com.br/role/EarningsPerShareDetails1">
	      <link:definition>00000147 - Disclosure - 29. Earnings per Share (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SegmentInformationDetails" roleURI="http://ultra.com.br/role/SegmentInformationDetails">
	      <link:definition>00000148 - Disclosure - 30. Segment Information (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SegmentInformationDetails1" roleURI="http://ultra.com.br/role/SegmentInformationDetails1">
	      <link:definition>00000149 - Disclosure - 30. Segment Information (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SegmentInformationDetails2" roleURI="http://ultra.com.br/role/SegmentInformationDetails2">
	      <link:definition>00000150 - Disclosure - 30. Segment Information (Details 2)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="SegmentInformationDetails3" roleURI="http://ultra.com.br/role/SegmentInformationDetails3">
	      <link:definition>00000151 - Disclosure - 30. Segment Information (Details 3)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails">
	      <link:definition>00000152 - Disclosure - 31. Risks and Financial Instruments (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails1" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails1">
	      <link:definition>00000153 - Disclosure - 31. Risks and Financial Instruments (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails2" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails2">
	      <link:definition>00000154 - Disclosure - 31. Risks and Financial Instruments (Details 2)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails3" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails3">
	      <link:definition>00000155 - Disclosure - 31. Risks and Financial Instruments (Details 3)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails4" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails4">
	      <link:definition>00000156 - Disclosure - 31. Risks and Financial Instruments (Details 4)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails5" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails5">
	      <link:definition>00000157 - Disclosure - 31. Risks and Financial Instruments (Details 5)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails6" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails6">
	      <link:definition>00000158 - Disclosure - 31. Risks and Financial Instruments (Details 6)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails7" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails7">
	      <link:definition>00000159 - Disclosure - 31. Risks and Financial Instruments (Details 7)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails8" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails8">
	      <link:definition>00000160 - Disclosure - 31. Risks and Financial Instruments (Details 8)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails9" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails9">
	      <link:definition>00000161 - Disclosure - 31. Risks and Financial Instruments (Details 9)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetails10" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetails10">
	      <link:definition>00000162 - Disclosure - 31. Risks and Financial Instruments (Details 10)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="RisksAndFinancialInstrumentsDetailsNarrative" roleURI="http://ultra.com.br/role/RisksAndFinancialInstrumentsDetailsNarrative">
	      <link:definition>00000163 - Disclosure - 31. Risks and Financial Instruments (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="CommitmentsDetails" roleURI="http://ultra.com.br/role/CommitmentsDetails">
	      <link:definition>00000164 - Disclosure - 32. Commitments (Details)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="CommitmentsDetails1" roleURI="http://ultra.com.br/role/CommitmentsDetails1">
	      <link:definition>00000165 - Disclosure - 32. Commitments (Details 1)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="CommitmentsDetails2" roleURI="http://ultra.com.br/role/CommitmentsDetails2">
	      <link:definition>00000166 - Disclosure - 32. Commitments (Details 2)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:roleType id="CommitmentsDetailsNarrative" roleURI="http://ultra.com.br/role/CommitmentsDetailsNarrative">
	      <link:definition>00000167 - Disclosure - 32. Commitments (Details Narrative)</link:definition>
	      <link:usedOn>link:presentationLink</link:usedOn>
	      <link:usedOn>link:calculationLink</link:usedOn>
	      <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	    <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ugp-20171231_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links" xlink:type="simple"/>
	    <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ugp-20171231_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links" xlink:type="simple"/>
	    <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ugp-20171231_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:title="Calculation Links" xlink:type="simple"/>
	    <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ugp-20171231_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:title="Definition Links" xlink:type="simple"/>
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
    <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
    <import namespace="http://xbrl.ifrs.org/taxonomy/2016-03-31/ifrs-full" schemaLocation="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd"/>
    <import namespace="http://fasb.org/us-types/2016-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2016/elts/us-types-2016-01-31.xsd"/>
    <import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd"/>
    <import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd"/>
    <import namespace="http://xbrl.sec.gov/invest/2013-01-31" schemaLocation="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd"/>
    <element id="UGP_DividendsReceivableCurrent" name="DividendsReceivableCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NoncurrentInvestments" name="NoncurrentInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_RecoverableTaxes" name="RecoverableTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InvestmentsInSubsidiariesJointVentures" name="InvestmentsInSubsidiariesJointVentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InvestmentsInSubsidiariesInAssociates" name="InvestmentsInSubsidiariesInAssociates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InvestmentsInSubsidiariesOther" name="InvestmentsInSubsidiariesOther" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_LoansCurrent" name="LoansCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_SalariesAndRelatedCharges" name="SalariesAndRelatedCharges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CurrentProvisionAssetRetirementObligation" name="CurrentProvisionAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CustomersAndThirdPartiesPayables" name="CustomersAndThirdPartiesPayables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeCurrent" name="DeferredIncomeCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoansNoncurrent" name="LoansNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_RelatedPartiesLiabilitiesNoncurrent" name="RelatedPartiesLiabilitiesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeAndSocialContributionTaxesPayable" name="IncomeAndSocialContributionTaxesPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionForAssetRetirementObligation" name="ProvisionForAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionForTaxCivilAndLaborRisks" name="ProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeNoncurrent" name="DeferredIncomeNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_SubscriptionWarrants" name="SubscriptionWarrants" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_TranslationAdjustments" name="TranslationAdjustments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_EquityValuationAdjustments" name="EquityValuationAdjustments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_TaxIncentives" name="TaxIncentives" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" name="OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" name="AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" name="AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" name="AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" name="AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" name="AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" name="AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" name="AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" name="AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" name="AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" name="AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" name="AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" name="AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" name="AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" name="AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" name="AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables" name="AdjustmentsForIncreaseDecreaseInTaxesPayables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" name="AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForPrepaidExpenses" name="AdjustmentsForPrepaidExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForInsuranceAndOtherReceivables" name="AdjustmentsForInsuranceAndOtherReceivables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForRecoverableTaxes" name="AdjustmentsForRecoverableTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsForAssetRetirementObligation" name="AdjustmentsForAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_OtherAdjustments" name="OtherAdjustments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" name="GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_CreditsOnDepreciation" name="CreditsOnDepreciation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_OperatingIncomeAcquiree" name="OperatingIncomeAcquiree" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_BasicEarningsLossPerShareAcquiree" name="BasicEarningsLossPerShareAcquiree" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration"/>
    <element id="UGP_DilutedEarningsLossPerShareAcquiree" name="DilutedEarningsLossPerShareAcquiree" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration"/>
    <element id="UGP_CashAndBankDepositsInLocalCurrency" name="CashAndBankDepositsInLocalCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CashAndBankDepositsInForeignCurrency" name="CashAndBankDepositsInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" name="FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" name="FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsInLocalCurrency" name="FinancialInvestmentsInLocalCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsInForeignCurrency" name="FinancialInvestmentsInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CurencyAndInterestRateHedgingInstruments" name="CurencyAndInterestRateHedgingInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestments" name="FinancialInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsCurrent" name="FinancialInvestmentsCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialInvestmentsNoncurrent" name="FinancialInvestmentsNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CapitalIncreaseJointVentures" name="CapitalIncreaseJointVentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ShareOfProfitLossOfJointVentures" name="ShareOfProfitLossOfJointVentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ValuationAdjustmentsJointVentures" name="ValuationAdjustmentsJointVentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdvanceForFutureCapitalIncrease" name="AdvanceForFutureCapitalIncrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ShareOfProfitLossOfAssociates" name="ShareOfProfitLossOfAssociates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_CapitalIncreaseInAssociates" name="CapitalIncreaseInAssociates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdvertisingAndMarketingExpense" name="AdvertisingAndMarketingExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_FreightAndStorageExpense" name="FreightAndStorageExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_FinancialIncomeOther" name="FinancialIncomeOther" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_InterestFromCustomers" name="InterestFromCustomers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_FinancialInvestmentsInterest" name="FinancialInvestmentsInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_FinanceLeasesInterest" name="FinanceLeasesInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_DebenturesInterest" name="DebenturesInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LoanInterest" name="LoanInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_MonetaryRestatementOfProvisions" name="MonetaryRestatementOfProvisions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ChangesInSubscriptionWarranty" name="ChangesInSubscriptionWarranty" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" name="ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges" name="BankChargesFinancialTransactionsTaxAndOtherCharges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_FinancialIncomeExpense" name="FinancialIncomeExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_RevenueExcludingIntersegmentRules" name="RevenueExcludingIntersegmentRules" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IntersegmentSales" name="IntersegmentSales" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_FixedAndIntangibleAssets" name="FixedAndIntangibleAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_GrossRevenueFromSale" name="GrossRevenueFromSale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_GrossRevenueFromServices" name="GrossRevenueFromServices" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_SalesTaxes" name="SalesTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_SalesDiscountsAndReturns" name="SalesDiscountsAndReturns" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_RevenueDeferred" name="RevenueDeferred" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_InventoriesProvisionForLosses" name="InventoriesProvisionForLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_InventoriesCost" name="InventoriesCost" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_AdditionsToNetRealizableValueAdjustment" name="AdditionsToNetRealizableValueAdjustment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ReversalsOfObsolescenceAndOtherLosses" name="ReversalsOfObsolescenceAndOtherLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdditionsToObsolescenceAndOtherLosses" name="AdditionsToObsolescenceAndOtherLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NetRealizableValueAdjustment" name="NetRealizableValueAdjustment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ObsolescenceAndOtherLosses" name="ObsolescenceAndOtherLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_RecoverableTaxesNoncurrent" name="RecoverableTaxesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionForIcmsLosses" name="ProvisionForIcmsLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_WriteoffsAdditionsReversalsOfIcmsProvision" name="WriteoffsAdditionsReversalsOfIcmsProvision" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_NoncurrentDebt" name="NoncurrentDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" name="EmployeeBenefitsExchangeRateFromForeignSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" name="EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" name="ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EmployeeBenefitsInterestCost" name="EmployeeBenefitsInterestCost" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EmployeetBenefitsCurrentServiceCost" name="EmployeetBenefitsCurrentServiceCost" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AverageProjectedSalaryGrowthRate" name="AverageProjectedSalaryGrowthRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant"/>
    <element id="UGP_InflationRateLongTerm" name="InflationRateLongTerm" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant"/>
    <element id="UGP_GrowthRateOfMedicalServices" name="GrowthRateOfMedicalServices" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionAssetRetirementObligation" name="ProvisionAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionAssetRetirementObligationAccretionExpense" name="ProvisionAssetRetirementObligationAccretionExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionAssetRetirementObligationExpense" name="ProvisionAssetRetirementObligationExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdditionProvisionAssetRetirementObligation" name="AdditionProvisionAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" name="AllowancesForDoubfulAccountsOnTradeReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" name="WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" name="AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_TradeReceivablesGross" name="TradeReceivablesGross" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_AcquisitionsThroughBusinessCombinationsGoodwill" name="AcquisitionsThroughBusinessCombinationsGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_GoodwillAcquisitionSegment" name="GoodwillAcquisitionSegment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_GeneralAndAdministrativeAmortisation" name="GeneralAndAdministrativeAmortisation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_SellingAndMarketingAmortisation" name="SellingAndMarketingAmortisation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation" name="InventoriesAndCostOfProductsAndServicesSoldAmortisation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LoansLiabilities" name="LoansLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoansAssets" name="LoansAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_CommercialTransactionsReceivables" name="CommercialTransactionsReceivables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_CommercialTransactionsPayables" name="CommercialTransactionsPayables" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CommercialTransactionsPurchases" name="CommercialTransactionsPurchases" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_CommercialTransactionsSalesAndServices" name="CommercialTransactionsSalesAndServices" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AccumulatedUnrecognizedGrantCosts" name="AccumulatedUnrecognizedGrantCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_SharebasedPaymentGrantsCostsIncludingTaxes" name="SharebasedPaymentGrantsCostsIncludingTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AccumulatedRecognizedGrantCosts" name="AccumulatedRecognizedGrantCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" name="ShareOptionsGrantedInSharebasedPaymentArrangement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant"/>
    <element id="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" name="SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense" name="AmortizationRecognizedAsGeneralAndAdministrativeExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_OffsetClaimsAndCreditDisallowances" name="OffsetClaimsAndCreditDisallowances" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_SubscriptionWarrantsShares" name="SubscriptionWarrantsShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" name="MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_TaxLossCarryforwards" name="TaxLossCarryforwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_CashCashEqivalentsAndFinancialInvestments" name="CashCashEqivalentsAndFinancialInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" name="DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" name="DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" name="DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" name="DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill" name="DeferredIncomeAndSocialContributionTaxesGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" name="DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" name="DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions" name="DeferredIncomeAndSocialContributionTaxesOtherProvisions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" name="DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxAssets" name="DeferredIncomeAndSocialContributionTaxAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" name="DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet" name="DeferredIncomeAndSocialContributionTaxAssetsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" name="DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesLease" name="DeferredIncomeAndSocialContributionTaxesLease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" name="DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" name="DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" name="DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" name="DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" name="DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxLiabilities" name="DeferredIncomeAndSocialContributionTaxLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" name="DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet" name="DeferredIncomeAndSocialContributionTaxLiabilitiesNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIRPJAndCSLL" name="DeferredIRPJAndCSLL" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DeferredIRPJAndCSLLOthers" name="DeferredIRPJAndCSLLOthers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations" name="DeferredIRPJAndCSLLRecognizedInBusinessCombinations" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" name="DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear" name="DeferredIRPJAndCSLLRecognizedInIncomeOfYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EffectiveIRPJAndCSLLRates" name="EffectiveIRPJAndCSLLRates" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_WeightedAverageSharesBasic" name="WeightedAverageSharesBasic" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_WeightedAverageSharesDiluted" name="WeightedAverageSharesDiluted" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_SubscriptionWarrantsIndemnificationShares" name="SubscriptionWarrantsIndemnificationShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_DeferredStockPlanShares" name="DeferredStockPlanShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherComprehensiveIncomeOfTheCompany" name="OtherComprehensiveIncomeOfTheCompany" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses" name="IncomeAndSocialContributionTaxesOnActuarialLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialLossesOfPostemploymentBenefits" name="ActuarialLossesOfPostemploymentBenefits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_IncomeAndSocialContributionTaxesOnFairValue" name="IncomeAndSocialContributionTaxesOnFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ChangesInFairValue" name="ChangesInFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" name="TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_SharesOrUnitsHeld" name="SharesOrUnitsHeld" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" name="NetFinancialIncomeAndIncomeAndSocialContributionTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AcquisitionOfNoncontrollingInterests" name="AcquisitionOfNoncontrollingInterests" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting" name="ApprovalOfAdditionalDividendsByShareholdersMeeting" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_InterimDividends" name="InterimDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LegalReserve" name="LegalReserve" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_CurrencyInterestRateHedgingInstruments" name="CurrencyInterestRateHedgingInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidRentExpense" name="PrepaidRentExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidDeferredStockPlanExpense" name="PrepaidDeferredStockPlanExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidAdvertisingExpense" name="PrepaidAdvertisingExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidInsuranceExpense" name="PrepaidInsuranceExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidSoftwareMaintenanceExpense" name="PrepaidSoftwareMaintenanceExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_PrepaidExpenses" name="PrepaidExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NoncurrentPrepaidExpenses" name="NoncurrentPrepaidExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IntangibleAssetsWriteoffsAndDisposals" name="IntangibleAssetsWriteoffsAndDisposals" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IntangibleAssetsTransfer" name="IntangibleAssetsTransfer" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_IntangibleAssetsAmortization" name="IntangibleAssetsAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IntangibleAssetsAdditions" name="IntangibleAssetsAdditions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ChangesInAssumptionDecreaseInLiability" name="ChangesInAssumptionDecreaseInLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialAssumptionsDecreaseInLiability" name="ActuarialAssumptionsDecreaseInLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ChangeInAssumptionsIncreaseInLiability" name="ChangeInAssumptionsIncreaseInLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialAssumptionIncreaseInLiability" name="ActuarialAssumptionIncreaseInLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_FinancialAssetsLevel3OfFairValueHierarchy" name="FinancialAssetsLevel3OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialAssetsLevel2OfFairValueHierarchy" name="FinancialAssetsLevel2OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialAssetsLevel1OfFairValueHierarchy" name="FinancialAssetsLevel1OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives" name="IncomeAndSocialContributionTaxesBeforeTaxIncentives" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates" name="IncomeAndSocialContributionTaxesAtStatutoryTaxRates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" name="IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_InterestOnEquity" name="InterestOnEquity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentToEstimatedIncome" name="AdjustmentToEstimatedIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NontaxableRevenues" name="NontaxableRevenues" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury" name="PaymentsToAcquireOwnSharesToBeHeldInTreasury" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" name="PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdditionalDividendsMinimumMandatoryDividends" name="AdditionalDividendsMinimumMandatoryDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeAndSocialContributionTaxes" name="IncomeAndSocialContributionTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_InterimDividendsPaid" name="InterimDividendsPaid" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_MandatoryDividendsPayable" name="MandatoryDividendsPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdditionalDividendsToMinimumMandatoryDividends" name="AdditionalDividendsToMinimumMandatoryDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_MinimumMandatoryDividends" name="MinimumMandatoryDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_StatutoryInvestmentsReserve" name="StatutoryInvestmentsReserve" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" name="EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancingPresentValue" name="FinancingPresentValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FutureDisbursementsInstallmentsFinanceLeases" name="FutureDisbursementsInstallmentsFinanceLeases" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_TransactionCostsFinancialInstruments" name="TransactionCostsFinancialInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TransactionCostAmortization" name="TransactionCostAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IncurredTransactionCost" name="IncurredTransactionCost" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AmountAppropriatedToProfitOrLossInFuture" name="AmountAppropriatedToProfitOrLossInFuture" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ExpiredDividends" name="ExpiredDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury" name="AcquisitionOfOwnSharesToBeHeldInTreasury" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_RealizationOfRevaluationReserveOfSubsidiaries" name="RealizationOfRevaluationReserveOfSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" name="IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_YearByWhichApplicationOfNewIFRSIsRequired" name="YearByWhichApplicationOfNewIFRSIsRequired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_GeographicalAreas" name="GeographicalAreas" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment" name="WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration"/>
    <element id="UGP_OperatingExpenseAndIncomeCosts" name="OperatingExpenseAndIncomeCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_NumberOfSharesOrUnitsHeld" name="NumberOfSharesOrUnitsHeld" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_PercentageOfCapitalHeld" name="PercentageOfCapitalHeld" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_RetentionOfProfitsAndInvestmentsReserve" name="RetentionOfProfitsAndInvestmentsReserve" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_SharesHeldInTreasury" name="SharesHeldInTreasury" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant"/>
    <element id="UGP_LongTermAssets" name="LongTermAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InvestmentsTotal" name="InvestmentsTotal" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IndemnityAssetBusinessCombination" name="IndemnityAssetBusinessCombination" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_EquityInstruments" name="EquityInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_DividendsReceivedFromAssociatesAndJointVentures" name="DividendsReceivedFromAssociatesAndJointVentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfOperationsExplanatory" name="DisclosureOfOperationsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfPrinciplesOfConsolidationExplanatory" name="DisclosureOfPrinciplesOfConsolidationExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfRecoverableTaxesExplanatory" name="DisclosureOfRecoverableTaxesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfPrepaidExpensesExplanatory" name="DisclosureOfPrepaidExpensesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfInvestmentsExplanatory" name="DisclosureOfInvestmentsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfSalariesAndRelatedChargesExplanatory" name="DisclosureOfSalariesAndRelatedChargesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfDeferredRevenueExplanatory" name="DisclosureOfDeferredRevenueExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfSubscriptionWarrantsExplanatory" name="DisclosureOfSubscriptionWarrantsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfStockholdersEquityExplanatory" name="DisclosureOfStockholdersEquityExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory" name="GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfFinancialIncomeExpenseExplanatory" name="DisclosureOfFinancialIncomeExpenseExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfUltracargoFireAccidentExplanatory" name="DisclosureOfUltracargoFireAccidentExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForOtherAssetsExplanatory" name="DescriptionOfAccountingPolicyForOtherAssetsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory" name="DescriptionOfAccountingPolicyForOtherProvisionsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" name="DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory" name="DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" name="DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory" name="DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory" name="DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory" name="DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory" name="DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory" name="DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfForeignSubsidiariesTableTextBlock" name="SummaryOfForeignSubsidiariesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfOfPronouncesmentsIssuedTableTextBlock" name="SummaryOfOfPronouncesmentsIssuedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfImpactPronouncesmentsIssuedTableTextBlock" name="SummaryOfImpactPronouncesmentsIssuedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfInvestmentsInSubsidiariesTableTextBlock" name="SummaryOfInvestmentsInSubsidiariesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock" name="SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock" name="SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfCashAndCashEquivalentsTableTextBlock" name="SummaryOfCashAndCashEquivalentsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialInvestmentsTableTextBlock" name="SummaryOfFinancialInvestmentsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock" name="SummaryOfTradeReceivablesCompositionTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock" name="SummaryOfTradeReceivablesBreakdownTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfInventoriesCompositionTableTextBlock" name="SummaryOfInventoriesCompositionTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock" name="SummaryOfInventoriesProvisionForLossesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfRecoverableTaxesTableTextBlock" name="SummaryOfRecoverableTaxesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" name="SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock" name="SummaryOfCompensationForKeyExecutivesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSharesGrantedTableTextBlock" name="SummaryOfSharesGrantedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfRestrictedStockProgramTableTextBlock" name="SummaryOfRestrictedStockProgramTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfDeferredTaxesTableTextBlock" name="SummaryOfDeferredTaxesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" name="SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" name="SummaryOfDeferredTaxAssetRecoveryTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTaxReconciliationTableTextBlock" name="SummaryOfTaxReconciliationTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTaxIncentivesTableTextBlock" name="SummaryOfTaxIncentivesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfPrepaidExpensesTableTextBlock" name="SummaryOfPrepaidExpensesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" name="SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesInAssociatesTableTextBlock" name="SummaryOfBalancesInAssociatesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock" name="SummaryOfFinancialStatementsOfAssociatesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesOfGoodwillTableTextBlock" name="SummaryOfBalancesOfGoodwillTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAmortizationExpensesTableTextBlock" name="SummaryOfAmortizationExpensesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTradePayablesTableTextBlock" name="SummaryOfTradePayablesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock" name="SummaryOfSalariesAndRelatedChargesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTaxesPayableTableTextBlock" name="SummaryOfTaxesPayableTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfPostEmploymentBenefits" name="SummaryOfPostEmploymentBenefits" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_ChangesInProvisionForPostEmploymentBenefits" name="ChangesInProvisionForPostEmploymentBenefits" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock" name="SummaryOfEmploymentBenefitExpenseTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" name="SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSensitivityAnalysisTableTextBlock" name="SummaryOfSensitivityAnalysisTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock" name="SummaryOfChangesInAssetRetirementObligationTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" name="SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock" name="SummaryOfBalancesOfEscrowDepositsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" name="SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" name="SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock" name="SummaryOfRevenueFromSalesAndServicesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfExpensesByNatureTableTextBlock" name="SummaryOfExpensesByNatureTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfOtherOperatingIncomeTableTextBlock" name="SummaryOfOtherOperatingIncomeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock" name="SummaryOfFinancialIncomeExpenseTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" name="SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock" name="SummaryOfWeightedAverageSharesOutstandingTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" name="SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock" name="SummaryOfRevenueFromOperationsAbroadTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" name="SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" name="SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" name="SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" name="SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" name="SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" name="SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock" name="SummaryOfPositionOfHedgingInstrumentsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" name="SummaryOfValueOfGainsLossesRecognizedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" name="SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" name="SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfChangesInExchangeRateTableTextBlock" name="SummaryOfChangesInExchangeRateTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfContractsTableTextBlock" name="SummaryOfContractsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" name="SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfOperatingLeaseContractsTableTextBlock" name="SummaryOfOperatingLeaseContractsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_TradeReceivablesNoncurrent" name="TradeReceivablesNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TradeReceivablesCurrent" name="TradeReceivablesCurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_OpeningBalanceCblSA" name="OpeningBalanceCblSA" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment" name="CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherPrepaidExpenses" name="OtherPrepaidExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA" name="IntangibleAssetsOpeningOpeningBalanceCBLSA" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" name="IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ForeignLoanMaturityDate" name="ForeignLoanMaturityDate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoanMaturityBancoDeBrasil" name="LoanMaturityBancoDeBrasil" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_DebentureReprice" name="DebentureReprice" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebenturePaymentOfInterestDescription" name="DebenturePaymentOfInterestDescription" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureInterestDescription" name="DebentureInterestDescription" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebenturePaymentOfFaceValueDescription" name="DebenturePaymentOfFaceValueDescription" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureFinalMaturity" name="DebentureFinalMaturity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureFaceValue" name="DebentureFaceValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA" name="EmployeeBenefitPlansOpeningBalanceCBLSA" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_NoncurrentProvisionAssetRetirementObligation" name="NoncurrentProvisionAssetRetirementObligation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoansIncludingFutureContractualInterest" name="LoansIncludingFutureContractualInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CargoPort" name="CargoPort" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_MinimumCargoMovementPerYear" name="MinimumCargoMovementPerYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_CargooAgreementMaturity" name="CargooAgreementMaturity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_OperatingLeaseContractPayable" name="OperatingLeaseContractPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_OperatingLeaseContractReceivable" name="OperatingLeaseContractReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties" name="AccumulatedUnrecognizedGrantCostsRelatedParties" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AccumulatedRecognizedGrantCostsRelatedParties" name="AccumulatedRecognizedGrantCostsRelatedParties" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_GrantCostsIncludingTaxes" name="GrantCostsIncludingTaxes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_PostemploymentBenefitsNoncurrent" name="PostemploymentBenefitsNoncurrent" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_RelatedPartiesNoncurrentAssets" name="RelatedPartiesNoncurrentAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IndemnityAsset" name="IndemnityAsset" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TemporaryGoodwillAsset" name="TemporaryGoodwillAsset" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TotalAssetsAcquiredAndGoodwill" name="TotalAssetsAcquiredAndGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TotalAssetsAcquired" name="TotalAssetsAcquired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_TemporaryConsiderationTransferred" name="TemporaryConsiderationTransferred" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_TemporaryGoodwill" name="TemporaryGoodwill" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ExpirationYear" name="ExpirationYear" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_IncentivePercentage" name="IncentivePercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_BusinessUnit" name="BusinessUnit" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary" name="Subsidiary" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_DifferenceFairValueOfConsiderationReceivedOrPaid" name="DifferenceFairValueOfConsiderationReceivedOrPaid" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" name="AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow" name="InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_NetLiabilityPosition" name="NetLiabilityPosition" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_HedgingInstrumentsPositionFairValue" name="HedgingInstrumentsPositionFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_HedgingInstrumentsAmountsPayable" name="HedgingInstrumentsAmountsPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_HedgingInstrumentsAmountsReceivable" name="HedgingInstrumentsAmountsReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_AdditionsLoansAndDebenturesWithCashEffect" name="AdditionsLoansAndDebenturesWithCashEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_PrincipalPaymentAndFinancialLeases" name="PrincipalPaymentAndFinancialLeases" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LoandsAndDebenturesInterestAccrued" name="LoandsAndDebenturesInterestAccrued" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_LoansAndDebenturesInterestPayment" name="LoansAndDebenturesInterestPayment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LoansAndDebenturesChangeInFairValue" name="LoansAndDebenturesChangeInFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_LoansAndDebenturesMonetaryVariation" name="LoansAndDebenturesMonetaryVariation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_Debentures" name="Debentures" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock" name="SummaryOfPrincipalMaturityScheduleTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfForeignLoanMaturityTableTextBlock" name="SummaryOfForeignLoanMaturityTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfDebenturesTableTextBlock" name="SummaryOfDebenturesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" name="SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_EquityInstrumentGranted" name="EquityInstrumentGranted" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NoncontrollingInterestsChangesCBLSA" name="NoncontrollingInterestsChangesCBLSA" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NoncontrollingInterestsAddedDueToBusinessCombination" name="NoncontrollingInterestsAddedDueToBusinessCombination" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_TccMonetaryRestatement" name="TccMonetaryRestatement" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ReversalOfProvision" name="ReversalOfProvision" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_OtherAdjustmentsForNoncashItems1" name="OtherAdjustmentsForNoncashItems1" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ForeignLoanMaturityAmount" name="ForeignLoanMaturityAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_AverageCostInPercentageOfCdi" name="AverageCostInPercentageOfCdi" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ForfeitureOfSharesGranted" name="ForfeitureOfSharesGranted" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" name="SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfProvisionForLossesTableTextBlock" name="SummaryOfProvisionForLossesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock" name="SummaryOfProvisionForIcmsLossesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" name="SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" name="SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" name="SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock" name="SummaryOfBalancesInIntangibleAssetsTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" name="SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfTransactionCostsTableTextBlock" name="SummaryOfTransactionCostsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" name="SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfCompostionOfLoansTableTextBlock" name="SummaryOfCompostionOfLoansTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" name="SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_DisclosureOfSegmentInformationExplanatory" name="DisclosureOfSegmentInformationExplanatory" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock" name="SummaryOfFinancialInformationOfSegmentsTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_SummaryOfAssetReclassificationTableTextBlock" name="SummaryOfAssetReclassificationTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_FairValueAdjustmentSubsidiaries" name="FairValueAdjustmentSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_FairValueAdjustmentJointVenture" name="FairValueAdjustmentJointVenture" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AddititionalDividendsNonControlingInterest" name="AddititionalDividendsNonControlingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LegalReserves" name="LegalReserves" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_InterimDividendPayable" name="InterimDividendPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ProposedDividends" name="ProposedDividends" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses" name="AdjustmentsOfAvailableForSaleForFairValueGainsLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ProposedDividends2" name="ProposedDividends2" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ProposedDividends3" name="ProposedDividends3" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_InterimDividends2" name="InterimDividends2" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialGainsOfPostEmploymentBenefitsNet" name="ActuarialGainsOfPostEmploymentBenefitsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ActuarialLossesOfPostEmploymentBenefitsNet" name="ActuarialLossesOfPostEmploymentBenefitsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_IndirecttControlInterestPercentage" name="IndirecttControlInterestPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_DirectControlInterestPercentage" name="DirectControlInterestPercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_BusinessSegment" name="BusinessSegment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_Location" name="Location" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionForLossesInventories" name="ProvisionForLossesInventories" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa" name="PropertyPlantAndEquipmentOpeningBalanceCblsa" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" name="EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ForeignCurrencyDenominatedLoans" name="ForeignCurrencyDenominatedLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_BrazilianRealDenominatedLoans" name="BrazilianRealDenominatedLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoanDebt" name="LoanDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CurrentDebt" name="CurrentDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoanDescription" name="LoanDescription" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoanMaturityDate" name="LoanMaturityDate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_WeightedAverageFinancialChargesLoans" name="WeightedAverageFinancialChargesLoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoanIndexCurrency" name="LoanIndexCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_AdditionsToProvisionForTaxCivilAndLaborRisks" name="AdditionsToProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks" name="WriteOffsOfProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks" name="MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionsByNatureOpeningBalanceCBLSA" name="ProvisionsByNatureOpeningBalanceCBLSA" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" name="NoncurrentProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CurrentProvisionForTaxCivilAndLaborRisks" name="CurrentProvisionForTaxCivilAndLaborRisks" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FutureOperatingLeaseDisbursements" name="FutureOperatingLeaseDisbursements" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_TotalForeignCurrencyAndBrazilianReais" name="TotalForeignCurrencyAndBrazilianReais" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LoansDebenturesAndFinanceLeases" name="LoansDebenturesAndFinanceLeases" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" name="CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" name="ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NetInvestmentsInForeignSubsidiaries" name="NetInvestmentsInForeignSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_AssetsInForeignCurrency" name="AssetsInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_FinancingInForeignCurrency" name="FinancingInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_PayablesArisingFromImports" name="PayablesArisingFromImports" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LiabilitiesInForeignCurrency" name="LiabilitiesInForeignCurrency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ForeignCurrencyHedgingInstruments" name="ForeignCurrencyHedgingInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_NetAssetLiabilityPositionTotal" name="NetAssetLiabilityPositionTotal" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NetAssetLiabilityPositionIncomeStatementEffect" name="NetAssetLiabilityPositionIncomeStatementEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NetAssetLiabilityPositionShareholdersEquityEffect" name="NetAssetLiabilityPositionShareholdersEquityEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_CurrencyAndInterestRateHedgingInstruments" name="CurrencyAndInterestRateHedgingInstruments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock" name="SummaryOfLoanAndDebentureMaturityTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration"/>
    <element id="UGP_EffectiveRateOfTransactionCosts" name="EffectiveRateOfTransactionCosts" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration"/>
    <element id="UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy" name="FinancialLiabilitiesLevel1OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy" name="FinancialLiabilitiesLevel2OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy" name="FinancialLiabilitiesLevel3OfFairValueHierarchy" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_SubscribedAndPaidInCapitalStock" name="SubscribedAndPaidInCapitalStock" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant"/>
    <element id="UGP_PromissoryNotesGuarantees" name="PromissoryNotesGuarantees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_FinancingCollateral" name="FinancingCollateral" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_LettersOfCreditForCommercialAndLegalProceedings" name="LettersOfCreditForCommercialAndLegalProceedings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_RawMaterialGuarantees" name="RawMaterialGuarantees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals" name="MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_EscrowDepositsMadeUnderPreliminaryInjunction" name="EscrowDepositsMadeUnderPreliminaryInjunction" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionsForLawsuitsAndAdministrativeProceedings" name="ProvisionsForLawsuitsAndAdministrativeProceedings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ProvisionsForLaborLitigationFiledByFormerEmployees" name="ProvisionsForLaborLitigationFiledByFormerEmployees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_PossibleContingency" name="PossibleContingency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity" name="ContingentLiabilitiesForTaxMattersAndSocialSecurity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IPIContingency" name="IPIContingency" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LegalProceedingsRelatedToICMS" name="LegalProceedingsRelatedToICMS" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ICMSCredits" name="ICMSCredits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" name="ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_PenaltyOnUltragaz" name="PenaltyOnUltragaz" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ContingentLiabilitiesForLaborMatters" name="ContingentLiabilitiesForLaborMatters" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeStatementEffectIncrease" name="IncomeStatementEffectIncrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ShareholdersEquityEffectDecrease" name="ShareholdersEquityEffectDecrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" name="IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeStatementEffectDecrease" name="IncomeStatementEffectDecrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ShareholdersEquityEffectIncrease" name="ShareholdersEquityEffectIncrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" name="IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments" name="InterestEffectOnCashEquivalentsAndFinancialInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect" name="ForeignExchangeHedgingInstrumentsAssetsCDIEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnDebtCDI" name="InterestEffectOnDebtCDI" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect" name="InterestRateHedgingInstrumentsLiabilitiesCDIEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncrementalExpensesCDI" name="IncrementalExpensesCDI" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnDebtTJLP" name="InterestEffectOnDebtTJLP" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncrementalExpensesTJLP" name="IncrementalExpensesTJLP" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" name="ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnDebtLIBOR" name="InterestEffectOnDebtLIBOR" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncrementalExpensesLIBOR" name="IncrementalExpensesLIBOR" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnDebtTIIE" name="InterestEffectOnDebtTIIE" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncrementalExpensesTIIE" name="IncrementalExpensesTIIE" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_InterestEffectOnDebtSELIC" name="InterestEffectOnDebtSELIC" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_IncrementalExpensesSELIC" name="IncrementalExpensesSELIC" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_USDollarToRealSwaps" name="USDollarToRealSwaps" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_DebtsFirmCommitmentsInDollars" name="DebtsFirmCommitmentsInDollars" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_USDollarToRealSwapsNetEffect" name="USDollarToRealSwapsNetEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_RealToUSDollarSwaps" name="RealToUSDollarSwaps" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_GrossMarginOfOxitenoSwapPayable" name="GrossMarginOfOxitenoSwapPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_RealToUSDollarSwapsNetEffect" name="RealToUSDollarSwapsNetEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FixedRateSwapCDI" name="FixedRateSwapCDI" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FixedRateDebt" name="FixedRateDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FixedRateSwapNetEffect" name="FixedRateSwapNetEffect" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialLiabilitiesFairValue" name="FinancialLiabilitiesFairValue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_FinancialAssetLiabilityCategory" name="FinancialAssetLiabilityCategory" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_CategoryOfFinancialAssetsAndLiabilities" name="CategoryOfFinancialAssetsAndLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_CashCashEquivalentsAndShortTermFinancialInvestments" name="CashCashEquivalentsAndShortTermFinancialInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant"/>
    <element id="UGP_NotionalAmountDesignatedAsFairValueHedge" name="NotionalAmountDesignatedAsFairValueHedge" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LossRelatedToHedgingInstrument" name="LossRelatedToHedgingInstrument" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_GainRelatedToFairValueAdjustmentOfDebt" name="GainRelatedToFairValueAdjustmentOfDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration"/>
    <element id="UGP_LossRelatedToFinancialExpenseOfDebt" name="LossRelatedToFinancialExpenseOfDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges" name="NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_LossFromCashFlowHedges" name="LossFromCashFlowHedges" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket" name="NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" name="BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant"/>
    <element id="UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet" name="InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet" name="CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet" name="CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoMexicoMember" name="OxitenoMexicoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoServiciosCorporativosMember" name="OxitenoServiciosCorporativosMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoServiciosIndustrialesMember" name="OxitenoServiciosIndustrialesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoUSAMember" name="OxitenoUSAMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoAndinaMember" name="OxitenoAndinaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoUruguayMember" name="OxitenoUruguayMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IASSevenMember" name="IASSevenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IASTwelveMember" name="IASTwelveMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IFRSNineMember" name="IFRSNineMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IFRSFifteenMember" name="IFRSFifteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IFRSSixteenMember" name="IFRSSixteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DomesticCustomersMember" name="DomesticCustomersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ResellerFinancingIpirangaMember" name="ResellerFinancingIpirangaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ForeignCustomersMember" name="ForeignCustomersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AllowanceForDoubtfulAccountMember" name="AllowanceForDoubtfulAccountMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UniaoVopakMember" name="UniaoVopakMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_RPRMember" name="RPRMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ConnectCarMember" name="ConnectCarMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TransportadoraSulbrasileiraDeGasMember" name="TransportadoraSulbrasileiraDeGasMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxicapIndustriaDeGasesMember" name="OxicapIndustriaDeGasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_QuimicaDaBahiaIndustriaEComercioMember" name="QuimicaDaBahiaIndustriaEComercioMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MetalurgicaPlusMember" name="MetalurgicaPlusMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_PlenogasDistribuidoraDeGasMember" name="PlenogasDistribuidoraDeGasMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AutomotiveMember" name="AutomotiveMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LPGTanksMember" name="LPGTanksMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FurnitureMember" name="FurnitureMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AdvancesToSuppliersMember" name="AdvancesToSuppliersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ImportsInProgressMember" name="ImportsInProgressMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ITEquipmentMember" name="ITEquipmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DomesticSuppliersMember" name="DomesticSuppliersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ForeignSuppliersMember" name="ForeignSuppliersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionsOnPayrollMember" name="ProvisionsOnPayrollMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ProfitSharingMember" name="ProfitSharingMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_SocialChargesMember" name="SocialChargesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_SalariesAndRelatedPaymentsMember" name="SalariesAndRelatedPaymentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_BenefitsMember" name="BenefitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherChargesMember" name="OtherChargesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ICMSMember" name="ICMSMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_PISAndCOFINSMember" name="PISAndCOFINSMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IncomeTaxWithholdingMember" name="IncomeTaxWithholdingMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ValueAddedTaxMember" name="ValueAddedTaxMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IPIMember" name="IPIMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ISSMember" name="ISSMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_NationalInstituteofSocialSecurityMember" name="NationalInstituteofSocialSecurityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherTaxesPayableMember" name="OtherTaxesPayableMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FranchisingUpfrontFeeMember" name="FranchisingUpfrontFeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoyaltyProgramOneMember" name="LoyaltyProgramOneMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoyaltyProgramTwoMember" name="LoyaltyProgramTwoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CommercialPartnershipsMember" name="CommercialPartnershipsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MerchandisingMember" name="MerchandisingMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LoyaltyProgramMember" name="LoyaltyProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AdjustmentOfWorkingCapitalMember" name="AdjustmentOfWorkingCapitalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UltraCargoFireMember" name="UltraCargoFireMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CompensationOfUndueUseMember" name="CompensationOfUndueUseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherOperatingIncomeOtherMember" name="OtherOperatingIncomeOtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UltragazMember" name="UltragazMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IpirangaMember" name="IpirangaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OxitenoMember" name="OxitenoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UltracargoMember" name="UltracargoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ExtrafarmaMember" name="ExtrafarmaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherSegmentsMember" name="OtherSegmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IntersegmentMember" name="IntersegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_BrazilMember" name="BrazilMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MexicoMember" name="MexicoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UruguayMember" name="UruguayMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_VenezuelaMember" name="VenezuelaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherLatinAmericanCountriesMember" name="OtherLatinAmericanCountriesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UnitedStatesMember" name="UnitedStatesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FarEastMember" name="FarEastMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_EuropeContinentMember" name="EuropeContinentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherRegionsMember" name="OtherRegionsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CargoContractOneMember" name="CargoContractOneMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CargoContractTwoMember" name="CargoContractTwoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CargoContractThreeMember" name="CargoContractThreeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CargoContractFourMember" name="CargoContractFourMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Q1Member" name="Q1Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Q2Member" name="Q2Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Q3Member" name="Q3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Q4Member" name="Q4Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary1Member" name="Subsidiary1Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary2Member" name="Subsidiary2Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary3Member" name="Subsidiary3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary4Member" name="Subsidiary4Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary5Member" name="Subsidiary5Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary6Member" name="Subsidiary6Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary7Member" name="Subsidiary7Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary8Member" name="Subsidiary8Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary9Member" name="Subsidiary9Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary10Member" name="Subsidiary10Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary11Member" name="Subsidiary11Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary12Member" name="Subsidiary12Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary13Member" name="Subsidiary13Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary14Member" name="Subsidiary14Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary15Member" name="Subsidiary15Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary16Member" name="Subsidiary16Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary17Member" name="Subsidiary17Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary18Member" name="Subsidiary18Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary19Member" name="Subsidiary19Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary20Member" name="Subsidiary20Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary21Member" name="Subsidiary21Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary22Member" name="Subsidiary22Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary23Member" name="Subsidiary23Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary24Member" name="Subsidiary24Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary25Member" name="Subsidiary25Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary26Member" name="Subsidiary26Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary27Member" name="Subsidiary27Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary28Member" name="Subsidiary28Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary29Member" name="Subsidiary29Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary30Member" name="Subsidiary30Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary31Member" name="Subsidiary31Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary32Member" name="Subsidiary32Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary33Member" name="Subsidiary33Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary34Member" name="Subsidiary34Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary35Member" name="Subsidiary35Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary36Member" name="Subsidiary36Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary37Member" name="Subsidiary37Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ClubeExtrafarmaMember" name="ClubeExtrafarmaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CustomerRelationshipWholesaleMember" name="CustomerRelationshipWholesaleMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CustomerOtherAcquiredIntangibleMember" name="CustomerOtherAcquiredIntangibleMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AcquisitionDateMember" name="AcquisitionDateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FinishedGoodsMember" name="FinishedGoodsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_WorkInProcessMember" name="WorkInProcessMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_RawMaterialsMember" name="RawMaterialsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LiquifiedPetroleumGasMember" name="LiquifiedPetroleumGasMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FuelsMember" name="FuelsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ConsumableMaterialsMember" name="ConsumableMaterialsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_PharmaceuticalHygieneBeautyProductsMember" name="PharmaceuticalHygieneBeautyProductsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_PropertiesForResaleMember" name="PropertiesForResaleMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IRPJAndCSLLMember" name="IRPJAndCSLLMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ProvisionForICMSLossesMember" name="ProvisionForICMSLossesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ExciseTaxMember" name="ExciseTaxMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From1To2YearsMember" name="From1To2YearsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From2To3YearsMember" name="From2To3YearsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From3To4YearsMember" name="From3To4YearsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From4To5YearsMember" name="From4To5YearsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MoreThan5YearsMember" name="MoreThan5YearsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_HealthAndDentalCareMember" name="HealthAndDentalCareMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_FGTSPenaltyMember" name="FGTSPenaltyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_BonusMember" name="BonusMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LifeInsuranceMember" name="LifeInsuranceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_SocialSecurityMember" name="SocialSecurityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ClaimsMember" name="ClaimsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LaborLitigationMember" name="LaborLitigationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherProvisionMember" name="OtherProvisionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TaxMattersMember" name="TaxMattersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CivilAndOtherMember" name="CivilAndOtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_LessThan30DaysMember" name="LessThan30DaysMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From31To60DaysMember" name="From31To60DaysMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From61To90DaysMember" name="From61To90DaysMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_From91To180DaysMember" name="From91To180DaysMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MoreThan180DaysMember" name="MoreThan180DaysMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_UniaoTerminaisMember" name="UniaoTerminaisMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TexacoMember" name="TexacoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TemmarMember" name="TemmarMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DNPMember" name="DNPMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_RepsolMember" name="RepsolMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ConectCarSolucoesDeMobilidadeEletronicaMember" name="ConectCarSolucoesDeMobilidadeEletronicaMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_RefinariaDePetroleoRigrandenseMember" name="RefinariaDePetroleoRigrandenseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_RelatiedPartiesOtherMember" name="RelatiedPartiesOtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ShortTermCompensationMember" name="ShortTermCompensationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element id="UGP_FinanceLeasesMember" name="FinanceLeasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element id="UGP_BancoDeBrasilMember" name="BancoDeBrasilMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ForeignLoansMember" name="ForeignLoansMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_NotesInForeignMarketMember" name="NotesInForeignMarketMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_OtherTransactionCostsMember" name="OtherTransactionCostsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan1Member" name="Loan1Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan2Member" name="Loan2Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan3Member" name="Loan3Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan4Member" name="Loan4Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan5Member" name="Loan5Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan6Member" name="Loan6Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan7Member" name="Loan7Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan8Member" name="Loan8Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan9Member" name="Loan9Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan10Member" name="Loan10Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan11Member" name="Loan11Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan12Member" name="Loan12Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan13Member" name="Loan13Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan14Member" name="Loan14Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan15Member" name="Loan15Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan16Member" name="Loan16Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan17Member" name="Loan17Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan18Member" name="Loan18Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan19Member" name="Loan19Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan20Member" name="Loan20Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan21Member" name="Loan21Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan22Member" name="Loan22Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan23Member" name="Loan23Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan24Member" name="Loan24Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan25Member" name="Loan25Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan26Member" name="Loan26Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan27Member" name="Loan27Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan28Member" name="Loan28Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan29Member" name="Loan29Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan30Member" name="Loan30Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Loan31Member" name="Loan31Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IFRSNineAdoptionMember" name="IFRSNineAdoptionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_IFRSFifteenAdoptionMember" name="IFRSFifteenAdoptionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_AfterAdoptionMember" name="AfterAdoptionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TerminationBenefitMember" name="TerminationBenefitMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_PERTMember" name="PERTMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_CBLSAMember" name="CBLSAMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element id="UGP_DebentureSixMember" name="DebentureSixMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureSevenMember" name="DebentureSevenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureEightMember" name="DebentureEightMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_DebentureNineMember" name="DebentureNineMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Debentures1Member" name="Debentures1Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element id="UGP_RestrictedAndPerformanceProgramMember" name="RestrictedAndPerformanceProgramMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_Subsidiary47Member" name="Subsidiary47Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_NoncontrollingShareholdersInterestChangeMember" name="NoncontrollingShareholdersInterestChangeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_ReversalOfProvisionMember" name="ReversalOfProvisionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_TCCMember" name="TCCMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityTenMember" name="MaturityTenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityElevenMember" name="MaturityElevenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityTwelveMember" name="MaturityTwelveMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityThirteenMember" name="MaturityThirteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityFourteenMember" name="MaturityFourteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturityFifteenMember" name="MaturityFifteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturitySixteenMember" name="MaturitySixteenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element id="UGP_MaturitySeventeenMember" name="MaturitySeventeenMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element id="UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember" name="ExchangeRateSwapsPayableInUSDollarsCouponMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract" name="IncreaseDecreaseInCurrentLiabilitiesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SalariesAndRelatedChargesAbstract" name="SalariesAndRelatedChargesAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_EmployeeBenefitsAndPrivatePensionPlanAbstract" name="EmployeeBenefitsAndPrivatePensionPlanAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract" name="LoansDebenturesAndFinanceLeasesDetails1Abstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails4Abstract" name="EmployeeBenefitsAndPrivatePensionPlanDetails4Abstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract" name="EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract" name="ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SummaryOfProvisionsTable" name="SummaryOfProvisionsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfProvisionsLineItems" name="SummaryOfProvisionsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ProvisionContingenciesAndCommitmentsDetails1Abstract" name="ProvisionContingenciesAndCommitmentsDetails1Abstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfEscrowDepositsTable" name="SummaryOfEscrowDepositsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfEscrowDepositsLineItems" name="SummaryOfEscrowDepositsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_EscrowDepositsAxis" name="EscrowDepositsAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_EscrowDepositsDomain" name="EscrowDepositsDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract" name="ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SummaryOfDeferredRevenueTable" name="SummaryOfDeferredRevenueTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfDeferredRevenueLineItems" name="SummaryOfDeferredRevenueLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_DeferredRevenueAxis" name="DeferredRevenueAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_DeferredRevenueDomain" name="DeferredRevenueDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract" name="SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ShareholdersEquityDetails1Abstract" name="ShareholdersEquityDetails1Abstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SummaryOfShareholdersEquityLineItems" name="SummaryOfShareholdersEquityLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ShareholdersEquityDetailsAbstract" name="ShareholdersEquityDetailsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element id="UGP_NetIncomeForYearAfterLegalReserve" name="NetIncomeForYearAfterLegalReserve" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ShareholdersEquityDetailsNarrativeAbstract" name="ShareholdersEquityDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_NetRevenueFromSaleAndServicesDetailsAbstract" name="NetRevenueFromSaleAndServicesDetailsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ExpensesByNatureDetailsAbstract" name="ExpensesByNatureDetailsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_ExpensesByNatureDetailsNarrativeAbstract" name="ExpensesByNatureDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract" name="GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SummaryOfOtherOperatingIncomeNetTable" name="SummaryOfOtherOperatingIncomeNetTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfOtherOperatingIncomeNetLineItems" name="SummaryOfOtherOperatingIncomeNetLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_HedgingInstrumentRatesDomain" name="HedgingInstrumentRatesDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_RisksAndFinancialInstrumentsDetails8Abstract" name="RisksAndFinancialInstrumentsDetails8Abstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_CurrencySwapsReceivableInUSDollarsAbstract" name="CurrencySwapsReceivableInUSDollarsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_CurrencySwapsPayableInUSDollarsAbstract" name="CurrencySwapsPayableInUSDollarsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" name="InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_RisksAndFinancialInstrumentsDetailsNarrativeAbstract" name="RisksAndFinancialInstrumentsDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
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    <element abstract="true" id="UGP_SummaryOfCommitmentsTable" name="SummaryOfCommitmentsTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_SummaryOfCommitmentsLineItems" name="SummaryOfCommitmentsLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
    <element abstract="true" id="UGP_CommitmentsDetailsNarrativeAbstract" name="CommitmentsDetailsNarrativeAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration"/>
</schema>
</XBRL>
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<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>4
<FILENAME>ugp-20171231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
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      <link:loc xlink:type="locator" xlink:href="ugp-20171231.xsd#UGP_OperatingLeaseContractPayable" xlink:label="loc_UGPOperatingLeaseContractPayable_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_UGPSummaryOfCommitmentsLineItems" xlink:to="loc_UGPOperatingLeaseContractPayable_50" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="ugp-20171231.xsd#UGP_OperatingLeaseContractReceivable" xlink:label="loc_UGPOperatingLeaseContractReceivable_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_UGPSummaryOfCommitmentsLineItems" xlink:to="loc_UGPOperatingLeaseContractReceivable_50" xlink:type="arc" order="2" />
    </link:definitionLink>
    <link:definitionLink xlink:type="extended" xlink:role="http://ultra.com.br/role/CommitmentsDetailsNarrative" xlink:title="00000167 - Disclosure - 32. Commitments (Details Narrative)" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>ugp-20171231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no" ?>
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    <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
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    <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IssuedCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Capital</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_UnconsolidatedSubsidiariesAxis" xlink:label="ifrs-full_UnconsolidatedSubsidiariesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedSubsidiariesAxis" xlink:to="ifrs-full_UnconsolidatedSubsidiariesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_UnconsolidatedSubsidiariesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unconsolidated subsidiaries [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoMexicoMember" xlink:label="UGP_OxitenoMexicoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoMexicoMember" xlink:to="UGP_OxitenoMexicoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoMexicoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno Mexico</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoServiciosCorporativosMember" xlink:label="UGP_OxitenoServiciosCorporativosMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoServiciosCorporativosMember" xlink:to="UGP_OxitenoServiciosCorporativosMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoServiciosCorporativosMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno Servicios Corporativos</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoServiciosIndustrialesMember" xlink:label="UGP_OxitenoServiciosIndustrialesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoServiciosIndustrialesMember" xlink:to="UGP_OxitenoServiciosIndustrialesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoServiciosIndustrialesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno Servicios Industriales</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoUSAMember" xlink:label="UGP_OxitenoUSAMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoUSAMember" xlink:to="UGP_OxitenoUSAMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoUSAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno USA</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoAndinaMember" xlink:label="UGP_OxitenoAndinaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoAndinaMember" xlink:to="UGP_OxitenoAndinaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoAndinaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno Andina</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoUruguayMember" xlink:label="UGP_OxitenoUruguayMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoUruguayMember" xlink:to="UGP_OxitenoUruguayMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoUruguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno Uruguay</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NewIFRSsAxis" xlink:label="ifrs-full_NewIFRSsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NewIFRSsAxis" xlink:to="ifrs-full_NewIFRSsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NewIFRSsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New IFRSs [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IASSevenMember" xlink:label="UGP_IASSevenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IASSevenMember" xlink:to="UGP_IASSevenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IASSevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IAS 7</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IASTwelveMember" xlink:label="UGP_IASTwelveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IASTwelveMember" xlink:to="UGP_IASTwelveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IASTwelveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IAS 12</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IFRSNineMember" xlink:label="UGP_IFRSNineMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IFRSNineMember" xlink:to="UGP_IFRSNineMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IFRSNineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 9</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IFRSFifteenMember" xlink:label="UGP_IFRSFifteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IFRSFifteenMember" xlink:to="UGP_IFRSFifteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IFRSFifteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 15</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IFRSSixteenMember" xlink:label="UGP_IFRSSixteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IFRSSixteenMember" xlink:to="UGP_IFRSSixteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IFRSSixteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 16</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesAxis" xlink:label="UGP_TradeReceivablesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesAxis" xlink:to="UGP_TradeReceivablesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TradeReceivables [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DomesticCustomersMember" xlink:label="UGP_DomesticCustomersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DomesticCustomersMember" xlink:to="UGP_DomesticCustomersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DomesticCustomersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Domestic customers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ResellerFinancingIpirangaMember" xlink:label="UGP_ResellerFinancingIpirangaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ResellerFinancingIpirangaMember" xlink:to="UGP_ResellerFinancingIpirangaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ResellerFinancingIpirangaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reseller Financing Ipiranga</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignCustomersMember" xlink:label="UGP_ForeignCustomersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignCustomersMember" xlink:to="UGP_ForeignCustomersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignCustomersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign customers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AllowanceForDoubtfulAccountMember" xlink:label="UGP_AllowanceForDoubtfulAccountMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllowanceForDoubtfulAccountMember" xlink:to="UGP_AllowanceForDoubtfulAccountMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllowanceForDoubtfulAccountMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Doubtful Accounts</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_JointVenturesAxis" xlink:label="ifrs-full_JointVenturesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesAxis" xlink:to="ifrs-full_JointVenturesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_JointVenturesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Joint ventures [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UniaoVopakMember" xlink:label="UGP_UniaoVopakMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UniaoVopakMember" xlink:to="UGP_UniaoVopakMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UniaoVopakMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uniao Vopak</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RPRMember" xlink:label="UGP_RPRMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RPRMember" xlink:to="UGP_RPRMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RPRMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RPR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ConnectCarMember" xlink:label="UGP_ConnectCarMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ConnectCarMember" xlink:to="UGP_ConnectCarMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ConnectCarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Connect Car</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TransportadoraSulbrasileiraDeGasMember" xlink:label="UGP_TransportadoraSulbrasileiraDeGasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransportadoraSulbrasileiraDeGasMember" xlink:to="UGP_TransportadoraSulbrasileiraDeGasMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransportadoraSulbrasileiraDeGasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transportadora Sulbrasileira de Gas</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxicapIndustriaDeGasesMember" xlink:label="UGP_OxicapIndustriaDeGasesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxicapIndustriaDeGasesMember" xlink:to="UGP_OxicapIndustriaDeGasesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxicapIndustriaDeGasesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxicap Industria de Gases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_QuimicaDaBahiaIndustriaEComercioMember" xlink:label="UGP_QuimicaDaBahiaIndustriaEComercioMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_QuimicaDaBahiaIndustriaEComercioMember" xlink:to="UGP_QuimicaDaBahiaIndustriaEComercioMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_QuimicaDaBahiaIndustriaEComercioMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Quimica da Bahia Industria e Comercio</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MetalurgicaPlusMember" xlink:label="UGP_MetalurgicaPlusMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MetalurgicaPlusMember" xlink:to="UGP_MetalurgicaPlusMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MetalurgicaPlusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Metalurgica Plus</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PlenogasDistribuidoraDeGasMember" xlink:label="UGP_PlenogasDistribuidoraDeGasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PlenogasDistribuidoraDeGasMember" xlink:to="UGP_PlenogasDistribuidoraDeGasMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PlenogasDistribuidoraDeGasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Plenogas Distribuidora de Gas</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradePayablesAxis" xlink:label="UGP_TradePayablesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradePayablesAxis" xlink:to="UGP_TradePayablesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradePayablesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TradePayables [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DomesticSuppliersMember" xlink:label="UGP_DomesticSuppliersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DomesticSuppliersMember" xlink:to="UGP_DomesticSuppliersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DomesticSuppliersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Domestic Suppliers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignSuppliersMember" xlink:label="UGP_ForeignSuppliersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignSuppliersMember" xlink:to="UGP_ForeignSuppliersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignSuppliersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Suppliers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SalariesAndRelatedChargesAxis" xlink:label="UGP_SalariesAndRelatedChargesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalariesAndRelatedChargesAxis" xlink:to="UGP_SalariesAndRelatedChargesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalariesAndRelatedChargesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Salaries and Related Charges [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionsOnPayrollMember" xlink:label="UGP_ProvisionsOnPayrollMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionsOnPayrollMember" xlink:to="UGP_ProvisionsOnPayrollMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionsOnPayrollMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions on salaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProfitSharingMember" xlink:label="UGP_ProfitSharingMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProfitSharingMember" xlink:to="UGP_ProfitSharingMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProfitSharingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit sharing, bonus and premium</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SocialChargesMember" xlink:label="UGP_SocialChargesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SocialChargesMember" xlink:to="UGP_SocialChargesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SocialChargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Social charges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherChargesMember" xlink:label="UGP_OtherChargesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherChargesMember" xlink:to="UGP_OtherChargesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherChargesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TaxesAxis" xlink:label="UGP_TaxesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxesAxis" xlink:to="UGP_TaxesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ICMSMember" xlink:label="UGP_ICMSMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ICMSMember" xlink:to="UGP_ICMSMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ICMSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICMS</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PISAndCOFINSMember" xlink:label="UGP_PISAndCOFINSMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PISAndCOFINSMember" xlink:to="UGP_PISAndCOFINSMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PISAndCOFINSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PIS and COFINS</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ValueAddedTaxMember" xlink:label="UGP_ValueAddedTaxMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ValueAddedTaxMember" xlink:to="UGP_ValueAddedTaxMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ValueAddedTaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value-Added Tax</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ISSMember" xlink:label="UGP_ISSMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ISSMember" xlink:to="UGP_ISSMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ISSMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ISS</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherTaxesPayableMember" xlink:label="UGP_OtherTaxesPayableMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherTaxesPayableMember" xlink:to="UGP_OtherTaxesPayableMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherTaxesPayableMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredRevenueAxis" xlink:label="UGP_DeferredRevenueAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredRevenueAxis" xlink:to="UGP_DeferredRevenueAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredRevenueAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FranchisingUpfrontFeeMember" xlink:label="UGP_FranchisingUpfrontFeeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FranchisingUpfrontFeeMember" xlink:to="UGP_FranchisingUpfrontFeeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FranchisingUpfrontFeeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Franchising upfront fee</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoyaltyProgramOneMember" xlink:label="UGP_LoyaltyProgramOneMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoyaltyProgramOneMember" xlink:to="UGP_LoyaltyProgramOneMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoyaltyProgramOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loyalty program Km de Vantagens</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoyaltyProgramTwoMember" xlink:label="UGP_LoyaltyProgramTwoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoyaltyProgramTwoMember" xlink:to="UGP_LoyaltyProgramTwoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoyaltyProgramTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loyalty program Clube Extrafarma</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherOperatingIncomeNetAxis" xlink:label="UGP_OtherOperatingIncomeNetAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherOperatingIncomeNetAxis" xlink:to="UGP_OtherOperatingIncomeNetAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherOperatingIncomeNetAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Income, net [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialPartnershipsMember" xlink:label="UGP_CommercialPartnershipsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialPartnershipsMember" xlink:to="UGP_CommercialPartnershipsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialPartnershipsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial partnerships</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MerchandisingMember" xlink:label="UGP_MerchandisingMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MerchandisingMember" xlink:to="UGP_MerchandisingMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MerchandisingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merchandising</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoyaltyProgramMember" xlink:label="UGP_LoyaltyProgramMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoyaltyProgramMember" xlink:to="UGP_LoyaltyProgramMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoyaltyProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loyalty program</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentOfWorkingCapitalMember" xlink:label="UGP_AdjustmentOfWorkingCapitalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentOfWorkingCapitalMember" xlink:to="UGP_AdjustmentOfWorkingCapitalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentOfWorkingCapitalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment of working capital and net debt Extrafarma acquisition</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UltraCargoFireMember" xlink:label="UGP_UltraCargoFireMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UltraCargoFireMember" xlink:to="UGP_UltraCargoFireMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UltraCargoFireMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ultracargo fire accident in Santos</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CompensationOfUndueUseMember" xlink:label="UGP_CompensationOfUndueUseMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CompensationOfUndueUseMember" xlink:to="UGP_CompensationOfUndueUseMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CompensationOfUndueUseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensation of undue use of Ultratecno brand</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherOperatingIncomeOtherMember" xlink:label="UGP_OtherOperatingIncomeOtherMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherOperatingIncomeOtherMember" xlink:to="UGP_OtherOperatingIncomeOtherMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherOperatingIncomeOtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SegmentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UltragazMember" xlink:label="UGP_UltragazMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UltragazMember" xlink:to="UGP_UltragazMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UltragazMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ultragaz</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IpirangaMember" xlink:label="UGP_IpirangaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IpirangaMember" xlink:to="UGP_IpirangaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IpirangaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ipiranga</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OxitenoMember" xlink:label="UGP_OxitenoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OxitenoMember" xlink:to="UGP_OxitenoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OxitenoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxiteno</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UltracargoMember" xlink:label="UGP_UltracargoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UltracargoMember" xlink:to="UGP_UltracargoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UltracargoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ultracargo</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExtrafarmaMember" xlink:label="UGP_ExtrafarmaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaMember" xlink:to="UGP_ExtrafarmaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extrafarma</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherSegmentsMember" xlink:label="UGP_OtherSegmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherSegmentsMember" xlink:to="UGP_OtherSegmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherSegmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntersegmentMember" xlink:label="UGP_IntersegmentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntersegmentMember" xlink:to="UGP_IntersegmentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntersegmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment sales</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BrazilMember" xlink:label="UGP_BrazilMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BrazilMember" xlink:to="UGP_BrazilMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BrazilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brazil</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MexicoMember" xlink:label="UGP_MexicoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MexicoMember" xlink:to="UGP_MexicoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MexicoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mexico</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UruguayMember" xlink:label="UGP_UruguayMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UruguayMember" xlink:to="UGP_UruguayMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UruguayMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uruguay</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_VenezuelaMember" xlink:label="UGP_VenezuelaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_VenezuelaMember" xlink:to="UGP_VenezuelaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_VenezuelaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Venezuela</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherLatinAmericanCountriesMember" xlink:label="UGP_OtherLatinAmericanCountriesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherLatinAmericanCountriesMember" xlink:to="UGP_OtherLatinAmericanCountriesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherLatinAmericanCountriesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Latin American countries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UnitedStatesMember" xlink:label="UGP_UnitedStatesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UnitedStatesMember" xlink:to="UGP_UnitedStatesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UnitedStatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FarEastMember" xlink:label="UGP_FarEastMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FarEastMember" xlink:to="UGP_FarEastMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FarEastMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Far East</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EuropeContinentMember" xlink:label="UGP_EuropeContinentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EuropeContinentMember" xlink:to="UGP_EuropeContinentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EuropeContinentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Europe</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherRegionsMember" xlink:label="UGP_OtherRegionsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherRegionsMember" xlink:to="UGP_OtherRegionsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherRegionsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TypesOfContractsAxis" xlink:label="ifrs-full_TypesOfContractsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfContractsAxis" xlink:to="ifrs-full_TypesOfContractsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfContractsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of contracts [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargoContractOneMember" xlink:label="UGP_CargoContractOneMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoContractOneMember" xlink:to="UGP_CargoContractOneMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoContractOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cargo Contract One</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargoContractTwoMember" xlink:label="UGP_CargoContractTwoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoContractTwoMember" xlink:to="UGP_CargoContractTwoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoContractTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cargo Contract Two</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargoContractThreeMember" xlink:label="UGP_CargoContractThreeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoContractThreeMember" xlink:to="UGP_CargoContractThreeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoContractThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cargo Contract Three</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargoContractFourMember" xlink:label="UGP_CargoContractFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoContractFourMember" xlink:to="UGP_CargoContractFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoContractFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cargo Contract Four</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unconsolidated subsidiaries [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary1Member" xlink:label="UGP_Subsidiary1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary1Member" xlink:to="UGP_Subsidiary1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary2Member" xlink:label="UGP_Subsidiary2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary2Member" xlink:to="UGP_Subsidiary2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary3Member" xlink:label="UGP_Subsidiary3Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary3Member" xlink:to="UGP_Subsidiary3Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary4Member" xlink:label="UGP_Subsidiary4Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary4Member" xlink:to="UGP_Subsidiary4Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary5Member" xlink:label="UGP_Subsidiary5Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary5Member" xlink:to="UGP_Subsidiary5Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary6Member" xlink:label="UGP_Subsidiary6Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary6Member" xlink:to="UGP_Subsidiary6Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary6Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary7Member" xlink:label="UGP_Subsidiary7Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary7Member" xlink:to="UGP_Subsidiary7Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary7Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary8Member" xlink:label="UGP_Subsidiary8Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary8Member" xlink:to="UGP_Subsidiary8Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary8Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary9Member" xlink:label="UGP_Subsidiary9Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary9Member" xlink:to="UGP_Subsidiary9Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary9Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary10Member" xlink:label="UGP_Subsidiary10Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary10Member" xlink:to="UGP_Subsidiary10Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary10Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary11Member" xlink:label="UGP_Subsidiary11Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary11Member" xlink:to="UGP_Subsidiary11Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary11Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary12Member" xlink:label="UGP_Subsidiary12Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary12Member" xlink:to="UGP_Subsidiary12Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary12Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary13Member" xlink:label="UGP_Subsidiary13Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary13Member" xlink:to="UGP_Subsidiary13Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary13Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary14Member" xlink:label="UGP_Subsidiary14Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary14Member" xlink:to="UGP_Subsidiary14Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary14Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary15Member" xlink:label="UGP_Subsidiary15Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary15Member" xlink:to="UGP_Subsidiary15Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary15Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary16Member" xlink:label="UGP_Subsidiary16Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary16Member" xlink:to="UGP_Subsidiary16Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary16Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary17Member" xlink:label="UGP_Subsidiary17Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary17Member" xlink:to="UGP_Subsidiary17Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary17Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary18Member" xlink:label="UGP_Subsidiary18Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary18Member" xlink:to="UGP_Subsidiary18Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary18Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary19Member" xlink:label="UGP_Subsidiary19Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary19Member" xlink:to="UGP_Subsidiary19Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary19Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary20Member" xlink:label="UGP_Subsidiary20Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary20Member" xlink:to="UGP_Subsidiary20Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary20Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary21Member" xlink:label="UGP_Subsidiary21Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary21Member" xlink:to="UGP_Subsidiary21Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary21Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary22Member" xlink:label="UGP_Subsidiary22Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary22Member" xlink:to="UGP_Subsidiary22Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary22Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary23Member" xlink:label="UGP_Subsidiary23Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary23Member" xlink:to="UGP_Subsidiary23Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary23Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary24Member" xlink:label="UGP_Subsidiary24Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary24Member" xlink:to="UGP_Subsidiary24Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary24Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary25Member" xlink:label="UGP_Subsidiary25Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary25Member" xlink:to="UGP_Subsidiary25Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary25Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary26Member" xlink:label="UGP_Subsidiary26Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary26Member" xlink:to="UGP_Subsidiary26Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary26Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary27Member" xlink:label="UGP_Subsidiary27Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary27Member" xlink:to="UGP_Subsidiary27Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary27Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary28Member" xlink:label="UGP_Subsidiary28Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary28Member" xlink:to="UGP_Subsidiary28Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary28Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary29Member" xlink:label="UGP_Subsidiary29Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary29Member" xlink:to="UGP_Subsidiary29Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary29Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary30Member" xlink:label="UGP_Subsidiary30Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary30Member" xlink:to="UGP_Subsidiary30Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary31Member" xlink:label="UGP_Subsidiary31Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary31Member" xlink:to="UGP_Subsidiary31Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary31Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary32Member" xlink:label="UGP_Subsidiary32Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary32Member" xlink:to="UGP_Subsidiary32Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary32Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary33Member" xlink:label="UGP_Subsidiary33Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary33Member" xlink:to="UGP_Subsidiary33Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary33Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary34Member" xlink:label="UGP_Subsidiary34Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary34Member" xlink:to="UGP_Subsidiary34Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary34Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary35Member" xlink:label="UGP_Subsidiary35Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary35Member" xlink:to="UGP_Subsidiary35Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary35Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary36Member" xlink:label="UGP_Subsidiary36Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary36Member" xlink:to="UGP_Subsidiary36Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary36Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary37Member" xlink:label="UGP_Subsidiary37Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary37Member" xlink:to="UGP_Subsidiary37Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary37Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AcquisitionDateMember" xlink:label="UGP_AcquisitionDateMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionDateMember" xlink:to="UGP_AcquisitionDateMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionDateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Date</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesAxis" xlink:label="UGP_InventoriesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesAxis" xlink:to="UGP_InventoriesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinishedGoodsMember" xlink:label="UGP_FinishedGoodsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinishedGoodsMember" xlink:to="UGP_FinishedGoodsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinishedGoodsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finished goods</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WorkInProcessMember" xlink:label="UGP_WorkInProcessMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WorkInProcessMember" xlink:to="UGP_WorkInProcessMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WorkInProcessMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Work in process</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RawMaterialsMember" xlink:label="UGP_RawMaterialsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RawMaterialsMember" xlink:to="UGP_RawMaterialsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RawMaterialsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raw materials</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiquifiedPetroleumGasMember" xlink:label="UGP_LiquifiedPetroleumGasMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiquifiedPetroleumGasMember" xlink:to="UGP_LiquifiedPetroleumGasMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiquifiedPetroleumGasMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquified petroleum gas</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FuelsMember" xlink:label="UGP_FuelsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FuelsMember" xlink:to="UGP_FuelsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FuelsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fuels, lubricants, and greases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ConsumableMaterialsMember" xlink:label="UGP_ConsumableMaterialsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ConsumableMaterialsMember" xlink:to="UGP_ConsumableMaterialsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ConsumableMaterialsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consumable materials and other items for resale</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PharmaceuticalHygieneBeautyProductsMember" xlink:label="UGP_PharmaceuticalHygieneBeautyProductsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PharmaceuticalHygieneBeautyProductsMember" xlink:to="UGP_PharmaceuticalHygieneBeautyProductsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PharmaceuticalHygieneBeautyProductsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pharmaceutical, hygiene, and beauty products</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdvancesToSuppliersMember" xlink:label="UGP_AdvancesToSuppliersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvancesToSuppliersMember" xlink:to="UGP_AdvancesToSuppliersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvancesToSuppliersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances to suppliers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PropertiesForResaleMember" xlink:label="UGP_PropertiesForResaleMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PropertiesForResaleMember" xlink:to="UGP_PropertiesForResaleMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PropertiesForResaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Properties for resale</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IRPJAndCSLLMember" xlink:label="UGP_IRPJAndCSLLMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IRPJAndCSLLMember" xlink:to="UGP_IRPJAndCSLLMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IRPJAndCSLLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IRPJ and CSLL</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForICMSLossesMember" xlink:label="UGP_ProvisionForICMSLossesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForICMSLossesMember" xlink:to="UGP_ProvisionForICMSLossesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForICMSLossesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for ICMS losses(1)</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RangeAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From1To2YearsMember" xlink:label="UGP_From1To2YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From1To2YearsMember" xlink:to="UGP_From1To2YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From1To2YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 1 to 2 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From2To3YearsMember" xlink:label="UGP_From2To3YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From2To3YearsMember" xlink:to="UGP_From2To3YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From2To3YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 2 to 3 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From3To4YearsMember" xlink:label="UGP_From3To4YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From3To4YearsMember" xlink:to="UGP_From3To4YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From3To4YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 3 to 4 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From4To5YearsMember" xlink:label="UGP_From4To5YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From4To5YearsMember" xlink:to="UGP_From4To5YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From4To5YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 4 to 5 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MoreThan5YearsMember" xlink:label="UGP_MoreThan5YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MoreThan5YearsMember" xlink:to="UGP_MoreThan5YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MoreThan5YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">More than 5 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PostEmploymentBenefitsAxis" xlink:label="UGP_PostEmploymentBenefitsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PostEmploymentBenefitsAxis" xlink:to="UGP_PostEmploymentBenefitsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PostEmploymentBenefitsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post Employment Benefits [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HealthAndDentalCareMember" xlink:label="UGP_HealthAndDentalCareMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HealthAndDentalCareMember" xlink:to="UGP_HealthAndDentalCareMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HealthAndDentalCareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Health and dental care plan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FGTSPenaltyMember" xlink:label="UGP_FGTSPenaltyMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FGTSPenaltyMember" xlink:to="UGP_FGTSPenaltyMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FGTSPenaltyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FGTS Penalty</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BonusMember" xlink:label="UGP_BonusMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BonusMember" xlink:to="UGP_BonusMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BonusMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bonus</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LifeInsuranceMember" xlink:label="UGP_LifeInsuranceMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LifeInsuranceMember" xlink:to="UGP_LifeInsuranceMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LifeInsuranceMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Life Insurance</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ClaimsMember" xlink:label="UGP_ClaimsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ClaimsMember" xlink:to="UGP_ClaimsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ClaimsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Civil, environmental and regulatory claims</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LaborLitigationMember" xlink:label="UGP_LaborLitigationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LaborLitigationMember" xlink:to="UGP_LaborLitigationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LaborLitigationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Labor litigation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherProvisionMember" xlink:label="UGP_OtherProvisionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherProvisionMember" xlink:to="UGP_OtherProvisionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherProvisionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EscrowDepositsAxis" xlink:label="UGP_EscrowDepositsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EscrowDepositsAxis" xlink:to="UGP_EscrowDepositsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EscrowDepositsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Escrow Deposits [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TaxMattersMember" xlink:label="UGP_TaxMattersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxMattersMember" xlink:to="UGP_TaxMattersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxMattersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax matters</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CivilAndOtherMember" xlink:label="UGP_CivilAndOtherMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CivilAndOtherMember" xlink:to="UGP_CivilAndOtherMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CivilAndOtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Civil and other</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentMember" xlink:label="ifrs-full_CurrentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentMember" xlink:to="ifrs-full_CurrentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LessThan30DaysMember" xlink:label="UGP_LessThan30DaysMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LessThan30DaysMember" xlink:to="UGP_LessThan30DaysMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LessThan30DaysMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Less than 30 days</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From31To60DaysMember" xlink:label="UGP_From31To60DaysMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From31To60DaysMember" xlink:to="UGP_From31To60DaysMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From31To60DaysMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">31 - 60 days</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From61To90DaysMember" xlink:label="UGP_From61To90DaysMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From61To90DaysMember" xlink:to="UGP_From61To90DaysMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From61To90DaysMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">61 - 90 days</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From91To180DaysMember" xlink:label="UGP_From91To180DaysMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From91To180DaysMember" xlink:to="UGP_From91To180DaysMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From91To180DaysMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">91 - 180 days</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MoreThan180DaysMember" xlink:label="UGP_MoreThan180DaysMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MoreThan180DaysMember" xlink:to="UGP_MoreThan180DaysMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MoreThan180DaysMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">More than 180 days</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UniaoTerminaisMember" xlink:label="UGP_UniaoTerminaisMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UniaoTerminaisMember" xlink:to="UGP_UniaoTerminaisMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UniaoTerminaisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UniaoTerminais</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TexacoMember" xlink:label="UGP_TexacoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TexacoMember" xlink:to="UGP_TexacoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TexacoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Texaco</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TemmarMember" xlink:label="UGP_TemmarMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TemmarMember" xlink:to="UGP_TemmarMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TemmarMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temmar</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DNPMember" xlink:label="UGP_DNPMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DNPMember" xlink:to="UGP_DNPMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DNPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DNP</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RepsolMember" xlink:label="UGP_RepsolMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RepsolMember" xlink:to="UGP_RepsolMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RepsolMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repsol</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:label="UGP_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ConectCarSolucoesDeMobilidadeEletronicaMember" xlink:to="UGP_ConectCarSolucoesDeMobilidadeEletronicaMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ConectCarSolucoesDeMobilidadeEletronicaMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ConectCar Solucoes de Mobilidade Eletronica</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RefinariaDePetroleoRigrandenseMember" xlink:label="UGP_RefinariaDePetroleoRigrandenseMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RefinariaDePetroleoRigrandenseMember" xlink:to="UGP_RefinariaDePetroleoRigrandenseMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RefinariaDePetroleoRigrandenseMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinaria de Petroleo Riograndense</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatiedPartiesOtherMember" xlink:label="UGP_RelatiedPartiesOtherMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatiedPartiesOtherMember" xlink:to="UGP_RelatiedPartiesOtherMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatiedPartiesOtherMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExecutiveCompensationAxis" xlink:label="UGP_ExecutiveCompensationAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExecutiveCompensationAxis" xlink:to="UGP_ExecutiveCompensationAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExecutiveCompensationAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive Compensation [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShortTermCompensationMember" xlink:label="UGP_ShortTermCompensationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShortTermCompensationMember" xlink:to="UGP_ShortTermCompensationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShortTermCompensationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short Term Compensation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_StockCompensationMember" xlink:label="UGP_StockCompensationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_StockCompensationMember" xlink:to="UGP_StockCompensationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_StockCompensationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Compensation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PostEmploymentBenefitsMember" xlink:label="UGP_PostEmploymentBenefitsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PostEmploymentBenefitsMember" xlink:to="UGP_PostEmploymentBenefitsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PostEmploymentBenefitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post Employment Benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LongTermCompensationMember" xlink:label="UGP_LongTermCompensationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LongTermCompensationMember" xlink:to="UGP_LongTermCompensationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LongTermCompensationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Term Compensation</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements1Member" xlink:label="UGP_SharebasedPaymentArrangements1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements1Member" xlink:to="UGP_SharebasedPaymentArrangements1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements2Member" xlink:label="UGP_SharebasedPaymentArrangements2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements2Member" xlink:to="UGP_SharebasedPaymentArrangements2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements3Member" xlink:label="UGP_SharebasedPaymentArrangements3Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements3Member" xlink:to="UGP_SharebasedPaymentArrangements3Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements4Member" xlink:label="UGP_SharebasedPaymentArrangements4Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements4Member" xlink:to="UGP_SharebasedPaymentArrangements4Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 4</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements5Member" xlink:label="UGP_SharebasedPaymentArrangements5Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements5Member" xlink:to="UGP_SharebasedPaymentArrangements5Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 5</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements6Member" xlink:label="UGP_SharebasedPaymentArrangements6Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements6Member" xlink:to="UGP_SharebasedPaymentArrangements6Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements6Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 6</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentArrangements7Member" xlink:label="UGP_SharebasedPaymentArrangements7Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentArrangements7Member" xlink:to="UGP_SharebasedPaymentArrangements7Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentArrangements7Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharebased Payment Arrangements 7</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_UpTo1YearMember" xlink:label="UGP_UpTo1YearMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_UpTo1YearMember" xlink:to="UGP_UpTo1YearMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_UpTo1YearMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Up to 1 Year</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From3To5YearsMember" xlink:label="UGP_From3To5YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From3To5YearsMember" xlink:to="UGP_From3To5YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From3To5YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 3 to 5 Years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From5To7YearsMember" xlink:label="UGP_From5To7YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From5To7YearsMember" xlink:to="UGP_From5To7YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From5To7YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 5 to 7 Years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_From7To10YearsMember" xlink:label="UGP_From7To10YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_From7To10YearsMember" xlink:to="UGP_From7To10YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_From7To10YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">From 7 to 10 Years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary38Member" xlink:label="UGP_Subsidiary38Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary38Member" xlink:to="UGP_Subsidiary38Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary38Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary39Member" xlink:label="UGP_Subsidiary39Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary39Member" xlink:to="UGP_Subsidiary39Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary39Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary40Member" xlink:label="UGP_Subsidiary40Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary40Member" xlink:to="UGP_Subsidiary40Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary40Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary41Member" xlink:label="UGP_Subsidiary41Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary41Member" xlink:to="UGP_Subsidiary41Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary41Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary42Member" xlink:label="UGP_Subsidiary42Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary42Member" xlink:to="UGP_Subsidiary42Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary42Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary43Member" xlink:label="UGP_Subsidiary43Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary43Member" xlink:to="UGP_Subsidiary43Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary43Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary44Member" xlink:label="UGP_Subsidiary44Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary44Member" xlink:to="UGP_Subsidiary44Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary44Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary45Member" xlink:label="UGP_Subsidiary45Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary45Member" xlink:to="UGP_Subsidiary45Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary45Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary46Member" xlink:label="UGP_Subsidiary46Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary46Member" xlink:to="UGP_Subsidiary46Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary46Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FairValueCashFlowHedgingInstrumentsMember" xlink:label="UGP_FairValueCashFlowHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FairValueCashFlowHedgingInstrumentsMember" xlink:to="UGP_FairValueCashFlowHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FairValueCashFlowHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of cash flow hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FairValueFinancialInstrumentsAvailableForSaleMember" xlink:label="UGP_FairValueFinancialInstrumentsAvailableForSaleMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FairValueFinancialInstrumentsAvailableForSaleMember" xlink:to="UGP_FairValueFinancialInstrumentsAvailableForSaleMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FairValueFinancialInstrumentsAvailableForSaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of financial instruments classified as available for sale</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialGainsOfPostemploymentBenefitsMember" xlink:label="UGP_ActuarialGainsOfPostemploymentBenefitsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialGainsOfPostemploymentBenefitsMember" xlink:to="UGP_ActuarialGainsOfPostemploymentBenefitsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialGainsOfPostemploymentBenefitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial gains (losses) of post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TotalValuationAdjustmentsMember" xlink:label="UGP_TotalValuationAdjustmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalValuationAdjustmentsMember" xlink:to="UGP_TotalValuationAdjustmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalValuationAdjustmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CumulativeTranslationAdjustmentMember" xlink:label="UGP_CumulativeTranslationAdjustmentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CumulativeTranslationAdjustmentMember" xlink:to="UGP_CumulativeTranslationAdjustmentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CumulativeTranslationAdjustmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative translation adjustment</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CapitalReserveMember" xlink:label="ifrs-full_CapitalReserveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalReserveMember" xlink:to="ifrs-full_CapitalReserveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CapitalReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RevaluationReserveMember" xlink:label="UGP_RevaluationReserveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RevaluationReserveMember" xlink:to="UGP_RevaluationReserveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RevaluationReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revaluation reserve on subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LegalReservesMember" xlink:label="UGP_LegalReservesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LegalReservesMember" xlink:to="UGP_LegalReservesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LegalReservesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InstrumentsStatutoryReserveMember" xlink:label="UGP_InstrumentsStatutoryReserveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InstrumentsStatutoryReserveMember" xlink:to="UGP_InstrumentsStatutoryReserveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InstrumentsStatutoryReserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments statutory reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ValuationAdjustmentsMember" xlink:label="UGP_ValuationAdjustmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ValuationAdjustmentsMember" xlink:to="UGP_ValuationAdjustmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ValuationAdjustmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation adjustments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CumulativeTranslationAdjustmentsMember" xlink:label="UGP_CumulativeTranslationAdjustmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CumulativeTranslationAdjustmentsMember" xlink:to="UGP_CumulativeTranslationAdjustmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CumulativeTranslationAdjustmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative translation adjustments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RetainedEarningsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TreasurySharesMember" xlink:label="ifrs-full_TreasurySharesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TreasurySharesMember" xlink:to="ifrs-full_TreasurySharesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TreasurySharesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionalDividendsMember" xlink:label="UGP_AdditionalDividendsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsMember" xlink:to="UGP_AdditionalDividendsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionalDividendsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional dividends to the minimum mandatory dividends</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityAttributableToShareholdersMember" xlink:label="UGP_EquityAttributableToShareholdersMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityAttributableToShareholdersMember" xlink:to="UGP_EquityAttributableToShareholdersMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityAttributableToShareholdersMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders of the Company</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityAttributableToNoncontrollingInterestsMember" xlink:label="UGP_EquityAttributableToNoncontrollingInterestsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityAttributableToNoncontrollingInterestsMember" xlink:to="UGP_EquityAttributableToNoncontrollingInterestsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityAttributableToNoncontrollingInterestsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests in subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LessThanOneYearMember" xlink:label="UGP_LessThanOneYearMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LessThanOneYearMember" xlink:to="UGP_LessThanOneYearMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LessThanOneYearMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Less than 1 year</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Between1And3YearsMember" xlink:label="UGP_Between1And3YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Between1And3YearsMember" xlink:to="UGP_Between1And3YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Between1And3YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Between 1 and 3 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Between3And5YearsMember" xlink:label="UGP_Between3And5YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Between3And5YearsMember" xlink:to="UGP_Between3And5YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Between3And5YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Between 3 and 5 years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TotalMember" xlink:label="UGP_TotalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalMember" xlink:to="UGP_TotalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Between1And5YearsMember" xlink:label="UGP_Between1And5YearsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Between1And5YearsMember" xlink:to="UGP_Between1And5YearsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Between1And5YearsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Between 1 and 5 years</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PropertyPlantAndEquipmentCostMember" xlink:label="UGP_PropertyPlantAndEquipmentCostMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PropertyPlantAndEquipmentCostMember" xlink:to="UGP_PropertyPlantAndEquipmentCostMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PropertyPlantAndEquipmentCostMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_LandMember" xlink:label="ifrs-full_LandMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LandMember" xlink:to="ifrs-full_LandMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LandMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_BuildingsMember" xlink:label="ifrs-full_BuildingsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BuildingsMember" xlink:to="ifrs-full_BuildingsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BuildingsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_LeaseholdImprovementsMember" xlink:label="ifrs-full_LeaseholdImprovementsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseholdImprovementsMember" xlink:to="ifrs-full_LeaseholdImprovementsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LeaseholdImprovementsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leasehold Improvements</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_MachineryMember" xlink:label="ifrs-full_MachineryMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MachineryMember" xlink:to="ifrs-full_MachineryMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_MachineryMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Machinery and Equipment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AutomotiveMember" xlink:label="UGP_AutomotiveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AutomotiveMember" xlink:to="UGP_AutomotiveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AutomotiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Automotive fuel/lubricant distribution equipment and facilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LPGTanksMember" xlink:label="UGP_LPGTanksMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LPGTanksMember" xlink:to="UGP_LPGTanksMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LPGTanksMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LPG tanks and bottles</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_VehiclesMember" xlink:label="ifrs-full_VehiclesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_VehiclesMember" xlink:to="ifrs-full_VehiclesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_VehiclesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FurnitureMember" xlink:label="UGP_FurnitureMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FurnitureMember" xlink:to="UGP_FurnitureMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FurnitureMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Furniture</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in Progress</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvancesToSuppliersMember" xlink:to="UGP_AdvancesToSuppliersMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvancesToSuppliersMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Advances to Suppliers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ImportsInProgressMember" xlink:label="UGP_ImportsInProgressMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ImportsInProgressMember" xlink:to="UGP_ImportsInProgressMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ImportsInProgressMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Imports in progress</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ITEquipmentMember" xlink:label="UGP_ITEquipmentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ITEquipmentMember" xlink:to="UGP_ITEquipmentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ITEquipmentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IT Equipment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AccumulatedDepreciationMember" xlink:label="UGP_AccumulatedDepreciationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedDepreciationMember" xlink:to="UGP_AccumulatedDepreciationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedDepreciationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForLossesMember" xlink:label="UGP_ProvisionForLossesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForLossesMember" xlink:to="UGP_ProvisionForLossesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForLossesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for losses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsCostMember" xlink:label="UGP_IntangibleAssetsCostMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsCostMember" xlink:to="UGP_IntangibleAssetsCostMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsCostMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cost</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsAccumulatedAmortizationMember" xlink:label="UGP_IntangibleAssetsAccumulatedAmortizationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsAccumulatedAmortizationMember" xlink:to="UGP_IntangibleAssetsAccumulatedAmortizationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsAccumulatedAmortizationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GoodwillMember" xlink:label="ifrs-full_GoodwillMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillMember" xlink:to="ifrs-full_GoodwillMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GoodwillMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SoftwareMember" xlink:label="UGP_SoftwareMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SoftwareMember" xlink:to="UGP_SoftwareMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SoftwareMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Software</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TechnologyMember" xlink:label="UGP_TechnologyMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TechnologyMember" xlink:to="UGP_TechnologyMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TechnologyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Technology</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialPropertyRightsMember" xlink:label="UGP_CommercialPropertyRightsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialPropertyRightsMember" xlink:to="UGP_CommercialPropertyRightsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialPropertyRightsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial property rights</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DistributionRightsAssetMember" xlink:label="UGP_DistributionRightsAssetMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DistributionRightsAssetMember" xlink:to="UGP_DistributionRightsAssetMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DistributionRightsAssetMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distribution rights</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BrandsMember" xlink:label="UGP_BrandsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BrandsMember" xlink:to="UGP_BrandsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BrandsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brands</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="ifrs-full_OtherIntangibleAssetsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssetsMember" xlink:to="ifrs-full_OtherIntangibleAssetsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanAxis" xlink:label="UGP_ForeignLoanAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanAxis" xlink:to="UGP_ForeignLoanAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Loan [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanOneMember" xlink:label="UGP_ForeignLoanOneMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanOneMember" xlink:to="UGP_ForeignLoanOneMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanTwoMember" xlink:label="UGP_ForeignLoanTwoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanTwoMember" xlink:to="UGP_ForeignLoanTwoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanThreeMember" xlink:label="UGP_ForeignLoanThreeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanThreeMember" xlink:to="UGP_ForeignLoanThreeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanFourMember" xlink:label="UGP_ForeignLoanFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanFourMember" xlink:to="UGP_ForeignLoanFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_MaturityAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityThreeMember" xlink:label="UGP_MaturityThreeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityThreeMember" xlink:to="UGP_MaturityThreeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">January 2018</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityFourMember" xlink:label="UGP_MaturityFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityFourMember" xlink:to="UGP_MaturityFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">April 2018</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityFiveMember" xlink:label="UGP_MaturityFiveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityFiveMember" xlink:to="UGP_MaturityFiveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">February 2019</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturitySixMember" xlink:label="UGP_MaturitySixMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturitySixMember" xlink:to="UGP_MaturitySixMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturitySixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May 2019</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturitySevenMember" xlink:label="UGP_MaturitySevenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturitySevenMember" xlink:to="UGP_MaturitySevenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturitySevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May 2020</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityEightMember" xlink:label="UGP_MaturityEightMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityEightMember" xlink:to="UGP_MaturityEightMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityEightMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May 2021</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityNineMember" xlink:label="UGP_MaturityNineMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityNineMember" xlink:to="UGP_MaturityNineMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityNineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May 2022</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ifrs-full_ActuarialAssumptionsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsAxis" xlink:to="ifrs-full_ActuarialAssumptionsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ActuarialAssumptionsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial assumptions [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DiscountRateMember" xlink:label="UGP_DiscountRateMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DiscountRateMember" xlink:to="UGP_DiscountRateMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DiscountRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WageGrowthRateMember" xlink:label="UGP_WageGrowthRateMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WageGrowthRateMember" xlink:to="UGP_WageGrowthRateMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WageGrowthRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wage growth rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MedicalServicesGrowthRateMember" xlink:label="UGP_MedicalServicesGrowthRateMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MedicalServicesGrowthRateMember" xlink:to="UGP_MedicalServicesGrowthRateMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MedicalServicesGrowthRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Medical services wage growth rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ScenarioAxis" xlink:label="UGP_ScenarioAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ScenarioAxis" xlink:to="UGP_ScenarioAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ScenarioAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Scenario1Member" xlink:label="UGP_Scenario1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Scenario1Member" xlink:to="UGP_Scenario1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Scenario1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario I</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Scenario2Member" xlink:label="UGP_Scenario2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Scenario2Member" xlink:to="UGP_Scenario2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Scenario2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario II</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Scenario3Member" xlink:label="UGP_Scenario3Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Scenario3Member" xlink:to="UGP_Scenario3Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Scenario3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario III</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="ifrs-full_HedgingInstrumentsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsAxis" xlink:to="ifrs-full_HedgingInstrumentsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instruments [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProfitOrLossMember" xlink:label="UGP_ProfitOrLossMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProfitOrLossMember" xlink:to="UGP_ProfitOrLossMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProfitOrLossMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentEquityMember" xlink:label="UGP_HedgingInstrumentEquityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentEquityMember" xlink:to="UGP_HedgingInstrumentEquityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentEquityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentRatesAxis" xlink:label="UGP_HedgingInstrumentRatesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentRatesAxis" xlink:to="UGP_HedgingInstrumentRatesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentRatesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging instrument rates [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NonderivativeFinancialInstrumentsMember" xlink:label="UGP_NonderivativeFinancialInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NonderivativeFinancialInstrumentsMember" xlink:to="UGP_NonderivativeFinancialInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NonderivativeFinancialInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-derivative financial instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndBankDepositsMember" xlink:label="UGP_CashAndBankDepositsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndBankDepositsMember" xlink:to="UGP_CashAndBankDepositsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndBankDepositsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and bank deposits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsLocalCurrencyMember" xlink:label="UGP_FinancialInvestmentsLocalCurrencyMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsLocalCurrencyMember" xlink:to="UGP_FinancialInvestmentsLocalCurrencyMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsLocalCurrencyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments in local currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsForeignCurrencyMember" xlink:label="UGP_FinancialInvestmentsForeignCurrencyMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsForeignCurrencyMember" xlink:to="UGP_FinancialInvestmentsForeignCurrencyMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsForeignCurrencyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedIncomeSecuritiesLocalCurrency1Member" xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesLocalCurrency1Member" xlink:to="UGP_FixedIncomeSecuritiesLocalCurrency1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed-income securities and funds in local currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedIncomeSecuritiesLocalCurrency2Member" xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="UGP_FixedIncomeSecuritiesLocalCurrency2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fixed-income securities and funds in local currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedIncomeSecuritiesLocalCurrency3Member" xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency3Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="UGP_FixedIncomeSecuritiesLocalCurrency3Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fixed-income securities and funds in local currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedIncomeSecuritiesForeignCurrencyMember" xlink:label="UGP_FixedIncomeSecuritiesForeignCurrencyMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesForeignCurrencyMember" xlink:to="UGP_FixedIncomeSecuritiesForeignCurrencyMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesForeignCurrencyMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed-income securities and funds in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencyInterestRateHedgingInstrumentsMember" xlink:label="UGP_CurrencyInterestRateHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyInterestRateHedgingInstrumentsMember" xlink:to="UGP_CurrencyInterestRateHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyInterestRateHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Financing1Member" xlink:label="UGP_Financing1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Financing1Member" xlink:to="UGP_Financing1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Financing1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Financing2Member" xlink:label="UGP_Financing2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Financing2Member" xlink:to="UGP_Financing2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Financing2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financing</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebenturesMember" xlink:label="UGP_DebenturesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturesMember" xlink:to="UGP_DebenturesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinanceLeasesMember" xlink:label="UGP_FinanceLeasesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinanceLeasesMember" xlink:to="UGP_FinanceLeasesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinanceLeasesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Leases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscriptionWarrantsIndemnificationMember" xlink:label="UGP_SubscriptionWarrantsIndemnificationMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsIndemnificationMember" xlink:to="UGP_SubscriptionWarrantsIndemnificationMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsIndemnificationMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subscription warrants - indemnification</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CDIMember" xlink:label="UGP_CDIMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CDIMember" xlink:to="UGP_CDIMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CDIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiabilityPositionAxis" xlink:label="UGP_LiabilityPositionAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilityPositionAxis" xlink:to="UGP_LiabilityPositionAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilityPositionAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability position [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashEquivalentMember" xlink:label="UGP_CashEquivalentMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashEquivalentMember" xlink:to="UGP_CashEquivalentMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashEquivalentMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash equivalents</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsMember" xlink:label="UGP_FinancialInvestmentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsMember" xlink:to="UGP_FinancialInvestmentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AssetPositionForeignExchangeHedgingMember" xlink:label="UGP_AssetPositionForeignExchangeHedgingMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AssetPositionForeignExchangeHedgingMember" xlink:to="UGP_AssetPositionForeignExchangeHedgingMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AssetPositionForeignExchangeHedgingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset position of foreign exchange hedging instruments&#x97;CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansAndDebenturesMember" xlink:label="UGP_LoansAndDebenturesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesMember" xlink:to="UGP_LoansAndDebenturesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember" xlink:label="UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember" xlink:to="UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability position of foreign exchange hedging instruments&#x97;CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiabilityPositionHedgingInstrumentsPreFixedMember" xlink:label="UGP_LiabilityPositionHedgingInstrumentsPreFixedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilityPositionHedgingInstrumentsPreFixedMember" xlink:to="UGP_LiabilityPositionHedgingInstrumentsPreFixedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilityPositionHedgingInstrumentsPreFixedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability position of hedging instruments from pre-fixed interest to CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TJLPMember" xlink:label="UGP_TJLPMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TJLPMember" xlink:to="UGP_TJLPMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TJLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TJLP</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansTJLPMember" xlink:label="UGP_LoansTJLPMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansTJLPMember" xlink:to="UGP_LoansTJLPMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansTJLPMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans - TJLP</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LIBORMember" xlink:label="UGP_LIBORMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LIBORMember" xlink:to="UGP_LIBORMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LIBORMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LIBOR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AssetPositionForeignExchangeHedgingInstrumentsMember" xlink:label="UGP_AssetPositionForeignExchangeHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AssetPositionForeignExchangeHedgingInstrumentsMember" xlink:to="UGP_AssetPositionForeignExchangeHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AssetPositionForeignExchangeHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset position of foreign exchange hedging instruments&#x97;LIBOR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansLIBORMember" xlink:label="UGP_LoansLIBORMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansLIBORMember" xlink:to="UGP_LoansLIBORMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansLIBORMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans - LIBOR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TIIEMember" xlink:label="UGP_TIIEMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TIIEMember" xlink:to="UGP_TIIEMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TIIEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TIIE</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansTIIEMember" xlink:label="UGP_LoansTIIEMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansTIIEMember" xlink:to="UGP_LoansTIIEMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansTIIEMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans - TIIE</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SELICMember" xlink:label="UGP_SELICMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SELICMember" xlink:to="UGP_SELICMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SELICMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SELIC</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansSELICMember" xlink:label="UGP_LoansSELICMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansSELICMember" xlink:to="UGP_LoansSELICMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansSELICMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans - SELIC</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsGrossResultMember" xlink:label="UGP_HedgingInstrumentsGrossResultMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsGrossResultMember" xlink:to="UGP_HedgingInstrumentsGrossResultMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsGrossResultMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross result</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsIncomeTaxMember" xlink:label="UGP_HedgingInstrumentsIncomeTaxMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsIncomeTaxMember" xlink:to="UGP_HedgingInstrumentsIncomeTaxMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsIncomeTaxMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsPositiveResultMember" xlink:label="UGP_HedgingInstrumentsPositiveResultMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsPositiveResultMember" xlink:to="UGP_HedgingInstrumentsPositiveResultMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsPositiveResultMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Positive result</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsNegativeResultMember" xlink:label="UGP_HedgingInstrumentsNegativeResultMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsNegativeResultMember" xlink:to="UGP_HedgingInstrumentsNegativeResultMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsNegativeResultMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Negative result</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialAssetTotalMember" xlink:label="UGP_FinancialAssetTotalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetTotalMember" xlink:to="UGP_FinancialAssetTotalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetTotalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialLiabilitiesTotalMember" xlink:label="UGP_FinancialLiabilitiesTotalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesTotalMember" xlink:to="UGP_FinancialLiabilitiesTotalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesTotalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencyInterestRateHedgingMember" xlink:label="UGP_CurrencyInterestRateHedgingMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyInterestRateHedgingMember" xlink:to="UGP_CurrencyInterestRateHedgingMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyInterestRateHedgingMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging&#xA0;instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureAxis" xlink:label="UGP_DebentureAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureAxis" xlink:to="UGP_DebentureAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debentures [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureOneMember" xlink:label="UGP_DebentureOneMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureOneMember" xlink:to="UGP_DebentureOneMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureOneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureTwoMember" xlink:label="UGP_DebentureTwoMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureTwoMember" xlink:to="UGP_DebentureTwoMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureTwoMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureThreeMember" xlink:label="UGP_DebentureThreeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureThreeMember" xlink:to="UGP_DebentureThreeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureThreeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureFourMember" xlink:label="UGP_DebentureFourMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFourMember" xlink:to="UGP_DebentureFourMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFourMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 4</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinanceLeaseLiabilitiesAxis" xlink:label="UGP_FinanceLeaseLiabilitiesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinanceLeaseLiabilitiesAxis" xlink:to="UGP_FinanceLeaseLiabilitiesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinanceLeaseLiabilitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease Liabilities [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LPGBottlingFacilitiesMember" xlink:label="UGP_LPGBottlingFacilitiesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LPGBottlingFacilitiesMember" xlink:to="UGP_LPGBottlingFacilitiesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LPGBottlingFacilitiesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LPG bottling facilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoansMember" xlink:label="UGP_ForeignLoansMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoansMember" xlink:to="UGP_ForeignLoansMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoansMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Loans</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NotesInForeignMarketMember" xlink:label="UGP_NotesInForeignMarketMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NotesInForeignMarketMember" xlink:to="UGP_NotesInForeignMarketMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NotesInForeignMarketMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes in the foreign market</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherTransactionCostsMember" xlink:label="UGP_OtherTransactionCostsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherTransactionCostsMember" xlink:to="UGP_OtherTransactionCostsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherTransactionCostsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BancoDeBrasilMember" xlink:label="UGP_BancoDeBrasilMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BancoDeBrasilMember" xlink:to="UGP_BancoDeBrasilMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BancoDeBrasilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Banco de Brasil</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfLiabilitiesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfLiabilitiesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of liabilities [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan1Member" xlink:label="UGP_Loan1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan1Member" xlink:to="UGP_Loan1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan2Member" xlink:label="UGP_Loan2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan2Member" xlink:to="UGP_Loan2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan3Member" xlink:label="UGP_Loan3Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan3Member" xlink:to="UGP_Loan3Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan3Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan4Member" xlink:label="UGP_Loan4Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan4Member" xlink:to="UGP_Loan4Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan4Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan5Member" xlink:label="UGP_Loan5Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan5Member" xlink:to="UGP_Loan5Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan5Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan6Member" xlink:label="UGP_Loan6Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan6Member" xlink:to="UGP_Loan6Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan6Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan7Member" xlink:label="UGP_Loan7Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan7Member" xlink:to="UGP_Loan7Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan7Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan8Member" xlink:label="UGP_Loan8Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan8Member" xlink:to="UGP_Loan8Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan8Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan9Member" xlink:label="UGP_Loan9Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan9Member" xlink:to="UGP_Loan9Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan9Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan10Member" xlink:label="UGP_Loan10Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan10Member" xlink:to="UGP_Loan10Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan10Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan11Member" xlink:label="UGP_Loan11Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan11Member" xlink:to="UGP_Loan11Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan11Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan12Member" xlink:label="UGP_Loan12Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan12Member" xlink:to="UGP_Loan12Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan12Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan13Member" xlink:label="UGP_Loan13Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan13Member" xlink:to="UGP_Loan13Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan13Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan14Member" xlink:label="UGP_Loan14Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan14Member" xlink:to="UGP_Loan14Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan14Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan15Member" xlink:label="UGP_Loan15Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan15Member" xlink:to="UGP_Loan15Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan15Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan16Member" xlink:label="UGP_Loan16Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan16Member" xlink:to="UGP_Loan16Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan16Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan17Member" xlink:label="UGP_Loan17Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan17Member" xlink:to="UGP_Loan17Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan17Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan18Member" xlink:label="UGP_Loan18Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan18Member" xlink:to="UGP_Loan18Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan18Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan19Member" xlink:label="UGP_Loan19Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan19Member" xlink:to="UGP_Loan19Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan19Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan20Member" xlink:label="UGP_Loan20Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan20Member" xlink:to="UGP_Loan20Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan20Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan21Member" xlink:label="UGP_Loan21Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan21Member" xlink:to="UGP_Loan21Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan21Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan22Member" xlink:label="UGP_Loan22Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan22Member" xlink:to="UGP_Loan22Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan22Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan23Member" xlink:label="UGP_Loan23Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan23Member" xlink:to="UGP_Loan23Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan23Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan24Member" xlink:label="UGP_Loan24Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan24Member" xlink:to="UGP_Loan24Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan24Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan25Member" xlink:label="UGP_Loan25Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan25Member" xlink:to="UGP_Loan25Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan25Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan26Member" xlink:label="UGP_Loan26Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan26Member" xlink:to="UGP_Loan26Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan26Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan27Member" xlink:label="UGP_Loan27Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan27Member" xlink:to="UGP_Loan27Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan27Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan28Member" xlink:label="UGP_Loan28Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan28Member" xlink:to="UGP_Loan28Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan28Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan29Member" xlink:label="UGP_Loan29Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan29Member" xlink:to="UGP_Loan29Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan29Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Loan30Member" xlink:label="UGP_Loan30Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan30Member" xlink:to="UGP_Loan30Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan30Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IFRSNineAdoptionMember" xlink:label="UGP_IFRSNineAdoptionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IFRSNineAdoptionMember" xlink:to="UGP_IFRSNineAdoptionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IFRSNineAdoptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 9 (1) adoption</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IFRSFifteenAdoptionMember" xlink:label="UGP_IFRSFifteenAdoptionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IFRSFifteenAdoptionMember" xlink:to="UGP_IFRSFifteenAdoptionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IFRSFifteenAdoptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 15 (2) adoption</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AfterAdoptionMember" xlink:label="UGP_AfterAdoptionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AfterAdoptionMember" xlink:to="UGP_AfterAdoptionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AfterAdoptionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">After adoption IFRS 9 and 15</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TerminationBenefitMember" xlink:label="UGP_TerminationBenefitMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TerminationBenefitMember" xlink:to="UGP_TerminationBenefitMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TerminationBenefitMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Termination Benefit</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PERTMember" xlink:label="UGP_PERTMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PERTMember" xlink:to="UGP_PERTMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PERTMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PERT</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CBLSAMember" xlink:label="UGP_CBLSAMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CBLSAMember" xlink:to="UGP_CBLSAMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CBLSAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CBLSA</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureFiveMember" xlink:label="UGP_DebentureFiveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFiveMember" xlink:to="UGP_DebentureFiveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFiveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 5</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureSixMember" xlink:label="UGP_DebentureSixMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureSixMember" xlink:to="UGP_DebentureSixMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureSixMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 6</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureSevenMember" xlink:label="UGP_DebentureSevenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureSevenMember" xlink:to="UGP_DebentureSevenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureSevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 7</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureEightMember" xlink:label="UGP_DebentureEightMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureEightMember" xlink:to="UGP_DebentureEightMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureEightMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 8</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureNineMember" xlink:label="UGP_DebentureNineMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureNineMember" xlink:to="UGP_DebentureNineMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureNineMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debenture 9</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Debentures1Member" xlink:label="UGP_Debentures1Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Debentures1Member" xlink:to="UGP_Debentures1Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Debentures1Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RestrictedProgramMember" xlink:label="UGP_RestrictedProgramMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RestrictedProgramMember" xlink:to="UGP_RestrictedProgramMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RestrictedProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RestrictedAndPerformanceProgramMember" xlink:label="UGP_RestrictedAndPerformanceProgramMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RestrictedAndPerformanceProgramMember" xlink:to="UGP_RestrictedAndPerformanceProgramMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RestrictedAndPerformanceProgramMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted and Performance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary47Member" xlink:label="UGP_Subsidiary47Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary47Member" xlink:to="UGP_Subsidiary47Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary47Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncontrollingShareholdersInterestChangeMember" xlink:label="UGP_NoncontrollingShareholdersInterestChangeMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncontrollingShareholdersInterestChangeMember" xlink:to="UGP_NoncontrollingShareholdersInterestChangeMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncontrollingShareholdersInterestChangeMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling shareholders interest change</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReversalOfProvisionMember" xlink:label="UGP_ReversalOfProvisionMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReversalOfProvisionMember" xlink:to="UGP_ReversalOfProvisionMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReversalOfProvisionMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reversal of provision &#x96; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TCCMember" xlink:label="UGP_TCCMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TCCMember" xlink:to="UGP_TCCMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TCCMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TCC</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityTenMember" xlink:label="UGP_MaturityTenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityTenMember" xlink:to="UGP_MaturityTenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityTenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">March 2018</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityElevenMember" xlink:label="UGP_MaturityElevenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityElevenMember" xlink:to="UGP_MaturityElevenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityElevenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">December 2018</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityTwelveMember" xlink:label="UGP_MaturityTwelveMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityTwelveMember" xlink:to="UGP_MaturityTwelveMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityTwelveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">May 2021</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityThirteenMember" xlink:label="UGP_MaturityThirteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityThirteenMember" xlink:to="UGP_MaturityThirteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityThirteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">April 2022</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityFourteenMember" xlink:label="UGP_MaturityFourteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityFourteenMember" xlink:to="UGP_MaturityFourteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityFourteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">July 2022</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturityFifteenMember" xlink:label="UGP_MaturityFifteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturityFifteenMember" xlink:to="UGP_MaturityFifteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturityFifteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">October 2022</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturitySixteenMember" xlink:label="UGP_MaturitySixteenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturitySixteenMember" xlink:to="UGP_MaturitySixteenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturitySixteenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">April 2024</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaturitySeventeenMember" xlink:label="UGP_MaturitySeventeenMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaturitySeventeenMember" xlink:to="UGP_MaturitySeventeenMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaturitySeventeenMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">October 2024</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityInstrumentGrantedMember" xlink:label="UGP_EquityInstrumentGrantedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstrumentGrantedMember" xlink:to="UGP_EquityInstrumentGrantedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstrumentGrantedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity instrument granted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RetentionOfProfitsMember" xlink:label="UGP_RetentionOfProfitsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RetentionOfProfitsMember" xlink:to="UGP_RetentionOfProfitsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RetentionOfProfitsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retention of profits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ConsolidatedShareholdersEquityMember" xlink:label="UGP_ConsolidatedShareholdersEquityMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ConsolidatedShareholdersEquityMember" xlink:to="UGP_ConsolidatedShareholdersEquityMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ConsolidatedShareholdersEquityMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated shareholders' equity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubtotalMember" xlink:label="UGP_SubtotalMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubtotalMember" xlink:to="UGP_SubtotalMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubtotalMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subtotal</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BancoDoBrasilMember" xlink:label="UGP_BancoDoBrasilMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BancoDoBrasilMember" xlink:to="UGP_BancoDoBrasilMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BancoDoBrasilMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Banco do Brasil</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IPIMember" xlink:label="UGP_IPIMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IPIMember" xlink:to="UGP_IPIMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IPIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IPI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Debentures2Member" xlink:label="UGP_Debentures2Member" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Debentures2Member" xlink:to="UGP_Debentures2Member_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Debentures2Member_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExchangeRateSwapReceivableInUSDollarsMember" xlink:label="UGP_ExchangeRateSwapReceivableInUSDollarsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExchangeRateSwapReceivableInUSDollarsMember" xlink:to="UGP_ExchangeRateSwapReceivableInUSDollarsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExchangeRateSwapReceivableInUSDollarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange rate swaps receivable in U.S. dollars</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExchangeRateSwapPayableInUSDollarsMember" xlink:label="UGP_ExchangeRateSwapPayableInUSDollarsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExchangeRateSwapPayableInUSDollarsMember" xlink:to="UGP_ExchangeRateSwapPayableInUSDollarsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExchangeRateSwapPayableInUSDollarsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange rate swaps payable in U.S. dollars</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestRateSwapsBRLMember" xlink:label="UGP_InterestRateSwapsBRLMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateSwapsBRLMember" xlink:to="UGP_InterestRateSwapsBRLMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateSwapsBRLMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate swaps in R$</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RateSwapsAxis" xlink:label="UGP_RateSwapsAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RateSwapsAxis" xlink:to="UGP_RateSwapsAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RateSwapsAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate swaps [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReceivablesInUSDollarsLIBORMember" xlink:label="UGP_ReceivablesInUSDollarsLIBORMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReceivablesInUSDollarsLIBORMember" xlink:to="UGP_ReceivablesInUSDollarsLIBORMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReceivablesInUSDollarsLIBORMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables in U.S. dollars (LIBOR)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReceivablesInUSDollarsFixedMember" xlink:label="UGP_ReceivablesInUSDollarsFixedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReceivablesInUSDollarsFixedMember" xlink:to="UGP_ReceivablesInUSDollarsFixedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReceivablesInUSDollarsFixedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables in U.S. dollars (Fixed)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PayablesInCDIInterestRateMember" xlink:label="UGP_PayablesInCDIInterestRateMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PayablesInCDIInterestRateMember" xlink:to="UGP_PayablesInCDIInterestRateMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PayablesInCDIInterestRateMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables in CDI interest rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember" xlink:label="UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember" xlink:to="UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange rate swaps payable in U.S. dollars + COUPON</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReceivablesInCDIInterestRatesMember" xlink:label="UGP_ReceivablesInCDIInterestRatesMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReceivablesInCDIInterestRatesMember" xlink:to="UGP_ReceivablesInCDIInterestRatesMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReceivablesInCDIInterestRatesMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables in CDI interest rates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PayablesInUSDollarsFixedMember" xlink:label="UGP_PayablesInUSDollarsFixedMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PayablesInUSDollarsFixedMember" xlink:to="UGP_PayablesInUSDollarsFixedMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PayablesInUSDollarsFixedMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables in U.S. dollars (Fixed)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestRateSwapsInBrazilianReaisMember" xlink:label="UGP_InterestRateSwapsInBrazilianReaisMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateSwapsInBrazilianReaisMember" xlink:to="UGP_InterestRateSwapsInBrazilianReaisMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateSwapsInBrazilianReaisMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate swaps in Brazilian Reais</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReceivablesInFixedInterestRatesIPCAMember" xlink:label="UGP_ReceivablesInFixedInterestRatesIPCAMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReceivablesInFixedInterestRatesIPCAMember" xlink:to="UGP_ReceivablesInFixedInterestRatesIPCAMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReceivablesInFixedInterestRatesIPCAMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables in fixed interest rates + IPCA</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PayablesCDIMember" xlink:label="UGP_PayablesCDIMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PayablesCDIMember" xlink:to="UGP_PayablesCDIMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PayablesCDIMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables in CDI</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of hedges [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignExchangeHedgingInstrumentsMember" xlink:label="UGP_ForeignExchangeHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignExchangeHedgingInstrumentsMember" xlink:to="UGP_ForeignExchangeHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignExchangeHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestRateHedgingInstrumentsMember" xlink:label="UGP_InterestRateHedgingInstrumentsMember" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateHedgingInstrumentsMember" xlink:to="UGP_InterestRateHedgingInstrumentsMember_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateHedgingInstrumentsMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DocumentAndEntityInformationAbstract" xlink:label="UGP_DocumentAndEntityInformationAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DocumentAndEntityInformationAbstract" xlink:to="UGP_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DocumentAndEntityInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document And Entity Information</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityRegistrantName_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityCentralIndexKey_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_DocumentType_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_AmendmentFlag_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Is Entity a Well-known Seasoned Issuer?</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityVoluntaryFilers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Is Entity a Voluntary Filer?</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Is Entity's Reporting Status Current?</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityFilerCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityPublicFloat_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="ifrs-full_CurrentAssetsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsAbstract" xlink:to="ifrs-full_CurrentAssetsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentInvestments" xlink:label="ifrs-full_CurrentInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentInvestments" xlink:to="ifrs-full_CurrentInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments and hedging instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="ifrs-full_CurrentTradeReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTradeReceivables" xlink:to="ifrs-full_CurrentTradeReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentTradeReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables and reseller financing, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_Inventories" xlink:label="ifrs-full_Inventories" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Inventories" xlink:to="ifrs-full_Inventories_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Inventories_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentTaxAssets" xlink:label="ifrs-full_CurrentTaxAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssets" xlink:to="ifrs-full_CurrentTaxAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoverable taxes, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DividendsReceivableCurrent" xlink:label="UGP_DividendsReceivableCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DividendsReceivableCurrent" xlink:to="UGP_DividendsReceivableCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DividendsReceivableCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends receivable</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="ifrs-full_OtherCurrentReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentReceivables" xlink:to="ifrs-full_OtherCurrentReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherCurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables &#x2013; insurer&#x2019;s indemnification</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentPrepaidExpenses" xlink:label="ifrs-full_CurrentPrepaidExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaidExpenses" xlink:to="ifrs-full_CurrentPrepaidExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentPrepaidExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="ifrs-full_NoncurrentAssetsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncurrentInvestments" xlink:label="UGP_NoncurrentInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentInvestments" xlink:to="UGP_NoncurrentInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial investments and hedging instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentTradeReceivables" xlink:label="ifrs-full_NoncurrentTradeReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentTradeReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables and reseller financing, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DeferredTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RecoverableTaxesNoncurrent" xlink:label="UGP_RecoverableTaxesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesNoncurrent" xlink:to="UGP_RecoverableTaxesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Recoverable taxes, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_LongtermDeposits" xlink:label="ifrs-full_LongtermDeposits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermDeposits" xlink:to="ifrs-full_LongtermDeposits_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LongtermDeposits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Escrow deposits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IndemnityAssetBusinessCombination" xlink:label="UGP_IndemnityAssetBusinessCombination" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IndemnityAssetBusinessCombination" xlink:to="UGP_IndemnityAssetBusinessCombination_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IndemnityAssetBusinessCombination_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnity asset &#x2013; business combination</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherNoncurrentReceivables" xlink:label="ifrs-full_OtherNoncurrentReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentReceivables" xlink:to="ifrs-full_OtherNoncurrentReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherNoncurrentReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncurrentPrepaidExpenses" xlink:label="UGP_NoncurrentPrepaidExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentPrepaidExpenses" xlink:to="UGP_NoncurrentPrepaidExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentPrepaidExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LongTermAssets" xlink:label="UGP_LongTermAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LongTermAssets" xlink:to="UGP_LongTermAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LongTermAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total long term assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentAbstract" xlink:label="UGP_InvestmentAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentAbstract" xlink:to="UGP_InvestmentAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsInSubsidiariesJointVentures" xlink:label="UGP_InvestmentsInSubsidiariesJointVentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesJointVentures" xlink:to="UGP_InvestmentsInSubsidiariesJointVentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">In joint-ventures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsInSubsidiariesInAssociates" xlink:label="UGP_InvestmentsInSubsidiariesInAssociates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesInAssociates" xlink:to="UGP_InvestmentsInSubsidiariesInAssociates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">In associates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsInSubsidiariesOther" xlink:label="UGP_InvestmentsInSubsidiariesOther" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesOther" xlink:to="UGP_InvestmentsInSubsidiariesOther_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesOther_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsTotal" xlink:label="UGP_InvestmentsTotal" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsTotal" xlink:to="UGP_InvestmentsTotal_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsTotal_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total investments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentAssets" xlink:label="ifrs-full_NoncurrentAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total non-current assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Assets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="ifrs-full_CurrentLiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansCurrent" xlink:label="UGP_LoansCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansCurrent" xlink:to="UGP_LoansCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and hedging instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:label="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued" xlink:to="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentFinanceLeaseLiabilities" xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_CurrentFinanceLeaseLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance leases</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="ifrs-full_TradeAndOtherCurrentPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayables" xlink:to="ifrs-full_TradeAndOtherCurrentPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SalariesAndRelatedCharges" xlink:label="UGP_SalariesAndRelatedCharges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalariesAndRelatedCharges" xlink:to="UGP_SalariesAndRelatedCharges_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalariesAndRelatedCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Salaries and related charges</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="ifrs-full_CurrentTaxLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentDividendPayables" xlink:label="ifrs-full_CurrentDividendPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDividendPayables" xlink:to="ifrs-full_CurrentDividendPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentDividendPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends payable</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes payable</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_CurrentProvisionsForEmployeeBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrentProvisionAssetRetirementObligation" xlink:label="UGP_CurrentProvisionAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionAssetRetirementObligation" xlink:to="UGP_CurrentProvisionAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for asset retirement obligation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrentProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_CurrentProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_CurrentProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for tax, civil, and labor risks</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CustomersAndThirdPartiesPayables" xlink:label="UGP_CustomersAndThirdPartiesPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CustomersAndThirdPartiesPayables" xlink:to="UGP_CustomersAndThirdPartiesPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CustomersAndThirdPartiesPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables &#x2013; customers and third parties&#x2019; indemnification</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherCurrentPayables" xlink:label="ifrs-full_OtherCurrentPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentPayables" xlink:to="ifrs-full_OtherCurrentPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherCurrentPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeCurrent" xlink:label="UGP_DeferredIncomeCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeCurrent" xlink:to="UGP_DeferredIncomeCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansNoncurrent" xlink:label="UGP_LoansNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansNoncurrent" xlink:to="UGP_LoansNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans and hedging instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DebtSecurities" xlink:label="ifrs-full_DebtSecurities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtSecurities" xlink:to="ifrs-full_DebtSecurities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DebtSecurities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_NoncurrentFinanceLeaseLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Finance leases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatedPartiesLiabilitiesNoncurrent" xlink:label="UGP_RelatedPartiesLiabilitiesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesLiabilitiesNoncurrent" xlink:to="UGP_RelatedPartiesLiabilitiesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesLiabilitiesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesPayable" xlink:label="UGP_IncomeAndSocialContributionTaxesPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesPayable" xlink:to="UGP_IncomeAndSocialContributionTaxesPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForAssetRetirementObligation" xlink:label="UGP_ProvisionForAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForAssetRetirementObligation" xlink:to="UGP_ProvisionForAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for asset retirement obligation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for tax, civil, and labor risks</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeNoncurrent" xlink:label="UGP_DeferredIncomeNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeNoncurrent" xlink:to="UGP_DeferredIncomeNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscriptionWarrants" xlink:label="UGP_SubscriptionWarrants" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrants" xlink:to="UGP_SubscriptionWarrants_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subscription warrants &#x2013; indemnification</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherNoncurrentPayables" xlink:label="ifrs-full_OtherNoncurrentPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentPayables" xlink:to="ifrs-full_OtherNoncurrentPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherNoncurrentPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other payables</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EquityAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders&#x2019; equity</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IssuedCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityInstruments" xlink:label="UGP_EquityInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstruments" xlink:to="UGP_EquityInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity instrument granted</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CapitalReserve" xlink:label="ifrs-full_CapitalReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalReserve" xlink:to="ifrs-full_CapitalReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CapitalReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital reserve</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TreasuryShares" xlink:label="ifrs-full_TreasuryShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TreasuryShares" xlink:to="ifrs-full_TreasuryShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TreasuryShares_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherReserves" xlink:label="ifrs-full_OtherReserves" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revaluation reserve on subsidiaries</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ReserveOfDiscretionaryParticipationFeatures" xlink:label="ifrs-full_ReserveOfDiscretionaryParticipationFeatures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfDiscretionaryParticipationFeatures" xlink:to="ifrs-full_ReserveOfDiscretionaryParticipationFeatures_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ReserveOfDiscretionaryParticipationFeatures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit reserves</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityValuationAdjustments" xlink:label="UGP_EquityValuationAdjustments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityValuationAdjustments" xlink:to="UGP_EquityValuationAdjustments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityValuationAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Valuation adjustments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TranslationAdjustments" xlink:label="UGP_TranslationAdjustments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TranslationAdjustments" xlink:to="UGP_TranslationAdjustments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TranslationAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cumulative translation adjustments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionalDividendsMinimumMandatoryDividends" xlink:label="UGP_AdditionalDividendsMinimumMandatoryDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsMinimumMandatoryDividends" xlink:to="UGP_AdditionalDividendsMinimumMandatoryDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionalDividendsMinimumMandatoryDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additional dividends to the minimum mandatory dividends</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityAttributableToAbstract" xlink:label="UGP_ShareholdersEquityAttributableToAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityAttributableToAbstract" xlink:to="UGP_ShareholdersEquityAttributableToAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityAttributableToAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders&#x2019; equity attributable to:</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shareholders of the Company</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests in subsidiaries</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Equity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total shareholders&#x2019; equity</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EquityAndLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total liabilities and shareholders&#x2019; equity</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Revenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net revenue from sales and services</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CostOfSales" xlink:label="ifrs-full_CostOfSales" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CostOfSales_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cost of products and services sold</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GrossProfit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross profit</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingIncomeExpensesAbstract" xlink:label="UGP_OperatingIncomeExpensesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingIncomeExpensesAbstract" xlink:to="UGP_OperatingIncomeExpensesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingIncomeExpensesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating income (expenses)</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="ifrs-full_SellingGeneralAndAdministrativeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Selling and marketing</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdministrativeExpense" xlink:label="ifrs-full_AdministrativeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:label="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:to="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) on disposal of property, plant and equipment and intangibles</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ifrs-full_ProfitLossFromOperatingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromOperatingActivities" xlink:to="ifrs-full_ProfitLossFromOperatingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:label="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating income before financial income (expenses) and share of profit (loss) of joint ventures and associates</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinanceIncome" xlink:label="ifrs-full_FinanceIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinanceIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial income</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinanceCosts" xlink:label="ifrs-full_FinanceCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinanceCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial expenses</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinanceIncomeCost" xlink:label="ifrs-full_FinanceIncomeCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncomeCost" xlink:to="ifrs-full_FinanceIncomeCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinanceIncomeCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of joint ventures and associates</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income before income and social contribution taxes</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DeferredTaxExpenseIncome" xlink:label="ifrs-full_DeferredTaxExpenseIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncome" xlink:to="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DeferredTaxExpenseIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxes" xlink:label="UGP_IncomeAndSocialContributionTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxes" xlink:to="UGP_IncomeAndSocialContributionTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxes_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes, total</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year attributable to:</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shareholders of the Company</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests in subsidiaries</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="ifrs-full_EarningsPerShareAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareAbstract" xlink:to="ifrs-full_EarningsPerShareAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share (based on weighted average number of shares outstanding) &#x2013; R$</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="ifrs-full_DilutedEarningsLossPerShare" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year attributable to shareholders of the Company</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year attributable to non-controlling interests in subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:label="UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:to="UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Items that are subsequently reclassified to profit or loss:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FairValueAdjustmentSubsidiaries" xlink:label="UGP_FairValueAdjustmentSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FairValueAdjustmentSubsidiaries" xlink:to="UGP_FairValueAdjustmentSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FairValueAdjustmentSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value adjustments of financial instruments of subsidiaries, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FairValueAdjustmentJointVenture" xlink:label="UGP_FairValueAdjustmentJointVenture" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FairValueAdjustmentJointVenture" xlink:to="UGP_FairValueAdjustmentJointVenture_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FairValueAdjustmentJointVenture_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value adjustments of financial instruments of joint ventures, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:label="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:to="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cumulative translation adjustments, net of hedge of net investments in foreign operations</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:label="UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract" xlink:to="UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Items that are not subsequently reclassified to profit or loss:</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Actuarial gains (losses) of post-employment benefits, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherAdjustmentsForNoncashItems1" xlink:label="UGP_OtherAdjustmentsForNoncashItems1" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherAdjustmentsForNoncashItems1" xlink:to="UGP_OtherAdjustmentsForNoncashItems1_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherAdjustmentsForNoncashItems1_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Actuarial gains (losses) of post-employment benefits of joint ventures, net</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year attributable to shareholders of the Company</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year attributable to non-controlling interest in subsidiaries</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="ifrs-full_StatementOfChangesInEquityTable" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ComponentsOfEquityAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Equity_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income:</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:label="ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:to="ifrs-full_AdjustmentsForFairValueGainsLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForFairValueGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value adjustments of financial instruments, net of income taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses" xlink:label="UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses" xlink:to="UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value adjustments of available for sale, net of income taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialGainsOfPostEmploymentBenefitsNet" xlink:label="UGP_ActuarialGainsOfPostEmploymentBenefitsNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialGainsOfPostEmploymentBenefitsNet" xlink:to="UGP_ActuarialGainsOfPostEmploymentBenefitsNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialGainsOfPostEmploymentBenefitsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial gains of post-employment benefits, net of income taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialLossesOfPostEmploymentBenefitsNet" xlink:label="UGP_ActuarialLossesOfPostEmploymentBenefitsNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialLossesOfPostEmploymentBenefitsNet" xlink:to="UGP_ActuarialLossesOfPostEmploymentBenefitsNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialLossesOfPostEmploymentBenefitsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial losses of post-employment benefits, net of income taxes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:to="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherAdjustmentsToReconcileProfitLoss_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Currency translation of foreign subsidiaries, including the effect of net investments hedge</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="ifrs-full_IncreaseDecreaseInWorkingCapital_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncreaseDecreaseInWorkingCapital_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital increase with reserves</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquityInstrumentGranted" xlink:label="UGP_EquityInstrumentGranted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstrumentGranted" xlink:to="UGP_EquityInstrumentGranted_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstrumentGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity instrument granted</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_SaleOrIssueOfTreasuryShares" xlink:label="ifrs-full_SaleOrIssueOfTreasuryShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SaleOrIssueOfTreasuryShares" xlink:to="ifrs-full_SaleOrIssueOfTreasuryShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SaleOrIssueOfTreasuryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale of treasury shares</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PurchaseOfTreasuryShares" xlink:label="ifrs-full_PurchaseOfTreasuryShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfTreasuryShares" xlink:to="ifrs-full_PurchaseOfTreasuryShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PurchaseOfTreasuryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of treasury shares</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AcquisitionOfOwnSharesToBeHeldInTreasury" xlink:label="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury" xlink:to="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of own shares to be held in treasury</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RealizationOfRevaluationReserveOfSubsidiaries" xlink:label="UGP_RealizationOfRevaluationReserveOfSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RealizationOfRevaluationReserveOfSubsidiaries" xlink:to="UGP_RealizationOfRevaluationReserveOfSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RealizationOfRevaluationReserveOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Realization of revaluation reserve of subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" xlink:label="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" xlink:to="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExpiredDividends" xlink:label="UGP_ExpiredDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpiredDividends" xlink:to="UGP_ExpiredDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpiredDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expired dividends</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve" xlink:to="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer to investments reserve</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests" xlink:to="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends attributable to non-controlling interests</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AcquisitionOfNoncontrollingInterests" xlink:label="UGP_AcquisitionOfNoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionOfNoncontrollingInterests" xlink:to="UGP_AcquisitionOfNoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionOfNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of non-controlling interests</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AddititionalDividendsNonControlingInterest" xlink:label="UGP_AddititionalDividendsNonControlingInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AddititionalDividendsNonControlingInterest" xlink:to="UGP_AddititionalDividendsNonControlingInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AddititionalDividendsNonControlingInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional dividends attributable to non-controlling interests</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting" xlink:label="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting" xlink:to="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Approval of additional dividends by the Shareholders&#x2019; Meeting</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncontrollingInterestsAddedDueToBusinessCombination" xlink:label="UGP_NoncontrollingInterestsAddedDueToBusinessCombination" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncontrollingInterestsAddedDueToBusinessCombination" xlink:to="UGP_NoncontrollingInterestsAddedDueToBusinessCombination_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncontrollingInterestsAddedDueToBusinessCombination_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling interests added due to business combination</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncontrollingInterestsChangesCBLSA" xlink:label="UGP_NoncontrollingInterestsChangesCBLSA" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncontrollingInterestsChangesCBLSA" xlink:to="UGP_NoncontrollingInterestsChangesCBLSA_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncontrollingInterestsChangesCBLSA_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling interests changes &#x2013; CBLSA</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AllocationOfNetIncomeAbstract" xlink:label="UGP_AllocationOfNetIncomeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllocationOfNetIncomeAbstract" xlink:to="UGP_AllocationOfNetIncomeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllocationOfNetIncomeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allocation of net income:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LegalReserve" xlink:label="UGP_LegalReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LegalReserve" xlink:to="UGP_LegalReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LegalReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Legal reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterimDividends" xlink:label="UGP_InterimDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividends" xlink:to="UGP_InterimDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interim dividends (R$ 0.80 per share of the Company)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterimDividends2" xlink:label="UGP_InterimDividends2" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividends2" xlink:to="UGP_InterimDividends2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividends2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interim dividends (R$ 0.85 per share of the Company)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProposedDividends" xlink:label="UGP_ProposedDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProposedDividends" xlink:to="UGP_ProposedDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProposedDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proposed dividends (R$ 0.80 per share of the Company)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProposedDividends2" xlink:label="UGP_ProposedDividends2" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProposedDividends2" xlink:to="UGP_ProposedDividends2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProposedDividends2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proposed dividends (R$ 0.87 per share of the Company)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProposedDividends3" xlink:label="UGP_ProposedDividends3" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProposedDividends3" xlink:to="UGP_ProposedDividends3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProposedDividends3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proposed dividends (R$ 0.90 per share of the Company)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_StatutoryInvestmentsReserve" xlink:label="UGP_StatutoryInvestmentsReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_StatutoryInvestmentsReserve" xlink:to="UGP_StatutoryInvestmentsReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_StatutoryInvestmentsReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retention of profits</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Equity_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to cash provided by operating activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of loss (profit) of joint ventures&#xA0;and associates</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DepreciationExpense" xlink:label="ifrs-full_DepreciationExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationExpense" xlink:to="ifrs-full_DepreciationExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DepreciationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CreditsOnDepreciation" xlink:label="UGP_CreditsOnDepreciation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CreditsOnDepreciation" xlink:to="UGP_CreditsOnDepreciation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CreditsOnDepreciation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PIS and COFINS credits on depreciation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForAssetRetirementObligation" xlink:label="UGP_AdjustmentsForAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForAssetRetirementObligation" xlink:to="UGP_AdjustmentsForAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset retirement obligation</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest, monetary, and foreign exchange rate variations</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:to="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" xlink:to="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles_lbl" xlink:type="arc"/>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherAdjustments" xlink:to="UGP_OtherAdjustments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherAdjustments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLoss" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_AdjustmentsForReconcileProfitLoss_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments, total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncreaseDecreaseInCurrentAssetsAbstract" xlink:label="UGP_IncreaseDecreaseInCurrentAssetsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncreaseDecreaseInCurrentAssetsAbstract" xlink:to="UGP_IncreaseDecreaseInCurrentAssetsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncreaseDecreaseInCurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase) decrease in current assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForRecoverableTaxes" xlink:label="UGP_AdjustmentsForRecoverableTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForRecoverableTaxes" xlink:to="UGP_AdjustmentsForRecoverableTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForRecoverableTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DividendsReceivedFromAssociatesAndJointVentures" xlink:label="UGP_DividendsReceivedFromAssociatesAndJointVentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DividendsReceivedFromAssociatesAndJointVentures" xlink:to="UGP_DividendsReceivedFromAssociatesAndJointVentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DividendsReceivedFromAssociatesAndJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends received from joint-ventures and associates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForInsuranceAndOtherReceivables" xlink:label="UGP_AdjustmentsForInsuranceAndOtherReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForInsuranceAndOtherReceivables" xlink:to="UGP_AdjustmentsForInsuranceAndOtherReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForInsuranceAndOtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance and other receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForPrepaidExpenses" xlink:label="UGP_AdjustmentsForPrepaidExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForPrepaidExpenses" xlink:to="UGP_AdjustmentsForPrepaidExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForPrepaidExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract" xlink:label="UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract" xlink:to="UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in current liabilities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Salaries and related charges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for tax, civil, and labor risks</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance and other payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncreaseDecreaseInNoncurrentAssetsAbstract" xlink:label="UGP_IncreaseDecreaseInNoncurrentAssetsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncreaseDecreaseInNoncurrentAssetsAbstract" xlink:to="UGP_IncreaseDecreaseInNoncurrentAssetsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncreaseDecreaseInNoncurrentAssetsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase) decrease in non-current assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" xlink:label="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" xlink:to="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Escrow deposits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" xlink:label="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" xlink:to="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract" xlink:label="UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract" xlink:to="UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in non-current liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for tax, civil, and labor risks</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes paid</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:type="locator"/>
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      <link:label xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments, net of redemptions</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:to="ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of subsidiary, net of cash acquired</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of property, plant, and equipment</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of intangible assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital increase in joint ventures</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from disposal of property, plant and equipment and intangibles</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans and debentures</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_InterestPaidClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_InterestPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payments of financial lease</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" xlink:label="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" xlink:to="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of non-controlling interests of subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury" xlink:label="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury" xlink:to="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of own shares to be held in treasury</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:label="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:to="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents in foreign currency</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash and cash equivalents</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashAndCashEquivalents_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at the beginning of the year</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashAndCashEquivalents_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at the end of the year</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdditionalInformationAbstract" xlink:label="ifrs-full_AdditionalInformationAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalInformationAbstract" xlink:to="ifrs-full_AdditionalInformationAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdditionalInformationAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional information&#x2014;transactions that do not affect cash and cash equivalents:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants" xlink:label="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants" xlink:to="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extrafarma acquisition &#x2013; capital increase and subscription warrants</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate" xlink:label="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate" xlink:to="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extrafarma acquisition &#x2013; gross debt assumed on the closing date</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperationsAbstract" xlink:label="UGP_OperationsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperationsAbstract" xlink:to="UGP_OperationsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperationsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operations</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DisclosureOfOperationsExplanatory" xlink:label="UGP_DisclosureOfOperationsExplanatory" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfOperationsExplanatory" xlink:to="UGP_DisclosureOfOperationsExplanatory_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfOperationsExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Operations</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:label="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract" xlink:to="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation Of Financial Statements And Summary Of Significant Accounting Policies</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation of Financial Statements and Summary of Significant Accounting Policies</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationAbstract" xlink:label="UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationAbstract" xlink:type="locator"/>
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      <link:loc xlink:href="ugp-20171231.xsd#UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAbstract" xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesAbstract" xlink:type="locator"/>
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      <link:label xlink:label="UGP_SummaryOfFinancialInvestmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesAndResellerFinancingTablesAbstract" xlink:label="UGP_TradeReceivablesAndResellerFinancingTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesAndResellerFinancingTablesAbstract" xlink:to="UGP_TradeReceivablesAndResellerFinancingTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesAndResellerFinancingTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade Receivables And Reseller Financing Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradeReceivablesCompositionTableTextBlock" xlink:label="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock" xlink:to="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables and reseller financing composition</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock" xlink:label="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock" xlink:to="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables breakdown</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" xlink:label="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" xlink:to="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements in allowance for doubtful accounts</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesTablesAbstract" xlink:label="UGP_InventoriesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesTablesAbstract" xlink:to="UGP_InventoriesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfInventoriesCompositionTableTextBlock" xlink:label="UGP_SummaryOfInventoriesCompositionTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesCompositionTableTextBlock" xlink:to="UGP_SummaryOfInventoriesCompositionTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesCompositionTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Composition of inventories</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfProvisionForLossesTableTextBlock" xlink:label="UGP_SummaryOfProvisionForLossesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionForLossesTableTextBlock" xlink:to="UGP_SummaryOfProvisionForLossesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionForLossesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movements in the provision for losses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock" xlink:label="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock" xlink:to="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Breakdown of provisions for losses related to inventories</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RecoverableTaxesTablesAbstract" xlink:label="UGP_RecoverableTaxesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesTablesAbstract" xlink:to="UGP_RecoverableTaxesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoverable Taxes Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRecoverableTaxesTableTextBlock" xlink:label="UGP_SummaryOfRecoverableTaxesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRecoverableTaxesTableTextBlock" xlink:to="UGP_SummaryOfRecoverableTaxesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRecoverableTaxesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfProvisionForIcmsLossesTableTextBlock" xlink:label="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock" xlink:to="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for ICMS losses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatedPartiesTablesAbstract" xlink:label="UGP_RelatedPartiesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesTablesAbstract" xlink:to="UGP_RelatedPartiesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Parties Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" xlink:label="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" xlink:to="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries and other related parties</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock" xlink:label="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock" xlink:to="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses for compensation of its key executives</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSharesGrantedTableTextBlock" xlink:label="UGP_SummaryOfSharesGrantedTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSharesGrantedTableTextBlock" xlink:to="UGP_SummaryOfSharesGrantedTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSharesGrantedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares granted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" xlink:label="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" xlink:to="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes of number of shares granted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRestrictedStockProgramTableTextBlock" xlink:label="UGP_SummaryOfRestrictedStockProgramTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRestrictedStockProgramTableTextBlock" xlink:to="UGP_SummaryOfRestrictedStockProgramTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRestrictedStockProgramTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted stock program</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesTablesAbstract" xlink:label="UGP_IncomeAndSocialContributionTaxesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesTablesAbstract" xlink:to="UGP_IncomeAndSocialContributionTaxesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income And Social Contribution Taxes Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDeferredTaxesTableTextBlock" xlink:label="UGP_SummaryOfDeferredTaxesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredTaxesTableTextBlock" xlink:to="UGP_SummaryOfDeferredTaxesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredTaxesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" xlink:label="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" xlink:to="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in balance of deferred taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" xlink:label="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" xlink:to="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recovery of deferred tax assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTaxReconciliationTableTextBlock" xlink:label="UGP_SummaryOfTaxReconciliationTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxReconciliationTableTextBlock" xlink:to="UGP_SummaryOfTaxReconciliationTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxReconciliationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTaxIncentivesTableTextBlock" xlink:label="UGP_SummaryOfTaxIncentivesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxIncentivesTableTextBlock" xlink:to="UGP_SummaryOfTaxIncentivesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxIncentivesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax incentives</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidExpensesAbstract" xlink:to="UGP_PrepaidExpensesAbstract_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidExpensesAbstract_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid Expenses Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPrepaidExpensesTableTextBlock" xlink:label="UGP_SummaryOfPrepaidExpensesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrepaidExpensesTableTextBlock" xlink:to="UGP_SummaryOfPrepaidExpensesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrepaidExpensesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsTablesAbstract" xlink:label="UGP_InvestmentsTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsTablesAbstract" xlink:to="UGP_InvestmentsTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" xlink:label="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" xlink:to="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances and changes in joint ventures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" xlink:label="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" xlink:to="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance sheet and income statements of joint ventures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesInAssociatesTableTextBlock" xlink:label="UGP_SummaryOfBalancesInAssociatesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInAssociatesTableTextBlock" xlink:to="UGP_SummaryOfBalancesInAssociatesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInAssociatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances and changes in associates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock" xlink:label="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock" xlink:to="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance sheets and income statements of associates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PropertyPlantAndEquipmentTablesAbstract" xlink:label="UGP_PropertyPlantAndEquipmentTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PropertyPlantAndEquipmentTablesAbstract" xlink:to="UGP_PropertyPlantAndEquipmentTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PropertyPlantAndEquipmentTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Plant And Equipment Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" xlink:label="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" xlink:to="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances and changes in property, plant, and equipment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsTablesAbstract" xlink:label="UGP_IntangibleAssetsTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsTablesAbstract" xlink:to="UGP_IntangibleAssetsTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesInIntangibleAssetsTextBlock" xlink:label="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock" xlink:to="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances and changes in intangible assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesOfGoodwillTableTextBlock" xlink:label="UGP_SummaryOfBalancesOfGoodwillTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesOfGoodwillTableTextBlock" xlink:to="UGP_SummaryOfBalancesOfGoodwillTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesOfGoodwillTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances of goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAmortizationExpensesTableTextBlock" xlink:label="UGP_SummaryOfAmortizationExpensesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAmortizationExpensesTableTextBlock" xlink:to="UGP_SummaryOfAmortizationExpensesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAmortizationExpensesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansDebenturesAndFinanceLeasesTablesAbstract" xlink:label="UGP_LoansDebenturesAndFinanceLeasesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeasesTablesAbstract" xlink:to="UGP_LoansDebenturesAndFinanceLeasesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeasesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Debentures And Finance Leases Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfCompostionOfLoansTableTextBlock" xlink:label="UGP_SummaryOfCompostionOfLoansTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCompostionOfLoansTableTextBlock" xlink:to="UGP_SummaryOfCompostionOfLoansTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCompostionOfLoansTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compostion of loans</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" xlink:label="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" xlink:to="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in loans, debentures and finance leases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock" xlink:label="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock" xlink:to="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal maturity schedule</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfForeignLoanMaturityTableTextBlock" xlink:label="UGP_SummaryOfForeignLoanMaturityTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfForeignLoanMaturityTableTextBlock" xlink:to="UGP_SummaryOfForeignLoanMaturityTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfForeignLoanMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign loan maturity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock" xlink:label="UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock" xlink:to="UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan and debenture maturity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDebenturesTableTextBlock" xlink:label="UGP_SummaryOfDebenturesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDebenturesTableTextBlock" xlink:to="UGP_SummaryOfDebenturesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDebenturesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" xlink:label="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" xlink:to="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equipment and intangible assets, net of depreciation and amortization, and corresponding liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTransactionCostsTableTextBlock" xlink:label="UGP_SummaryOfTransactionCostsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTransactionCostsTableTextBlock" xlink:to="UGP_SummaryOfTransactionCostsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTransactionCostsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transaction costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" xlink:label="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" xlink:to="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Appropriated profit or loss in the future</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradePayablesTablesAbstract" xlink:label="UGP_TradePayablesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradePayablesTablesAbstract" xlink:to="UGP_TradePayablesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradePayablesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade Payables Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradePayablesTableTextBlock" xlink:label="UGP_SummaryOfTradePayablesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradePayablesTableTextBlock" xlink:to="UGP_SummaryOfTradePayablesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradePayablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SalariesAndRelatedChargesTablesAbstract" xlink:label="UGP_SalariesAndRelatedChargesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalariesAndRelatedChargesTablesAbstract" xlink:to="UGP_SalariesAndRelatedChargesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalariesAndRelatedChargesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Salaries And Related Charges Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock" xlink:label="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock" xlink:to="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Salaries and related charges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TaxesPayableTablesAbstract" xlink:label="UGP_TaxesPayableTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxesPayableTablesAbstract" xlink:to="UGP_TaxesPayableTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxesPayableTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes Payable Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTaxesPayableTableTextBlock" xlink:label="UGP_SummaryOfTaxesPayableTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxesPayableTableTextBlock" xlink:to="UGP_SummaryOfTaxesPayableTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxesPayableTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract" xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract" xlink:to="UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Benefits And Private Pension Plan Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPostEmploymentBenefits" xlink:label="UGP_SummaryOfPostEmploymentBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPostEmploymentBenefits" xlink:to="UGP_SummaryOfPostEmploymentBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPostEmploymentBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ChangesInProvisionForPostEmploymentBenefits" xlink:label="UGP_ChangesInProvisionForPostEmploymentBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInProvisionForPostEmploymentBenefits" xlink:to="UGP_ChangesInProvisionForPostEmploymentBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInProvisionForPostEmploymentBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in provision for post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:label="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:to="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefit expense</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" xlink:label="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" xlink:to="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant actuarial assumptions adopted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSensitivityAnalysisTableTextBlock" xlink:label="UGP_SummaryOfSensitivityAnalysisTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity analysis</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForAssetRetirementObligationFuelTanksTablesAbstract" xlink:label="UGP_ProvisionForAssetRetirementObligationFuelTanksTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForAssetRetirementObligationFuelTanksTablesAbstract" xlink:to="UGP_ProvisionForAssetRetirementObligationFuelTanksTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForAssetRetirementObligationFuelTanksTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision For Asset Retirement Obligation - Fuel Tanks Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock" xlink:label="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock" xlink:to="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the provision for asset retirement obligation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionContingenciesAndCommitmentsTablesAbstract" xlink:label="UGP_ProvisionContingenciesAndCommitmentsTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionContingenciesAndCommitmentsTablesAbstract" xlink:to="UGP_ProvisionContingenciesAndCommitmentsTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionContingenciesAndCommitmentsTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision Contingencies And Commitments Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" xlink:label="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" xlink:to="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Breakdown of provisions by nature</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:label="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:to="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances of escrow deposits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredRevenueTablesAbstract" xlink:label="UGP_DeferredRevenueTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredRevenueTablesAbstract" xlink:to="UGP_DeferredRevenueTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredRevenueTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:label="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred revenue in subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityTablesAbstract" xlink:label="UGP_ShareholdersEquityTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityTablesAbstract" xlink:to="UGP_ShareholdersEquityTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders Equity Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" xlink:label="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" xlink:to="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance of other comprehensive income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" xlink:label="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" xlink:to="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends and allocation of net income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetRevenueFromSaleAndServicesTablesAbstract" xlink:label="UGP_NetRevenueFromSaleAndServicesTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetRevenueFromSaleAndServicesTablesAbstract" xlink:to="UGP_NetRevenueFromSaleAndServicesTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetRevenueFromSaleAndServicesTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Revenue From Sale And Services Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock" xlink:label="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock" xlink:to="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Revenue from sales and services</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExpensesByNatureTablesAbstract" xlink:label="UGP_ExpensesByNatureTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpensesByNatureTablesAbstract" xlink:to="UGP_ExpensesByNatureTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpensesByNatureTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses By Nature Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfExpensesByNatureTableTextBlock" xlink:label="UGP_SummaryOfExpensesByNatureTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfExpensesByNatureTableTextBlock" xlink:to="UGP_SummaryOfExpensesByNatureTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfExpensesByNatureTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses by nature</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherOperatingIncomeNetTablesAbstract" xlink:label="UGP_OtherOperatingIncomeNetTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherOperatingIncomeNetTablesAbstract" xlink:to="UGP_OtherOperatingIncomeNetTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherOperatingIncomeNetTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Income Net Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfOtherOperatingIncomeTableTextBlock" xlink:label="UGP_SummaryOfOtherOperatingIncomeTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOtherOperatingIncomeTableTextBlock" xlink:to="UGP_SummaryOfOtherOperatingIncomeTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOtherOperatingIncomeTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialIncomeExpenseTablesAbstract" xlink:label="UGP_FinancialIncomeExpenseTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeExpenseTablesAbstract" xlink:to="UGP_FinancialIncomeExpenseTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeExpenseTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Income Expense Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialIncomeExpenseTableTextBlock" xlink:label="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock" xlink:to="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial income (expense)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EarningsPerShareTablesAbstract" xlink:label="UGP_EarningsPerShareTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EarningsPerShareTablesAbstract" xlink:to="UGP_EarningsPerShareTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EarningsPerShareTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" xlink:label="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" xlink:to="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic and diluted earnings per share</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock" xlink:label="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock" xlink:to="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average shares outstanding</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SegmentInformationTablesAbstract" xlink:label="UGP_SegmentInformationTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SegmentInformationTablesAbstract" xlink:to="UGP_SegmentInformationTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SegmentInformationTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Information Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock" xlink:label="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock" xlink:to="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial information of segments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssetReclassificationTableTextBlock" xlink:label="UGP_SummaryOfAssetReclassificationTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetReclassificationTableTextBlock" xlink:to="UGP_SummaryOfAssetReclassificationTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetReclassificationTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset reclassification</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" xlink:label="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" xlink:to="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed and intangible assets of the Company abroad</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock" xlink:label="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock" xlink:to="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from operations abroad</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RisksAndFinancialInstrumentsTablesAbstract" xlink:label="UGP_RisksAndFinancialInstrumentsTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RisksAndFinancialInstrumentsTablesAbstract" xlink:to="UGP_RisksAndFinancialInstrumentsTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RisksAndFinancialInstrumentsTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks And Financial Instruments Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:label="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:to="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets and liabilities in foreign currencies</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" xlink:label="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity analysis of assets and liabilities in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" xlink:label="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" xlink:to="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets and liabilities exposed to floating interest rates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" xlink:label="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity analysis of floating interest rate risk</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" xlink:label="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" xlink:to="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts on trade receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" xlink:label="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" xlink:to="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual undiscounted cash outflows</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock" xlink:label="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock" xlink:to="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Position of hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" xlink:label="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" xlink:to="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value of gains (losses) recognized</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" xlink:label="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" xlink:to="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair values and the carrying values of the financial instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" xlink:label="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" xlink:to="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of the financial assets and financial liabilities measured at fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfChangesInExchangeRateTableTextBlock" xlink:label="UGP_SummaryOfChangesInExchangeRateTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInExchangeRateTableTextBlock" xlink:to="UGP_SummaryOfChangesInExchangeRateTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInExchangeRateTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in exchange rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommitmentsTablesAbstract" xlink:label="UGP_CommitmentsTablesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommitmentsTablesAbstract" xlink:to="UGP_CommitmentsTablesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommitmentsTablesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments Tables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfContractsTableTextBlock" xlink:label="UGP_SummaryOfContractsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractsTableTextBlock" xlink:to="UGP_SummaryOfContractsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contracts</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock" xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock" xlink:to="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum purchase commitment - Oxiteno Nordeste</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock" xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock" xlink:to="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum purchase commitment - Oxiteno S.A.</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" xlink:label="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance coverage in subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfOperatingLeaseContractsTableTextBlock" xlink:label="UGP_SummaryOfOperatingLeaseContractsTableTextBlock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOperatingLeaseContractsTableTextBlock" xlink:to="UGP_SummaryOfOperatingLeaseContractsTableTextBlock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOperatingLeaseContractsTableTextBlock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating lease contracts</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DisclosureOfForeignSubsidiariesTable" xlink:label="UGP_DisclosureOfForeignSubsidiariesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfForeignSubsidiariesTable" xlink:to="UGP_DisclosureOfForeignSubsidiariesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfForeignSubsidiariesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfForeignSubsidiariesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DisclosureOfForeignSubsidiariesLineItems" xlink:label="UGP_DisclosureOfForeignSubsidiariesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfForeignSubsidiariesLineItems" xlink:to="UGP_DisclosureOfForeignSubsidiariesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfForeignSubsidiariesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">DisclosureOfForeignSubsidiariesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedSubsidiariesAxis" xlink:to="ifrs-full_UnconsolidatedSubsidiariesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_UnconsolidatedSubsidiariesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unconsolidated subsidiaries [axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DescriptionOfFunctionalCurrency" xlink:label="ifrs-full_DescriptionOfFunctionalCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfFunctionalCurrency" xlink:to="ifrs-full_DescriptionOfFunctionalCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DescriptionOfFunctionalCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Functional currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GeographicalAreas" xlink:label="UGP_GeographicalAreas" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GeographicalAreas" xlink:to="UGP_GeographicalAreas_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GeographicalAreas_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Location</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAccountingPronouncementsTable" xlink:label="UGP_SummaryOfAccountingPronouncementsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAccountingPronouncementsTable" xlink:to="UGP_SummaryOfAccountingPronouncementsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAccountingPronouncementsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAccountingPronouncementsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAccountingPronouncementsLineItems" xlink:label="UGP_SummaryOfAccountingPronouncementsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAccountingPronouncementsLineItems" xlink:to="UGP_SummaryOfAccountingPronouncementsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAccountingPronouncementsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAccountingPronouncementsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NewIFRSsAxis" xlink:to="ifrs-full_NewIFRSsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NewIFRSsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">New IFRSs [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_YearByWhichApplicationOfNewIFRSIsRequired" xlink:label="UGP_YearByWhichApplicationOfNewIFRSIsRequired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_YearByWhichApplicationOfNewIFRSIsRequired" xlink:to="UGP_YearByWhichApplicationOfNewIFRSIsRequired_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_YearByWhichApplicationOfNewIFRSIsRequired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective date</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPresentationOfFinancialStatementsTable" xlink:label="UGP_SummaryOfPresentationOfFinancialStatementsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPresentationOfFinancialStatementsTable" xlink:to="UGP_SummaryOfPresentationOfFinancialStatementsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPresentationOfFinancialStatementsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPresentationOfFinancialStatementsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPresentationOfFinancialStatementsLineItems" xlink:label="UGP_SummaryOfPresentationOfFinancialStatementsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPresentationOfFinancialStatementsLineItems" xlink:to="UGP_SummaryOfPresentationOfFinancialStatementsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPresentationOfFinancialStatementsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPresentationOfFinancialStatementsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentAssets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentAssets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentLiabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentLiabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Equity_4_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shareholder&#x2019;s equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EquityAndLiabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total liabilities and shareholders' equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="ifrs-full_SellingGeneralAndAdministrativeExpense_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Selling and marketing expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdministrativeExpense_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxes" xlink:to="UGP_IncomeAndSocialContributionTaxes_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxes_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax and social contribution</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BasicEarningsLossPerShare_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Earnings per share - basic</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DilutedEarningsLossPerShare_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Earnings per share - diluted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract" xlink:label="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract" xlink:to="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation Of Financial Statements And Summary Of Significant Accounting Policies Details Narrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" xlink:to="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains and losses from changes in foreign investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSubsidiariesTable" xlink:label="UGP_SummaryOfSubsidiariesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSubsidiariesTable" xlink:to="UGP_SummaryOfSubsidiariesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSubsidiariesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSubsidiariesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSubsidiariesLineItems" xlink:label="UGP_SummaryOfSubsidiariesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSubsidiariesLineItems" xlink:to="UGP_SummaryOfSubsidiariesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSubsidiariesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSubsidiariesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NameOfSubsidiary" xlink:label="ifrs-full_NameOfSubsidiary" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfSubsidiary" xlink:to="ifrs-full_NameOfSubsidiary_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NameOfSubsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Location" xlink:label="UGP_Location" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Location" xlink:to="UGP_Location_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Location_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Location</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BusinessSegment" xlink:label="UGP_BusinessSegment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BusinessSegment" xlink:to="UGP_BusinessSegment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BusinessSegment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DirectControlInterestPercentage" xlink:label="UGP_DirectControlInterestPercentage" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DirectControlInterestPercentage" xlink:to="UGP_DirectControlInterestPercentage_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DirectControlInterestPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Direct control</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IndirecttControlInterestPercentage" xlink:label="UGP_IndirecttControlInterestPercentage" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IndirecttControlInterestPercentage" xlink:to="UGP_IndirecttControlInterestPercentage_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IndirecttControlInterestPercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indirect control</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssetsAndLiabilitiesFairValueTable" xlink:label="UGP_SummaryOfAssetsAndLiabilitiesFairValueTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetsAndLiabilitiesFairValueTable" xlink:to="UGP_SummaryOfAssetsAndLiabilitiesFairValueTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetsAndLiabilitiesFairValueTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAssetsAndLiabilitiesFairValueTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems" xlink:label="UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems" xlink:to="UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAssetsAndLiabilitiesFairValueLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BusinessCombinationsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TradeReceivables" xlink:label="ifrs-full_TradeReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TradeReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Inventories" xlink:to="ifrs-full_Inventories_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Inventories_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RecoverableTaxes" xlink:label="UGP_RecoverableTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxes" xlink:to="UGP_RecoverableTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Recoverable taxes</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherAssets" xlink:label="ifrs-full_OtherAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssets" xlink:to="ifrs-full_OtherAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatedPartiesNoncurrentAssets" xlink:label="UGP_RelatedPartiesNoncurrentAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesNoncurrentAssets" xlink:to="UGP_RelatedPartiesNoncurrentAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesNoncurrentAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IndemnityAsset" xlink:label="UGP_IndemnityAsset" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IndemnityAsset" xlink:to="UGP_IndemnityAsset_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IndemnityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnity asset</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherReceivables" xlink:label="ifrs-full_OtherReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReceivables" xlink:to="ifrs-full_OtherReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentAssets_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncurrent assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TotalAssetsAcquired" xlink:label="UGP_TotalAssetsAcquired" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalAssetsAcquired" xlink:to="UGP_TotalAssetsAcquired_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalAssetsAcquired_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total assets acquired</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TemporaryGoodwillAsset" xlink:label="UGP_TemporaryGoodwillAsset" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TemporaryGoodwillAsset" xlink:to="UGP_TemporaryGoodwillAsset_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TemporaryGoodwillAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preliminary goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TotalAssetsAcquiredAndGoodwill" xlink:label="UGP_TotalAssetsAcquiredAndGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalAssetsAcquiredAndGoodwill" xlink:to="UGP_TotalAssetsAcquiredAndGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalAssetsAcquiredAndGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total assets acquired and preliminary goodwill</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesPayable" xlink:to="UGP_IncomeAndSocialContributionTaxesPayable_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesPayable_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_ProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_ProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for tax, civil and labor risks</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentPayables" xlink:to="ifrs-full_OtherNoncurrentPayables_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherNoncurrentPayables_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PostemploymentBenefitsNoncurrent" xlink:label="UGP_PostemploymentBenefitsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PostemploymentBenefitsNoncurrent" xlink:to="UGP_PostemploymentBenefitsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PostemploymentBenefitsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentLiabilities_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncurrent liabilities</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Liabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncontrollingInterests_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation of non-controlling interests</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TemporaryConsiderationTransferred" xlink:label="UGP_TemporaryConsiderationTransferred" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TemporaryConsiderationTransferred" xlink:to="UGP_TemporaryConsiderationTransferred_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TemporaryConsiderationTransferred_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preliminary consideration transferred</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants" xlink:to="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Purchase price</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPrinciplesOfConsolidationTable" xlink:label="UGP_SummaryOfPrinciplesOfConsolidationTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrinciplesOfConsolidationTable" xlink:to="UGP_SummaryOfPrinciplesOfConsolidationTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrinciplesOfConsolidationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPrinciplesOfConsolidationTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPrinciplesOfConsolidationLineItems" xlink:label="UGP_SummaryOfPrinciplesOfConsolidationLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrinciplesOfConsolidationLineItems" xlink:to="UGP_SummaryOfPrinciplesOfConsolidationLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrinciplesOfConsolidationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPrinciplesOfConsolidationLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TemporaryConsiderationTransferred" xlink:to="UGP_TemporaryConsiderationTransferred_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TemporaryConsiderationTransferred_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Temporary consideration transferred</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Liabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">(-) Total liabilities assumed</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncontrollingInterests_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(-) Non-controlling interest</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TemporaryGoodwill" xlink:label="UGP_TemporaryGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TemporaryGoodwill" xlink:to="UGP_TemporaryGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TemporaryGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract" xlink:label="UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract" xlink:to="UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principles Of Consolidation Investments In Subsidiaries Acquisitions Under Approval And Business Combination Details 3</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RevenueOfAcquiree" xlink:label="ifrs-full_RevenueOfAcquiree" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueOfAcquiree" xlink:to="ifrs-full_RevenueOfAcquiree_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RevenueOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net revenue from sale and services</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingIncomeAcquiree" xlink:label="UGP_OperatingIncomeAcquiree" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingIncomeAcquiree" xlink:to="UGP_OperatingIncomeAcquiree_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingIncomeAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating income</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProfitLossOfAcquiree" xlink:label="ifrs-full_ProfitLossOfAcquiree" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossOfAcquiree" xlink:to="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossOfAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income for the year</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BasicEarningsLossPerShareAcquiree" xlink:label="UGP_BasicEarningsLossPerShareAcquiree" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BasicEarningsLossPerShareAcquiree" xlink:to="UGP_BasicEarningsLossPerShareAcquiree_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BasicEarningsLossPerShareAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share basic - whole</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DilutedEarningsLossPerShareAcquiree" xlink:label="UGP_DilutedEarningsLossPerShareAcquiree" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DilutedEarningsLossPerShareAcquiree" xlink:to="UGP_DilutedEarningsLossPerShareAcquiree_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DilutedEarningsLossPerShareAcquiree_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share diluted - whole</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract" xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract" xlink:to="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents And Financial Investments Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndBankDepositsInLocalCurrency" xlink:label="UGP_CashAndBankDepositsInLocalCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndBankDepositsInLocalCurrency" xlink:to="UGP_CashAndBankDepositsInLocalCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndBankDepositsInLocalCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and bank deposits in local currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndBankDepositsInForeignCurrency" xlink:label="UGP_CashAndBankDepositsInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndBankDepositsInForeignCurrency" xlink:to="UGP_CashAndBankDepositsInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndBankDepositsInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and bank deposits in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:to="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments considered cash equivalents in local currency, fixed income securities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:to="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments considered cash equivalents in foreign currency, fixed income securities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CashAndCashEquivalents_4_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total cash and cash equivalents</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract" xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract" xlink:to="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents And Financial Investments Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsInLocalCurrency" xlink:label="UGP_FinancialInvestmentsInLocalCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInLocalCurrency" xlink:to="UGP_FinancialInvestmentsInLocalCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInLocalCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments in local currency, fixed-income securities and funds</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsInForeignCurrency" xlink:label="UGP_FinancialInvestmentsInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInForeignCurrency" xlink:to="UGP_FinancialInvestmentsInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial investments in foreign currency, fixed-income securities and funds</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurencyAndInterestRateHedgingInstruments" xlink:label="UGP_CurencyAndInterestRateHedgingInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurencyAndInterestRateHedgingInstruments" xlink:to="UGP_CurencyAndInterestRateHedgingInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurencyAndInterestRateHedgingInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Curency and interest rate hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestments" xlink:label="UGP_FinancialInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestments" xlink:to="UGP_FinancialInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsCurrent" xlink:label="UGP_FinancialInvestmentsCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsCurrent" xlink:to="UGP_FinancialInvestmentsCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsNoncurrent" xlink:label="UGP_FinancialInvestmentsNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsNoncurrent" xlink:to="UGP_FinancialInvestmentsNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract" xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract" xlink:to="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents And Financial Investments Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashCashEqivalentsAndFinancialInvestments" xlink:label="UGP_CashCashEqivalentsAndFinancialInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashCashEqivalentsAndFinancialInvestments" xlink:to="UGP_CashCashEqivalentsAndFinancialInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashCashEqivalentsAndFinancialInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, cash eqivalents, and financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradeReceivablesTable" xlink:label="UGP_SummaryOfTradeReceivablesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesTable" xlink:to="UGP_SummaryOfTradeReceivablesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTradeReceivablesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradeReceivablesLineItems" xlink:label="UGP_SummaryOfTradeReceivablesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesLineItems" xlink:to="UGP_SummaryOfTradeReceivablesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTradeReceivablesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesAxis" xlink:to="UGP_TradeReceivablesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TradeReceivablesAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesCurrent" xlink:label="UGP_TradeReceivablesCurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesCurrent" xlink:to="UGP_TradeReceivablesCurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesCurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesNoncurrent" xlink:label="UGP_TradeReceivablesNoncurrent" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesNoncurrent" xlink:to="UGP_TradeReceivablesNoncurrent_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesNoncurrent_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RangeAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesGross" xlink:label="UGP_TradeReceivablesGross" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesGross" xlink:to="UGP_TradeReceivablesGross_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesGross_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables, gross of allowance for doubtful accounts</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TradeReceivablesAndResellerFinancingDetails2Abstract" xlink:label="UGP_TradeReceivablesAndResellerFinancingDetails2Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesAndResellerFinancingDetails2Abstract" xlink:to="UGP_TradeReceivablesAndResellerFinancingDetails2Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesAndResellerFinancingDetails2Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade Receivables And Reseller Financing Details 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:label="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OpeningBalanceCblSA" xlink:label="UGP_OpeningBalanceCblSA" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OpeningBalanceCblSA" xlink:to="UGP_OpeningBalanceCblSA_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OpeningBalanceCblSA_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Opening balance CBL S.A. (see Note 3.c)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" xlink:label="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" xlink:label="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write-offs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts, ending</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfInventoriesTable" xlink:label="UGP_SummaryOfInventoriesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesTable" xlink:to="UGP_SummaryOfInventoriesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfInventoriesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfInventoriesLineItems" xlink:label="UGP_SummaryOfInventoriesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesLineItems" xlink:to="UGP_SummaryOfInventoriesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfInventoriesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesAxis" xlink:to="UGP_InventoriesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">InventoriesAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesCost" xlink:label="UGP_InventoriesCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesCost" xlink:to="UGP_InventoriesCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesCost_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cost</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForLossesInventories" xlink:label="UGP_ProvisionForLossesInventories" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForLossesInventories" xlink:to="UGP_ProvisionForLossesInventories_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForLossesInventories_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Inventories" xlink:to="ifrs-full_Inventories_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Inventories_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesDetails1Abstract" xlink:label="UGP_InventoriesDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesDetails1Abstract" xlink:to="UGP_InventoriesDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesProvisionForLosses" xlink:label="UGP_InventoriesProvisionForLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesProvisionForLosses" xlink:to="UGP_InventoriesProvisionForLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesProvisionForLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Provisions for losses, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionsToNetRealizableValueAdjustment" xlink:label="UGP_AdditionsToNetRealizableValueAdjustment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsToNetRealizableValueAdjustment" xlink:to="UGP_AdditionsToNetRealizableValueAdjustment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsToNetRealizableValueAdjustment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions (reversals) to net realizable value adjustment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReversalsOfObsolescenceAndOtherLosses" xlink:label="UGP_ReversalsOfObsolescenceAndOtherLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReversalsOfObsolescenceAndOtherLosses" xlink:to="UGP_ReversalsOfObsolescenceAndOtherLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReversalsOfObsolescenceAndOtherLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reversals of obsolescence and other losses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionsToObsolescenceAndOtherLosses" xlink:label="UGP_AdditionsToObsolescenceAndOtherLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsToObsolescenceAndOtherLosses" xlink:to="UGP_AdditionsToObsolescenceAndOtherLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsToObsolescenceAndOtherLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions to obsolescence and other losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesProvisionForLosses" xlink:to="UGP_InventoriesProvisionForLosses_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesProvisionForLosses_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Provisions for losses, ending</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesDetails2Abstract" xlink:label="UGP_InventoriesDetails2Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesDetails2Abstract" xlink:to="UGP_InventoriesDetails2Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesDetails2Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories Details 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetRealizableValueAdjustment" xlink:label="UGP_NetRealizableValueAdjustment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetRealizableValueAdjustment" xlink:to="UGP_NetRealizableValueAdjustment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetRealizableValueAdjustment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net realizable value adjustment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ObsolescenceAndOtherLosses" xlink:label="UGP_ObsolescenceAndOtherLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ObsolescenceAndOtherLosses" xlink:to="UGP_ObsolescenceAndOtherLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ObsolescenceAndOtherLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Obsolescence and other losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesProvisionForLosses" xlink:to="UGP_InventoriesProvisionForLosses_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesProvisionForLosses_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for losses related to inventories</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRecoverableTaxesTable" xlink:label="UGP_SummaryOfRecoverableTaxesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRecoverableTaxesTable" xlink:to="UGP_SummaryOfRecoverableTaxesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRecoverableTaxesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRecoverableTaxesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRecoverableTaxesLineItems" xlink:label="UGP_SummaryOfRecoverableTaxesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRecoverableTaxesLineItems" xlink:to="UGP_SummaryOfRecoverableTaxesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRecoverableTaxesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRecoverableTaxesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxesAxis" xlink:to="UGP_TaxesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TaxesAxis [Axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssets" xlink:to="ifrs-full_CurrentTaxAssets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentTaxAssets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesNoncurrent" xlink:to="UGP_RecoverableTaxesNoncurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesNoncurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RecoverableTaxesDetails1Abstract" xlink:label="UGP_RecoverableTaxesDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesDetails1Abstract" xlink:to="UGP_RecoverableTaxesDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoverable Taxes Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForIcmsLosses" xlink:label="UGP_ProvisionForIcmsLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForIcmsLosses" xlink:to="UGP_ProvisionForIcmsLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForIcmsLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Provision for ICMS losses, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WriteoffsAdditionsReversalsOfIcmsProvision" xlink:label="UGP_WriteoffsAdditionsReversalsOfIcmsProvision" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WriteoffsAdditionsReversalsOfIcmsProvision" xlink:to="UGP_WriteoffsAdditionsReversalsOfIcmsProvision_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WriteoffsAdditionsReversalsOfIcmsProvision_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Write-offs, additions and reversals, net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForIcmsLosses" xlink:to="UGP_ProvisionForIcmsLosses_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForIcmsLosses_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Provision for ICMS losses, ending</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRelatedPartiesTable" xlink:label="UGP_SummaryOfRelatedPartiesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRelatedPartiesTable" xlink:to="UGP_SummaryOfRelatedPartiesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRelatedPartiesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRelatedPartiesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRelatedPartiesLineItems" xlink:label="UGP_SummaryOfRelatedPartiesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRelatedPartiesLineItems" xlink:to="UGP_SummaryOfRelatedPartiesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRelatedPartiesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRelatedPartiesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansAssets" xlink:label="UGP_LoansAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAssets" xlink:to="UGP_LoansAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansLiabilities" xlink:label="UGP_LoansLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansLiabilities" xlink:to="UGP_LoansLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialTransactionsReceivables" xlink:label="UGP_CommercialTransactionsReceivables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsReceivables" xlink:to="UGP_CommercialTransactionsReceivables_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsReceivables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial transactions receivables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialTransactionsPayables" xlink:label="UGP_CommercialTransactionsPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsPayables" xlink:to="UGP_CommercialTransactionsPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial transactions payables</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialTransactionsSalesAndServices" xlink:label="UGP_CommercialTransactionsSalesAndServices" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsSalesAndServices" xlink:to="UGP_CommercialTransactionsSalesAndServices_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsSalesAndServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial transactions, sales and services</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommercialTransactionsPurchases" xlink:label="UGP_CommercialTransactionsPurchases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsPurchases" xlink:to="UGP_CommercialTransactionsPurchases_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsPurchases_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial transactions purchases</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExecutiveCompensationAxis" xlink:to="UGP_ExecutiveCompensationAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExecutiveCompensationAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">ExecutiveCompensationAxis [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensation expense of key executives</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DateOfGrantOfSharebasedPaymentArrangement" xlink:label="ifrs-full_DateOfGrantOfSharebasedPaymentArrangement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DateOfGrantOfSharebasedPaymentArrangement" xlink:to="ifrs-full_DateOfGrantOfSharebasedPaymentArrangement_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DateOfGrantOfSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Grant date</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance of number of shares granted</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement" xlink:to="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting period</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment" xlink:label="UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment" xlink:to="UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market price of shares on the grant date</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharebasedPaymentGrantsCostsIncludingTaxes" xlink:label="UGP_SharebasedPaymentGrantsCostsIncludingTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentGrantsCostsIncludingTaxes" xlink:to="UGP_SharebasedPaymentGrantsCostsIncludingTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentGrantsCostsIncludingTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total grants costs, including taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AccumulatedRecognizedGrantCosts" xlink:label="UGP_AccumulatedRecognizedGrantCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedRecognizedGrantCosts" xlink:to="UGP_AccumulatedRecognizedGrantCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedRecognizedGrantCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated recognized grant costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AccumulatedUnrecognizedGrantCosts" xlink:label="UGP_AccumulatedUnrecognizedGrantCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedUnrecognizedGrantCosts" xlink:to="UGP_AccumulatedUnrecognizedGrantCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedUnrecognizedGrantCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated unrecognized grant costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatedPartiesDetails3Abstract" xlink:label="UGP_RelatedPartiesDetails3Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesDetails3Abstract" xlink:to="UGP_RelatedPartiesDetails3Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesDetails3Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Parties Details 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Shares granted, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForfeitureOfSharesGranted" xlink:label="UGP_ForfeitureOfSharesGranted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForfeitureOfSharesGranted" xlink:to="UGP_ForfeitureOfSharesGranted_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForfeitureOfSharesGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares granted</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment" xlink:label="UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment" xlink:to="UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forfeiture of granted shares due to termination of executive employment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" xlink:label="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" xlink:to="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares vested and transferred</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Shares granted, ending</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Balance of number of shares granted</link:label>
      <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentOptionsExercisePrice" xlink:label="invest_InvestmentOptionsExercisePrice" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentOptionsExercisePrice" xlink:to="invest_InvestmentOptionsExercisePrice_lbl" xlink:type="arc"/>
      <link:label xlink:label="invest_InvestmentOptionsExercisePrice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market price of shares on the grant date (in R$ per share)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GrantCostsIncludingTaxes" xlink:label="UGP_GrantCostsIncludingTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrantCostsIncludingTaxes" xlink:to="UGP_GrantCostsIncludingTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrantCostsIncludingTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total grant costs, including taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AccumulatedRecognizedGrantCostsRelatedParties" xlink:label="UGP_AccumulatedRecognizedGrantCostsRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedRecognizedGrantCostsRelatedParties" xlink:to="UGP_AccumulatedRecognizedGrantCostsRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedRecognizedGrantCostsRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated recognized grant costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AccumulatedUnrecognizedGrantCostsRelatedParties" xlink:label="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties" xlink:to="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated unrecognized grant costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RelatedPartiesDetailsNarrativeAbstract" xlink:label="UGP_RelatedPartiesDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesDetailsNarrativeAbstract" xlink:to="UGP_RelatedPartiesDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Parties Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense" xlink:label="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense" xlink:to="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization recognized as general and administrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesDetailsAbstract" xlink:label="UGP_IncomeAndSocialContributionTaxesDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesDetailsAbstract" xlink:to="UGP_IncomeAndSocialContributionTaxesDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income And Social Contribution Taxes Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets&#x2014;Deferred income and social contribution taxes on:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for impairment of assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions for tax, civil, and labor risks</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for differences between cash and accrual basis</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesGoodwill" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combination &#x2013; fiscal basis vs. accounting basis of goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for asset retirement obligation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax losses and negative basis for social contribution carryforwards (d)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxAssets" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" xlink:to="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Offset the liabilities balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxAssetsNet" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net balance of assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities&#x2014;Deferred income and social contribution taxes on:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revaluation of property, plant, and equipment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesLease" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesLease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesLease" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesLease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesLease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for differences between cash and accrual basis</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for goodwill/negative goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combination &#x2013; fair value of assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary differences of foreign subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxLiabilities" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" xlink:to="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Offset the assets balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet" xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net balance of liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesDetails2Abstract" xlink:label="UGP_IncomeAndSocialContributionTaxesDetails2Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesDetails2Abstract" xlink:to="UGP_IncomeAndSocialContributionTaxesDetails2Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesDetails2Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income And Social Contribution Taxes Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIRPJAndCSLL" xlink:label="UGP_DeferredIRPJAndCSLL" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLL" xlink:to="UGP_DeferredIRPJAndCSLL_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLL_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Initial balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear" xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred IRPJ and CSLL recognized in income of the year</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred IRPJ and CSLL recognized in other comprehensive income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations" xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred IRPJ and CSLL recognized in business combination</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredIRPJAndCSLLOthers" xlink:label="UGP_DeferredIRPJAndCSLLOthers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLOthers" xlink:to="UGP_DeferredIRPJAndCSLLOthers_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLOthers_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Others</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLL" xlink:to="UGP_DeferredIRPJAndCSLL_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLL_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Final balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfIncomeAndSocialContributionTaxesTable" xlink:label="UGP_SummaryOfIncomeAndSocialContributionTaxesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfIncomeAndSocialContributionTaxesTable" xlink:to="UGP_SummaryOfIncomeAndSocialContributionTaxesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfIncomeAndSocialContributionTaxesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfIncomeAndSocialContributionTaxesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:label="UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems" xlink:to="UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxAssets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recovery of deferred tax assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesDetails4Abstract" xlink:label="UGP_IncomeAndSocialContributionTaxesDetails4Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesDetails4Abstract" xlink:to="UGP_IncomeAndSocialContributionTaxesDetails4Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesDetails4Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income And Social Contribution Taxes Details 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:label="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (loss) before taxes and share of profit (loss) of joint ventures, and associates</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ApplicableTaxRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statutory tax rates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates" xlink:label="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates" xlink:to="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes at the statutory tax rates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract" xlink:label="UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract" xlink:to="UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to the statutory income and social contribution taxes:</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:to="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nondeductible expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NontaxableRevenues" xlink:label="UGP_NontaxableRevenues" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NontaxableRevenues" xlink:to="UGP_NontaxableRevenues_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NontaxableRevenues_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nontaxable revenues</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdjustmentToEstimatedIncome" xlink:label="UGP_AdjustmentToEstimatedIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentToEstimatedIncome" xlink:to="UGP_AdjustmentToEstimatedIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentToEstimatedIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment to estimated income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestOnEquity" xlink:label="UGP_InterestOnEquity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestOnEquity" xlink:to="UGP_InterestOnEquity_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestOnEquity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on equity</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="ifrs-full_AdjustmentsForIncomeTaxExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other adjustments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:label="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:to="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes before tax incentives</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TaxIncentives" xlink:label="UGP_TaxIncentives" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxIncentives" xlink:to="UGP_TaxIncentives_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxIncentives_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax incentives&#x2014;SUDENE</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxes" xlink:to="UGP_IncomeAndSocialContributionTaxes_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxes_3_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes in the income statement</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EffectiveIRPJAndCSLLRates" xlink:label="UGP_EffectiveIRPJAndCSLLRates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectiveIRPJAndCSLLRates" xlink:to="UGP_EffectiveIRPJAndCSLLRates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectiveIRPJAndCSLLRates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective IRPJ and CSLL rates</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Subsidiary" xlink:label="UGP_Subsidiary" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary" xlink:to="UGP_Subsidiary_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BusinessUnit" xlink:label="UGP_BusinessUnit" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BusinessUnit" xlink:to="UGP_BusinessUnit_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BusinessUnit_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Units</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncentivePercentage" xlink:label="UGP_IncentivePercentage" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncentivePercentage" xlink:to="UGP_IncentivePercentage_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncentivePercentage_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incentive percentage</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExpirationYear" xlink:label="UGP_ExpirationYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpirationYear" xlink:to="UGP_ExpirationYear_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpirationYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expiration</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract" xlink:label="UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract" xlink:to="UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income And Social Contribution Taxes Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TaxLossCarryforwards" xlink:label="UGP_TaxLossCarryforwards" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxLossCarryforwards" xlink:to="UGP_TaxLossCarryforwards_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxLossCarryforwards_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax loss carryforwards related to income tax</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidExpensesDetailsAbstract" xlink:label="UGP_PrepaidExpensesDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidExpensesDetailsAbstract" xlink:to="UGP_PrepaidExpensesDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidExpensesDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid Expenses Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidRentExpense" xlink:label="UGP_PrepaidRentExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidRentExpense" xlink:to="UGP_PrepaidRentExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidRentExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rents</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidAdvertisingExpense" xlink:label="UGP_PrepaidAdvertisingExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidAdvertisingExpense" xlink:to="UGP_PrepaidAdvertisingExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidAdvertisingExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising and publicity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidDeferredStockPlanExpense" xlink:label="UGP_PrepaidDeferredStockPlanExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidDeferredStockPlanExpense" xlink:to="UGP_PrepaidDeferredStockPlanExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidDeferredStockPlanExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Stock Plan, net</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidInsuranceExpense" xlink:label="UGP_PrepaidInsuranceExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidInsuranceExpense" xlink:to="UGP_PrepaidInsuranceExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidInsuranceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance premiums</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidSoftwareMaintenanceExpense" xlink:label="UGP_PrepaidSoftwareMaintenanceExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidSoftwareMaintenanceExpense" xlink:to="UGP_PrepaidSoftwareMaintenanceExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidSoftwareMaintenanceExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Software maintenance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherPrepaidExpenses" xlink:label="UGP_OtherPrepaidExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherPrepaidExpenses" xlink:to="UGP_OtherPrepaidExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherPrepaidExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other prepaid expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrepaidExpenses" xlink:label="UGP_PrepaidExpenses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidExpenses" xlink:to="UGP_PrepaidExpenses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidExpenses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses, total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaidExpenses" xlink:to="ifrs-full_CurrentPrepaidExpenses_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentPrepaidExpenses_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentPrepaidExpenses" xlink:to="UGP_NoncurrentPrepaidExpenses_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentPrepaidExpenses_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfJointVenturesTable" xlink:label="UGP_SummaryOfJointVenturesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfJointVenturesTable" xlink:to="UGP_SummaryOfJointVenturesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfJointVenturesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfJointVenturesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfJointVenturesLineItems" xlink:label="UGP_SummaryOfJointVenturesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfJointVenturesLineItems" xlink:to="UGP_SummaryOfJointVenturesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfJointVenturesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfJointVenturesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesAxis" xlink:to="ifrs-full_JointVenturesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_JointVenturesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Joint ventures [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesJointVentures" xlink:to="UGP_InvestmentsInSubsidiariesJointVentures_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesJointVentures_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Joint ventures, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CapitalIncreaseJointVentures" xlink:label="UGP_CapitalIncreaseJointVentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CapitalIncreaseJointVentures" xlink:to="UGP_CapitalIncreaseJointVentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CapitalIncreaseJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital increase</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdvanceForFutureCapitalIncrease" xlink:label="UGP_AdvanceForFutureCapitalIncrease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvanceForFutureCapitalIncrease" xlink:to="UGP_AdvanceForFutureCapitalIncrease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvanceForFutureCapitalIncrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance for Future Capital Increase</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ValuationAdjustmentsJointVentures" xlink:label="UGP_ValuationAdjustmentsJointVentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ValuationAdjustmentsJointVentures" xlink:to="UGP_ValuationAdjustmentsJointVentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ValuationAdjustmentsJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Valuation adjustments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareOfProfitLossOfJointVentures" xlink:label="UGP_ShareOfProfitLossOfJointVentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOfProfitLossOfJointVentures" xlink:to="UGP_ShareOfProfitLossOfJointVentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOfProfitLossOfJointVentures_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of joint ventures</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesJointVentures" xlink:to="UGP_InvestmentsInSubsidiariesJointVentures_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesJointVentures_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Joint ventures, ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_5_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Equity_5_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shareholders&#x2019; equity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingExpenseAndIncomeCosts" xlink:label="UGP_OperatingExpenseAndIncomeCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingExpenseAndIncomeCosts" xlink:to="UGP_OperatingExpenseAndIncomeCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingExpenseAndIncomeCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs, operating expenses and income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:label="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net financial income and income and social contribution&#xA0;taxes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLoss_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income (loss)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NumberOfSharesOrUnitsHeld" xlink:label="UGP_NumberOfSharesOrUnitsHeld" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NumberOfSharesOrUnitsHeld" xlink:to="UGP_NumberOfSharesOrUnitsHeld_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NumberOfSharesOrUnitsHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares or units held</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PercentageOfCapitalHeld" xlink:label="UGP_PercentageOfCapitalHeld" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PercentageOfCapitalHeld" xlink:to="UGP_PercentageOfCapitalHeld_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PercentageOfCapitalHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">% of capital held</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssociatesTable" xlink:label="UGP_SummaryOfAssociatesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssociatesTable" xlink:to="UGP_SummaryOfAssociatesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssociatesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAssociatesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfAssociatesLineItems" xlink:label="UGP_SummaryOfAssociatesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssociatesLineItems" xlink:to="UGP_SummaryOfAssociatesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssociatesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfAssociatesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesInAssociates" xlink:to="UGP_InvestmentsInSubsidiariesInAssociates_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesInAssociates_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Associates, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CapitalIncreaseInAssociates" xlink:label="UGP_CapitalIncreaseInAssociates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CapitalIncreaseInAssociates" xlink:to="UGP_CapitalIncreaseInAssociates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CapitalIncreaseInAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital increase</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareOfProfitLossOfAssociates" xlink:label="UGP_ShareOfProfitLossOfAssociates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOfProfitLossOfAssociates" xlink:to="UGP_ShareOfProfitLossOfAssociates_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOfProfitLossOfAssociates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesInAssociates" xlink:to="UGP_InvestmentsInSubsidiariesInAssociates_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesInAssociates_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Associates, ending</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="ifrs-full_OtherOperatingIncomeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherOperatingIncomeExpense" xlink:to="ifrs-full_OtherOperatingIncomeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherOperatingIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Costs, operating expenses and income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharesOrUnitsHeld" xlink:label="UGP_SharesOrUnitsHeld" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesOrUnitsHeld" xlink:to="UGP_SharesOrUnitsHeld_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesOrUnitsHeld_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares or units held</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:label="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:to="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">% of capital held</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPropertyPlantAndEquipmentTable" xlink:label="UGP_SummaryOfPropertyPlantAndEquipmentTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPropertyPlantAndEquipmentTable" xlink:to="UGP_SummaryOfPropertyPlantAndEquipmentTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPropertyPlantAndEquipmentTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPropertyPlantAndEquipmentTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfPropertyPlantAndEquipmentLineItems" xlink:label="UGP_SummaryOfPropertyPlantAndEquipmentLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPropertyPlantAndEquipmentLineItems" xlink:to="UGP_SummaryOfPropertyPlantAndEquipmentLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPropertyPlantAndEquipmentLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PropertyPlantEquipmentWeightedAverageUsefulLife" xlink:label="UGP_PropertyPlantEquipmentWeightedAverageUsefulLife" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PropertyPlantEquipmentWeightedAverageUsefulLife" xlink:to="UGP_PropertyPlantEquipmentWeightedAverageUsefulLife_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PropertyPlantEquipmentWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average useful life, property, plant, and equipment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, beginning</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, additions</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, depreciation</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, transfer</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, write-offs and disposals</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" xlink:label="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" xlink:to="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, effect of foreign currency exchange rate variation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa" xlink:label="UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa" xlink:to="UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, opening balance CBLSA</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment_4_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Property, plant, and equipment, ending</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfIntangibleAssetsTable" xlink:label="UGP_SummaryOfIntangibleAssetsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfIntangibleAssetsTable" xlink:to="UGP_SummaryOfIntangibleAssetsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfIntangibleAssetsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfIntangibleAssetsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfIntangibleAssetsLineItems" xlink:label="UGP_SummaryOfIntangibleAssetsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfIntangibleAssetsLineItems" xlink:to="UGP_SummaryOfIntangibleAssetsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfIntangibleAssetsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfIntangibleAssetsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets and goodwill [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsWeightedAverageUsefulLife" xlink:label="UGP_IntangibleAssetsWeightedAverageUsefulLife" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsWeightedAverageUsefulLife" xlink:to="UGP_IntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsWeightedAverageUsefulLife_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average useful life intangible assets</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Intangible assets, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsAdditions" xlink:label="UGP_IntangibleAssetsAdditions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsAdditions" xlink:to="UGP_IntangibleAssetsAdditions_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsAdditions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, additions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsAmortization" xlink:label="UGP_IntangibleAssetsAmortization" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsAmortization" xlink:to="UGP_IntangibleAssetsAmortization_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, amortization</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsTransfer" xlink:label="UGP_IntangibleAssetsTransfer" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsTransfer" xlink:to="UGP_IntangibleAssetsTransfer_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsTransfer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, transfer</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsWriteoffsAndDisposals" xlink:label="UGP_IntangibleAssetsWriteoffsAndDisposals" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsWriteoffsAndDisposals" xlink:to="UGP_IntangibleAssetsWriteoffsAndDisposals_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsWriteoffsAndDisposals_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, write-offs and disposals</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" xlink:label="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" xlink:to="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, effect of foreign currency exchange rate variation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA" xlink:label="UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA" xlink:to="UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Opening balance CBLSA</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Intangible assets, ending balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SegmentsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AcquisitionsThroughBusinessCombinationsGoodwill" xlink:label="UGP_AcquisitionsThroughBusinessCombinationsGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionsThroughBusinessCombinationsGoodwill" xlink:to="UGP_AcquisitionsThroughBusinessCombinationsGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionsThroughBusinessCombinationsGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GoodwillAcquisitionSegment" xlink:label="UGP_GoodwillAcquisitionSegment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GoodwillAcquisitionSegment" xlink:to="UGP_GoodwillAcquisitionSegment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GoodwillAcquisitionSegment_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Segment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntangibleAssetsDetails2Abstract" xlink:label="UGP_IntangibleAssetsDetails2Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsDetails2Abstract" xlink:to="UGP_IntangibleAssetsDetails2Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsDetails2Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets Details 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:label="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:to="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories and cost of products and services sold</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SellingAndMarketingAmortisation" xlink:label="UGP_SellingAndMarketingAmortisation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SellingAndMarketingAmortisation" xlink:to="UGP_SellingAndMarketingAmortisation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SellingAndMarketingAmortisation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Selling and marketing</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GeneralAndAdministrativeAmortisation" xlink:label="UGP_GeneralAndAdministrativeAmortisation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GeneralAndAdministrativeAmortisation" xlink:to="UGP_GeneralAndAdministrativeAmortisation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GeneralAndAdministrativeAmortisation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AmortisationExpense" xlink:label="ifrs-full_AmortisationExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationExpense" xlink:to="ifrs-full_AmortisationExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AmortisationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total, amortization</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfLoansDebenturesAndFinanceLeasesTable" xlink:label="UGP_SummaryOfLoansDebenturesAndFinanceLeasesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfLoansDebenturesAndFinanceLeasesTable" xlink:to="UGP_SummaryOfLoansDebenturesAndFinanceLeasesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfLoansDebenturesAndFinanceLeasesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfLoansDebenturesAndFinanceLeasesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems" xlink:label="UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems" xlink:to="UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanDescription" xlink:label="UGP_LoanDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanDescription" xlink:to="UGP_LoanDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignCurrencyDenominatedLoans" xlink:label="UGP_ForeignCurrencyDenominatedLoans" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignCurrencyDenominatedLoans" xlink:to="UGP_ForeignCurrencyDenominatedLoans_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignCurrencyDenominatedLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign currency - denominated loans</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BrazilianRealDenominatedLoans" xlink:label="UGP_BrazilianRealDenominatedLoans" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BrazilianRealDenominatedLoans" xlink:to="UGP_BrazilianRealDenominatedLoans_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BrazilianRealDenominatedLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Brazilian Real - denominated loans</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TotalForeignCurrencyAndBrazilianReais" xlink:label="UGP_TotalForeignCurrencyAndBrazilianReais" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalForeignCurrencyAndBrazilianReais" xlink:to="UGP_TotalForeignCurrencyAndBrazilianReais_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalForeignCurrencyAndBrazilianReais_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total foreign currency and Brazilian Reais</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencyInterestRateHedgingInstruments" xlink:label="UGP_CurrencyInterestRateHedgingInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyInterestRateHedgingInstruments" xlink:to="UGP_CurrencyInterestRateHedgingInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyInterestRateHedgingInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanDebt" xlink:label="UGP_LoanDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanDebt" xlink:to="UGP_LoanDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrentDebt" xlink:label="UGP_CurrentDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentDebt" xlink:to="UGP_CurrentDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncurrentDebt" xlink:label="UGP_NoncurrentDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentDebt" xlink:to="UGP_NoncurrentDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanIndexCurrency" xlink:label="UGP_LoanIndexCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanIndexCurrency" xlink:to="UGP_LoanIndexCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanIndexCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Index/Currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WeightedAverageFinancialChargesLoans" xlink:label="UGP_WeightedAverageFinancialChargesLoans" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageFinancialChargesLoans" xlink:to="UGP_WeightedAverageFinancialChargesLoans_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageFinancialChargesLoans_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average financial charges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanMaturityDate" xlink:label="UGP_LoanMaturityDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanMaturityDate" xlink:to="UGP_LoanMaturityDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract" xlink:label="UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract" xlink:to="UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Debentures And Finance Leases Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansDebenturesAndFinanceLeases" xlink:label="UGP_LoansDebenturesAndFinanceLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeases" xlink:to="UGP_LoansDebenturesAndFinanceLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Loans, debentures and finance leases, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionsLoansAndDebenturesWithCashEffect" xlink:label="UGP_AdditionsLoansAndDebenturesWithCashEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsLoansAndDebenturesWithCashEffect" xlink:to="UGP_AdditionsLoansAndDebenturesWithCashEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsLoansAndDebenturesWithCashEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New loans and debentures with cash effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoandsAndDebenturesInterestAccrued" xlink:label="UGP_LoandsAndDebenturesInterestAccrued" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoandsAndDebenturesInterestAccrued" xlink:to="UGP_LoandsAndDebenturesInterestAccrued_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoandsAndDebenturesInterestAccrued_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest accrued</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PrincipalPaymentAndFinancialLeases" xlink:label="UGP_PrincipalPaymentAndFinancialLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrincipalPaymentAndFinancialLeases" xlink:to="UGP_PrincipalPaymentAndFinancialLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrincipalPaymentAndFinancialLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal payment and financial leases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansAndDebenturesInterestPayment" xlink:label="UGP_LoansAndDebenturesInterestPayment" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesInterestPayment" xlink:to="UGP_LoansAndDebenturesInterestPayment_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesInterestPayment_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest payment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansAndDebenturesMonetaryVariation" xlink:label="UGP_LoansAndDebenturesMonetaryVariation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesMonetaryVariation" xlink:to="UGP_LoansAndDebenturesMonetaryVariation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesMonetaryVariation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Monetary variation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansAndDebenturesChangeInFairValue" xlink:label="UGP_LoansAndDebenturesChangeInFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesChangeInFairValue" xlink:to="UGP_LoansAndDebenturesChangeInFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesChangeInFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeases" xlink:to="UGP_LoansDebenturesAndFinanceLeases_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeases_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Loans, debentures and finance leases, ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentDebt" xlink:to="UGP_NoncurrentDebt_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentDebt_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long term consolidated debt</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfLoansTable" xlink:label="UGP_SummaryOfLoansTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfLoansTable" xlink:to="UGP_SummaryOfLoansTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfLoansTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfLoansTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfLoansLineItems" xlink:label="UGP_SummaryOfLoansLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfLoansLineItems" xlink:to="UGP_SummaryOfLoansLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfLoansLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfLoansLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanAxis" xlink:to="UGP_ForeignLoanAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">ForeignLoanAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanMaturityDate" xlink:label="UGP_ForeignLoanMaturityDate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanMaturityDate" xlink:to="UGP_ForeignLoanMaturityDate_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanMaturityDate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan maturity, date</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignLoanMaturityAmount" xlink:label="UGP_ForeignLoanMaturityAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanMaturityAmount" xlink:to="UGP_ForeignLoanMaturityAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanMaturityAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan maturity, amount</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AverageCostInPercentageOfCdi" xlink:label="UGP_AverageCostInPercentageOfCdi" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AverageCostInPercentageOfCdi" xlink:to="UGP_AverageCostInPercentageOfCdi_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AverageCostInPercentageOfCdi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost in percentage of CDI</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_MaturityAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanMaturityBancoDeBrasil" xlink:label="UGP_LoanMaturityBancoDeBrasil" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanMaturityBancoDeBrasil" xlink:to="UGP_LoanMaturityBancoDeBrasil_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanMaturityBancoDeBrasil_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan maturity, Banco de Brasil</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_Debentures" xlink:label="UGP_Debentures" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Debentures" xlink:to="UGP_Debentures_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Debentures_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debentures</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureAxis" xlink:to="UGP_DebentureAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">DebentureAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureFaceValue" xlink:label="UGP_DebentureFaceValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFaceValue" xlink:to="UGP_DebentureFaceValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFaceValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Face value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureFinalMaturity" xlink:label="UGP_DebentureFinalMaturity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFinalMaturity" xlink:to="UGP_DebentureFinalMaturity_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFinalMaturity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Final maturity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebenturePaymentOfFaceValueDescription" xlink:label="UGP_DebenturePaymentOfFaceValueDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturePaymentOfFaceValueDescription" xlink:to="UGP_DebenturePaymentOfFaceValueDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturePaymentOfFaceValueDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment of the face value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureInterestDescription" xlink:label="UGP_DebentureInterestDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureInterestDescription" xlink:to="UGP_DebentureInterestDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureInterestDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebenturePaymentOfInterestDescription" xlink:label="UGP_DebenturePaymentOfInterestDescription" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturePaymentOfInterestDescription" xlink:to="UGP_DebenturePaymentOfInterestDescription_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturePaymentOfInterestDescription_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment of interest</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebentureReprice" xlink:label="UGP_DebentureReprice" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureReprice" xlink:to="UGP_DebentureReprice_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureReprice_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reprice</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinanceLeaseLiabilitiesAxis" xlink:to="UGP_FinanceLeaseLiabilitiesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinanceLeaseLiabilitiesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FinanceLeaseLiabilitiesAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" xlink:label="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" xlink:to="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equipment and intangible assets, net of depreciation and amortization</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancingPresentValue" xlink:label="UGP_FinancingPresentValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancingPresentValue" xlink:to="UGP_FinancingPresentValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancingPresentValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing (present value)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_CurrentFinanceLeaseLiabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_NoncurrentFinanceLeaseLiabilities_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FutureDisbursementsInstallmentsFinanceLeases" xlink:label="UGP_FutureDisbursementsInstallmentsFinanceLeases" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FutureDisbursementsInstallmentsFinanceLeases" xlink:to="UGP_FutureDisbursementsInstallmentsFinanceLeases_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FutureDisbursementsInstallmentsFinanceLeases_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future disbursements</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EffectiveRateOfTransactionCosts" xlink:label="UGP_EffectiveRateOfTransactionCosts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectiveRateOfTransactionCosts" xlink:to="UGP_EffectiveRateOfTransactionCosts_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectiveRateOfTransactionCosts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective rate of transaction costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TransactionCostsFinancialInstruments" xlink:label="UGP_TransactionCostsFinancialInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransactionCostsFinancialInstruments" xlink:to="UGP_TransactionCostsFinancialInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransactionCostsFinancialInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Transaction costs, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncurredTransactionCost" xlink:label="UGP_IncurredTransactionCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncurredTransactionCost" xlink:to="UGP_IncurredTransactionCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncurredTransactionCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incurred cost</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TransactionCostAmortization" xlink:label="UGP_TransactionCostAmortization" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransactionCostAmortization" xlink:to="UGP_TransactionCostAmortization_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransactionCostAmortization_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransactionCostsFinancialInstruments" xlink:to="UGP_TransactionCostsFinancialInstruments_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransactionCostsFinancialInstruments_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Transaction costs, ending</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AmountAppropriatedToProfitOrLossInFuture" xlink:label="UGP_AmountAppropriatedToProfitOrLossInFuture" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AmountAppropriatedToProfitOrLossInFuture" xlink:to="UGP_AmountAppropriatedToProfitOrLossInFuture_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AmountAppropriatedToProfitOrLossInFuture_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount appropriated to profit or loss in the future</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract" xlink:label="UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract" xlink:to="UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Debentures And Finance Leases Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancingCollateral" xlink:label="UGP_FinancingCollateral" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancingCollateral" xlink:to="UGP_FinancingCollateral_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancingCollateral_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing collateral</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PromissoryNotesGuarantees" xlink:label="UGP_PromissoryNotesGuarantees" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PromissoryNotesGuarantees" xlink:to="UGP_PromissoryNotesGuarantees_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PromissoryNotesGuarantees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Promissory notes guarantees</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LettersOfCreditForCommercialAndLegalProceedings" xlink:label="UGP_LettersOfCreditForCommercialAndLegalProceedings" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LettersOfCreditForCommercialAndLegalProceedings" xlink:to="UGP_LettersOfCreditForCommercialAndLegalProceedings_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LettersOfCreditForCommercialAndLegalProceedings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of credit for commercial and legal proceedings</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RawMaterialGuarantees" xlink:label="UGP_RawMaterialGuarantees" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RawMaterialGuarantees" xlink:to="UGP_RawMaterialGuarantees_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RawMaterialGuarantees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raw material guarantees</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals" xlink:label="UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals" xlink:to="UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum amount of future payments related to these collaterals</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue" xlink:label="ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue" xlink:to="ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of collaterals recognized in current liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradePayablesTable" xlink:label="UGP_SummaryOfTradePayablesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradePayablesTable" xlink:to="UGP_SummaryOfTradePayablesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradePayablesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTradePayablesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTradePayablesLineItems" xlink:label="UGP_SummaryOfTradePayablesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradePayablesLineItems" xlink:to="UGP_SummaryOfTradePayablesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradePayablesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTradePayablesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradePayablesAxis" xlink:to="UGP_TradePayablesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradePayablesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">TradePayablesAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSalariesAndRelatedChargesTable" xlink:label="UGP_SummaryOfSalariesAndRelatedChargesTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSalariesAndRelatedChargesTable" xlink:to="UGP_SummaryOfSalariesAndRelatedChargesTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSalariesAndRelatedChargesTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSalariesAndRelatedChargesTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSalariesAndRelatedChargesLineItems" xlink:label="UGP_SummaryOfSalariesAndRelatedChargesLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSalariesAndRelatedChargesLineItems" xlink:to="UGP_SummaryOfSalariesAndRelatedChargesLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSalariesAndRelatedChargesLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalariesAndRelatedChargesAxis" xlink:to="UGP_SalariesAndRelatedChargesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalariesAndRelatedChargesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">SalariesAndRelatedChargesAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTaxesPayableTable" xlink:label="UGP_SummaryOfTaxesPayableTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxesPayableTable" xlink:to="UGP_SummaryOfTaxesPayableTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxesPayableTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTaxesPayableTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfTaxesPayableLineItems" xlink:label="UGP_SummaryOfTaxesPayableLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxesPayableLineItems" xlink:to="UGP_SummaryOfTaxesPayableLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxesPayableLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfTaxesPayableLineItems [Line Items]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEmployeeBenefitsTable" xlink:label="UGP_SummaryOfEmployeeBenefitsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEmployeeBenefitsTable" xlink:to="UGP_SummaryOfEmployeeBenefitsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEmployeeBenefitsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfEmployeeBenefitsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEmployeeBenefitsLineItems" xlink:label="UGP_SummaryOfEmployeeBenefitsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEmployeeBenefitsLineItems" xlink:to="UGP_SummaryOfEmployeeBenefitsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEmployeeBenefitsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfEmployeeBenefitsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PostEmploymentBenefitsAxis" xlink:to="UGP_PostEmploymentBenefitsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PostEmploymentBenefitsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PostEmploymentBenefitsAxis [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ProvisionsForEmployeeBenefits" xlink:label="ifrs-full_ProvisionsForEmployeeBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsForEmployeeBenefits" xlink:to="ifrs-full_ProvisionsForEmployeeBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProvisionsForEmployeeBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_CurrentProvisionsForEmployeeBenefits_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract" xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract" xlink:to="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Benefits And Private Pension Plan Details 1</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsForEmployeeBenefits" xlink:to="ifrs-full_ProvisionsForEmployeeBenefits_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProvisionsForEmployeeBenefits_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Provision for post-employment benefits, opening</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeetBenefitsCurrentServiceCost" xlink:label="UGP_EmployeetBenefitsCurrentServiceCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeetBenefitsCurrentServiceCost" xlink:to="UGP_EmployeetBenefitsCurrentServiceCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeetBenefitsCurrentServiceCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current service cost</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsInterestCost" xlink:label="UGP_EmployeeBenefitsInterestCost" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsInterestCost" xlink:to="UGP_EmployeeBenefitsInterestCost_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsInterestCost_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest cost</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" xlink:label="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" xlink:to="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Actuarial (gains) losses from changes in actuarial assumptions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" xlink:label="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" xlink:to="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Benefits paid directly by Company and its subsidiaries</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitPlansOpeningBalanceCBLSA" xlink:label="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA" xlink:to="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Opening balance CBL S.A. (see Note 3.c)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:label="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:to="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange rate from foreign subsidiaries</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsForEmployeeBenefits" xlink:to="ifrs-full_ProvisionsForEmployeeBenefits_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProvisionsForEmployeeBenefits_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Provision for post-employment benefits, ending</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="ifrs-full_EmployeeBenefitsExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EmployeeBenefitsExpense" xlink:to="ifrs-full_EmployeeBenefitsExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefit expense</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract" xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract" xlink:to="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Benefits And Private Pension Plan Details 3</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount rate for the actuarial obligation at present value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AverageProjectedSalaryGrowthRate" xlink:label="UGP_AverageProjectedSalaryGrowthRate" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AverageProjectedSalaryGrowthRate" xlink:to="UGP_AverageProjectedSalaryGrowthRate_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AverageProjectedSalaryGrowthRate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average projected salary growth rate</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InflationRateLongTerm" xlink:label="UGP_InflationRateLongTerm" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InflationRateLongTerm" xlink:to="UGP_InflationRateLongTerm_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InflationRateLongTerm_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inflation rate (long term)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GrowthRateOfMedicalServices" xlink:label="UGP_GrowthRateOfMedicalServices" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrowthRateOfMedicalServices" xlink:to="UGP_GrowthRateOfMedicalServices_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrowthRateOfMedicalServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Growth rate of medical services</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsAxis" xlink:to="ifrs-full_ActuarialAssumptionsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ActuarialAssumptionsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ChangesInAssumptionDecreaseInLiability" xlink:label="UGP_ChangesInAssumptionDecreaseInLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInAssumptionDecreaseInLiability" xlink:to="UGP_ChangesInAssumptionDecreaseInLiability_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInAssumptionDecreaseInLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in assumption, decrease in liability</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialAssumptionsDecreaseInLiability" xlink:label="UGP_ActuarialAssumptionsDecreaseInLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialAssumptionsDecreaseInLiability" xlink:to="UGP_ActuarialAssumptionsDecreaseInLiability_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialAssumptionsDecreaseInLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease in liability</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ChangeInAssumptionsIncreaseInLiability" xlink:label="UGP_ChangeInAssumptionsIncreaseInLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangeInAssumptionsIncreaseInLiability" xlink:to="UGP_ChangeInAssumptionsIncreaseInLiability_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangeInAssumptionsIncreaseInLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in assumptions, increase in liability</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialAssumptionIncreaseInLiability" xlink:label="UGP_ActuarialAssumptionIncreaseInLiability" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialAssumptionIncreaseInLiability" xlink:to="UGP_ActuarialAssumptionIncreaseInLiability_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialAssumptionIncreaseInLiability_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase in liability</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract" xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract" xlink:to="UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Benefits And Private Pension Plan Details Narrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contribution to Ultraprev</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract" xlink:label="UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract" xlink:to="UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision For Asset Retirement Obligation - Fuel Tanks Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionAssetRetirementObligation" xlink:label="UGP_ProvisionAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligation" xlink:to="UGP_ProvisionAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Initial balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionProvisionAssetRetirementObligation" xlink:label="UGP_AdditionProvisionAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionProvisionAssetRetirementObligation" xlink:to="UGP_AdditionProvisionAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionProvisionAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions (new tanks)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionAssetRetirementObligationExpense" xlink:label="UGP_ProvisionAssetRetirementObligationExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligationExpense" xlink:to="UGP_ProvisionAssetRetirementObligationExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense with tanks removed</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionAssetRetirementObligationAccretionExpense" xlink:label="UGP_ProvisionAssetRetirementObligationAccretionExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligationAccretionExpense" xlink:to="UGP_ProvisionAssetRetirementObligationAccretionExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligationAccretionExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accretion expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligation" xlink:to="UGP_ProvisionAssetRetirementObligation_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligation_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Final balance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionAssetRetirementObligation" xlink:to="UGP_CurrentProvisionAssetRetirementObligation_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionAssetRetirementObligation_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NoncurrentProvisionAssetRetirementObligation" xlink:label="UGP_NoncurrentProvisionAssetRetirementObligation" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentProvisionAssetRetirementObligation" xlink:to="UGP_NoncurrentProvisionAssetRetirementObligation_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentProvisionAssetRetirementObligation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncurrent</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfProvisionsTable" xlink:label="UGP_SummaryOfProvisionsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionsTable" xlink:to="UGP_SummaryOfProvisionsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfProvisionsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfProvisionsLineItems" xlink:label="UGP_SummaryOfProvisionsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionsLineItems" xlink:to="UGP_SummaryOfProvisionsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfProvisionsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ClassesOfProvisionsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_ProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Provisions by nature, beginning</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionsToProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_AdditionsToProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsToProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_AdditionsToProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsToProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Write-offs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks" xlink:label="UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Monetary restatement</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionsByNatureOpeningBalanceCBLSA" xlink:label="UGP_ProvisionsByNatureOpeningBalanceCBLSA" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionsByNatureOpeningBalanceCBLSA" xlink:to="UGP_ProvisionsByNatureOpeningBalanceCBLSA_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionsByNatureOpeningBalanceCBLSA_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Opening balance CBL S.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_ProvisionForTaxCivilAndLaborRisks_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForTaxCivilAndLaborRisks_3_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Provisions by nature, ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_CurrentProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEscrowDepositsTable" xlink:label="UGP_SummaryOfEscrowDepositsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEscrowDepositsTable" xlink:to="UGP_SummaryOfEscrowDepositsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEscrowDepositsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfEscrowDepositsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfEscrowDepositsLineItems" xlink:label="UGP_SummaryOfEscrowDepositsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEscrowDepositsLineItems" xlink:to="UGP_SummaryOfEscrowDepositsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEscrowDepositsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfEscrowDepositsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EscrowDepositsAxis" xlink:to="UGP_EscrowDepositsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EscrowDepositsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">EscrowDepositsAxis [Axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermDeposits" xlink:to="ifrs-full_LongtermDeposits_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LongtermDeposits_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total non-current assets</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract" xlink:label="UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract" xlink:to="UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision Contingencies And Commitments Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EscrowDepositsMadeUnderPreliminaryInjunction" xlink:label="UGP_EscrowDepositsMadeUnderPreliminaryInjunction" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EscrowDepositsMadeUnderPreliminaryInjunction" xlink:to="UGP_EscrowDepositsMadeUnderPreliminaryInjunction_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EscrowDepositsMadeUnderPreliminaryInjunction_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Escrow deposits made under preliminary injunction</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:label="UGP_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionsForLawsuitsAndAdministrativeProceedings" xlink:to="UGP_ProvisionsForLawsuitsAndAdministrativeProceedings_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionsForLawsuitsAndAdministrativeProceedings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions for lawsuits and administrative proceedings</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:label="UGP_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionsForLaborLitigationFiledByFormerEmployees" xlink:to="UGP_ProvisionsForLaborLitigationFiledByFormerEmployees_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionsForLaborLitigationFiledByFormerEmployees_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provisions for labor litigation filed by former employees</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PossibleContingency" xlink:label="UGP_PossibleContingency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PossibleContingency" xlink:to="UGP_PossibleContingency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PossibleContingency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Possible contingency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:label="UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity" xlink:to="UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent liabilities for tax matters and social security</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IPIContingency" xlink:label="UGP_IPIContingency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IPIContingency" xlink:to="UGP_IPIContingency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IPIContingency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IPI contingency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LegalProceedingsRelatedToICMS" xlink:label="UGP_LegalProceedingsRelatedToICMS" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LegalProceedingsRelatedToICMS" xlink:to="UGP_LegalProceedingsRelatedToICMS_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LegalProceedingsRelatedToICMS_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal proceedings related to ICMS</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ICMSCredits" xlink:label="UGP_ICMSCredits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ICMSCredits" xlink:to="UGP_ICMSCredits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ICMSCredits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICMS credits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OffsetClaimsAndCreditDisallowances" xlink:label="UGP_OffsetClaimsAndCreditDisallowances" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OffsetClaimsAndCreditDisallowances" xlink:to="UGP_OffsetClaimsAndCreditDisallowances_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OffsetClaimsAndCreditDisallowances_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Offset claims and credit disallowances</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" xlink:label="UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims" xlink:to="UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent liabilities for civil, environmental and regulatory claims</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PenaltyOnUltragaz" xlink:label="UGP_PenaltyOnUltragaz" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PenaltyOnUltragaz" xlink:to="UGP_PenaltyOnUltragaz_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PenaltyOnUltragaz_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Penalty on Ultragaz</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ContingentLiabilitiesForLaborMatters" xlink:label="UGP_ContingentLiabilitiesForLaborMatters" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ContingentLiabilitiesForLaborMatters" xlink:to="UGP_ContingentLiabilitiesForLaborMatters_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ContingentLiabilitiesForLaborMatters_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent liabilities for labor matters</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDeferredRevenueTable" xlink:label="UGP_SummaryOfDeferredRevenueTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredRevenueTable" xlink:to="UGP_SummaryOfDeferredRevenueTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredRevenueTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfDeferredRevenueTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfDeferredRevenueLineItems" xlink:label="UGP_SummaryOfDeferredRevenueLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredRevenueLineItems" xlink:to="UGP_SummaryOfDeferredRevenueLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredRevenueLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfDeferredRevenueLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredRevenueAxis" xlink:to="UGP_DeferredRevenueAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredRevenueAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">DeferredRevenueAxis [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DeferredIncome" xlink:label="ifrs-full_DeferredIncome" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredIncome" xlink:to="ifrs-full_DeferredIncome_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DeferredIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeCurrent" xlink:to="UGP_DeferredIncomeCurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeCurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeNoncurrent" xlink:to="UGP_DeferredIncomeNoncurrent_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeNoncurrent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract" xlink:label="UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract" xlink:to="UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subscription Warrants - Indemnification Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscriptionWarrantsShares" xlink:label="UGP_SubscriptionWarrantsShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsShares" xlink:to="UGP_SubscriptionWarrantsShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subscription warrants, shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrants" xlink:to="UGP_SubscriptionWarrants_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrants_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subscription warrants - indemnification</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:label="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:to="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum number of shares available for issue - subscription warrants</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfShareholdersEquityTable" xlink:label="UGP_SummaryOfShareholdersEquityTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfShareholdersEquityTable" xlink:to="UGP_SummaryOfShareholdersEquityTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfShareholdersEquityTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfShareholdersEquityTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfShareholdersEquityLineItems" xlink:label="UGP_SummaryOfShareholdersEquityLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfShareholdersEquityLineItems" xlink:to="UGP_SummaryOfShareholdersEquityLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfShareholdersEquityLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfShareholdersEquityLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OtherComprehensiveIncomeOfTheCompany" xlink:label="UGP_OtherComprehensiveIncomeOfTheCompany" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherComprehensiveIncomeOfTheCompany" xlink:to="UGP_OtherComprehensiveIncomeOfTheCompany_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherComprehensiveIncomeOfTheCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" xlink:label="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" xlink:to="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ChangesInFairValue" xlink:label="UGP_ChangesInFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInFairValue" xlink:to="UGP_ChangesInFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DifferenceFairValueOfConsiderationReceivedOrPaid" xlink:label="UGP_DifferenceFairValueOfConsiderationReceivedOrPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DifferenceFairValueOfConsiderationReceivedOrPaid" xlink:to="UGP_DifferenceFairValueOfConsiderationReceivedOrPaid_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DifferenceFairValueOfConsiderationReceivedOrPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesOnFairValue" xlink:label="UGP_IncomeAndSocialContributionTaxesOnFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnFairValue" xlink:to="UGP_IncomeAndSocialContributionTaxesOnFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ActuarialLossesOfPostemploymentBenefits" xlink:label="UGP_ActuarialLossesOfPostemploymentBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialLossesOfPostemploymentBenefits" xlink:to="UGP_ActuarialLossesOfPostemploymentBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialLossesOfPostemploymentBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Actuarial gains (losses) of post-employment benefits</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeAndSocialContributionTaxesOnActuarialLosses" xlink:label="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses" xlink:to="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on actuarial losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherComprehensiveIncomeOfTheCompany" xlink:to="UGP_OtherComprehensiveIncomeOfTheCompany_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherComprehensiveIncomeOfTheCompany_2_lbl" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityDetailsAbstract" xlink:label="UGP_ShareholdersEquityDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityDetailsAbstract" xlink:to="UGP_ShareholdersEquityDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders Equity Details 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetIncomeForYearAfterLegalReserve" xlink:label="UGP_NetIncomeForYearAfterLegalReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetIncomeForYearAfterLegalReserve" xlink:to="UGP_NetIncomeForYearAfterLegalReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetIncomeForYearAfterLegalReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year after legal reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MinimumMandatoryDividends" xlink:label="UGP_MinimumMandatoryDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MinimumMandatoryDividends" xlink:to="UGP_MinimumMandatoryDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MinimumMandatoryDividends_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Minimum mandatory dividends</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterimDividendsPaid" xlink:label="UGP_InterimDividendsPaid" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividendsPaid" xlink:to="UGP_InterimDividendsPaid_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividendsPaid_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interim dividends paid</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MandatoryDividendsPayable" xlink:label="UGP_MandatoryDividendsPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MandatoryDividendsPayable" xlink:to="UGP_MandatoryDividendsPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MandatoryDividendsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandatory dividends payable &#x2013; Current liabilities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionalDividendsToMinimumMandatoryDividends" xlink:label="UGP_AdditionalDividendsToMinimumMandatoryDividends" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsToMinimumMandatoryDividends" xlink:to="UGP_AdditionalDividendsToMinimumMandatoryDividends_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionalDividendsToMinimumMandatoryDividends_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional dividends to the minimum mandatory dividends &#x2013; shareholders&#x2019; equity</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterimDividendPayable" xlink:label="UGP_InterimDividendPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividendPayable" xlink:to="UGP_InterimDividendPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividendPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LegalReserves" xlink:label="UGP_LegalReserves" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LegalReserves" xlink:to="UGP_LegalReserves_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LegalReserves_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Legal reserve</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_StatutoryInvestmentsReserve" xlink:to="UGP_StatutoryInvestmentsReserve_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_StatutoryInvestmentsReserve_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statutory investments reserve</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityDetailsNarrativeAbstract" xlink:label="UGP_ShareholdersEquityDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityDetailsNarrativeAbstract" xlink:to="UGP_ShareholdersEquityDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders Equity Details Narrative</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscribedAndPaidInCapitalStock" xlink:label="UGP_SubscribedAndPaidInCapitalStock" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscribedAndPaidInCapitalStock" xlink:to="UGP_SubscribedAndPaidInCapitalStock_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscribedAndPaidInCapitalStock_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subscribed and paid-in capital stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="dei_EntityCommonStockSharesOutstanding_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common shares outstanding</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SharesHeldInTreasury" xlink:label="UGP_SharesHeldInTreasury" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesHeldInTreasury" xlink:to="UGP_SharesHeldInTreasury_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesHeldInTreasury_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares held in treasury</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RetentionOfProfitsAndInvestmentsReserve" xlink:label="UGP_RetentionOfProfitsAndInvestmentsReserve" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RetentionOfProfitsAndInvestmentsReserve" xlink:to="UGP_RetentionOfProfitsAndInvestmentsReserve_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RetentionOfProfitsAndInvestmentsReserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retention of profits and investments reserve</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DividendsPayable" xlink:label="ifrs-full_DividendsPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPayable" xlink:to="ifrs-full_DividendsPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DividendsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proposed dividends payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetRevenueFromSaleAndServicesDetailsAbstract" xlink:label="UGP_NetRevenueFromSaleAndServicesDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetRevenueFromSaleAndServicesDetailsAbstract" xlink:to="UGP_NetRevenueFromSaleAndServicesDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetRevenueFromSaleAndServicesDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Revenue From Sale And Services Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GrossRevenueFromSale" xlink:label="UGP_GrossRevenueFromSale" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossRevenueFromSale" xlink:to="UGP_GrossRevenueFromSale_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossRevenueFromSale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross revenue from sale</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GrossRevenueFromServices" xlink:label="UGP_GrossRevenueFromServices" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossRevenueFromServices" xlink:to="UGP_GrossRevenueFromServices_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossRevenueFromServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross revenue from services</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SalesTaxes" xlink:label="UGP_SalesTaxes" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalesTaxes" xlink:to="UGP_SalesTaxes_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalesTaxes_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SalesDiscountsAndReturns" xlink:label="UGP_SalesDiscountsAndReturns" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalesDiscountsAndReturns" xlink:to="UGP_SalesDiscountsAndReturns_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalesDiscountsAndReturns_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discounts and sales returns</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RevenueDeferred" xlink:label="UGP_RevenueDeferred" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RevenueDeferred" xlink:to="UGP_RevenueDeferred_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RevenueDeferred_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExpensesByNatureDetailsAbstract" xlink:label="UGP_ExpensesByNatureDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpensesByNatureDetailsAbstract" xlink:to="UGP_ExpensesByNatureDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpensesByNatureDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses By Nature Details</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RawMaterialsAndConsumablesUsed" xlink:label="ifrs-full_RawMaterialsAndConsumablesUsed" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RawMaterialsAndConsumablesUsed" xlink:to="ifrs-full_RawMaterialsAndConsumablesUsed_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RawMaterialsAndConsumablesUsed_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raw materials and materials for use and consumption</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Personnel expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FreightAndStorageExpense" xlink:label="UGP_FreightAndStorageExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FreightAndStorageExpense" xlink:to="UGP_FreightAndStorageExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FreightAndStorageExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Freight and storage</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdvertisingAndMarketingExpense" xlink:label="UGP_AdvertisingAndMarketingExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvertisingAndMarketingExpense" xlink:to="UGP_AdvertisingAndMarketingExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvertisingAndMarketingExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising and marketing</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ServicesReceivedRelatedPartyTransactions" xlink:label="ifrs-full_ServicesReceivedRelatedPartyTransactions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ServicesReceivedRelatedPartyTransactions" xlink:to="ifrs-full_ServicesReceivedRelatedPartyTransactions_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ServicesReceivedRelatedPartyTransactions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Services provided by third parties</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense" xlink:label="ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense" xlink:to="ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease of real estate and equipment</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_OtherExpenseByNature" xlink:label="ifrs-full_OtherExpenseByNature" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByNature" xlink:to="ifrs-full_OtherExpenseByNature_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherExpenseByNature_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other expenses</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ExpenseByNature" xlink:label="ifrs-full_ExpenseByNature" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ExpenseByNature_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total expenses by nature</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_CostOfSales_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of products and services sold</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="ifrs-full_SellingGeneralAndAdministrativeExpense_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_3_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Selling and marketing</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_AdministrativeExpense_3_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ExpenseByNature_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Expenses by nature</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExpensesByNatureDetailsNarrativeAbstract" xlink:label="UGP_ExpensesByNatureDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpensesByNatureDetailsNarrativeAbstract" xlink:to="UGP_ExpensesByNatureDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpensesByNatureDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses By Nature Details Narrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ifrs-full_ResearchAndDevelopmentExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ResearchAndDevelopmentExpense" xlink:to="ifrs-full_ResearchAndDevelopmentExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract" xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract" xlink:to="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain Loss On Disposal Of Property Plant And Equipment And Intangibles Details Narrative</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment" xlink:to="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on disposal of property, plant, and equipment</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfOtherOperatingIncomeNetTable" xlink:label="UGP_SummaryOfOtherOperatingIncomeNetTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOtherOperatingIncomeNetTable" xlink:to="UGP_SummaryOfOtherOperatingIncomeNetTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOtherOperatingIncomeNetTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfOtherOperatingIncomeNetTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfOtherOperatingIncomeNetLineItems" xlink:label="UGP_SummaryOfOtherOperatingIncomeNetLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOtherOperatingIncomeNetLineItems" xlink:to="UGP_SummaryOfOtherOperatingIncomeNetLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOtherOperatingIncomeNetLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherOperatingIncomeNetAxis" xlink:to="UGP_OtherOperatingIncomeNetAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherOperatingIncomeNetAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">OtherOperatingIncomeNetAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialIncomeExpenseDetailsAbstract" xlink:label="UGP_FinancialIncomeExpenseDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeExpenseDetailsAbstract" xlink:to="UGP_FinancialIncomeExpenseDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeExpenseDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Income Expense Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialInvestmentsInterest" xlink:label="UGP_FinancialInvestmentsInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInterest" xlink:to="UGP_FinancialInvestmentsInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestFromCustomers" xlink:label="UGP_InterestFromCustomers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestFromCustomers" xlink:to="UGP_InterestFromCustomers_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestFromCustomers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest from customers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialIncomeOther" xlink:label="UGP_FinancialIncomeOther" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeOther" xlink:to="UGP_FinancialIncomeOther_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeOther_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial income</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoanInterest" xlink:label="UGP_LoanInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanInterest" xlink:to="UGP_LoanInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on loans</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebenturesInterest" xlink:label="UGP_DebenturesInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturesInterest" xlink:to="UGP_DebenturesInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturesInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on debentures</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinanceLeasesInterest" xlink:label="UGP_FinanceLeasesInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinanceLeasesInterest" xlink:to="UGP_FinanceLeasesInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinanceLeasesInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest on finance leases</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BankChargesFinancialTransactionsTaxAndOtherCharges" xlink:label="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges" xlink:to="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank charges, financial transactions tax, and other charges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" xlink:label="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" xlink:to="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange variation, net of gains and losses with derivative instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ReversalOfProvision" xlink:label="UGP_ReversalOfProvision" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReversalOfProvision" xlink:to="UGP_ReversalOfProvision_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReversalOfProvision_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reversal of provision &#x2013; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ChangesInSubscriptionWarranty" xlink:label="UGP_ChangesInSubscriptionWarranty" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInSubscriptionWarranty" xlink:to="UGP_ChangesInSubscriptionWarranty_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInSubscriptionWarranty_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in subscription warranty&#x2014;indemnification (see Note 22)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_TccMonetaryRestatement" xlink:label="UGP_TccMonetaryRestatement" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TccMonetaryRestatement" xlink:to="UGP_TccMonetaryRestatement_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TccMonetaryRestatement_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TCC monetary restatement &#x2013; Bahiana (see Notes 20.b.2.2 and 27)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MonetaryRestatementOfProvisions" xlink:label="UGP_MonetaryRestatementOfProvisions" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MonetaryRestatementOfProvisions" xlink:to="UGP_MonetaryRestatementOfProvisions_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MonetaryRestatementOfProvisions_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Monetary restatement of provisions, net, and other financial expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinanceCosts_2_lbl" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Financial expense</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialIncomeExpense" xlink:label="UGP_FinancialIncomeExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeExpense" xlink:to="UGP_FinancialIncomeExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial income (expense)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EarningsPerShareDetailsAbstract" xlink:label="UGP_EarningsPerShareDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EarningsPerShareDetailsAbstract" xlink:to="UGP_EarningsPerShareDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EarningsPerShareDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share Details</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income for the year of the Company</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WeightedAverageSharesBasic" xlink:label="UGP_WeightedAverageSharesBasic" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesBasic" xlink:to="UGP_WeightedAverageSharesBasic_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesBasic_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average shares outstanding - basic</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BasicEarningsLossPerShare_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings per share</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_WeightedAverageSharesDiluted" xlink:label="UGP_WeightedAverageSharesDiluted" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesDiluted" xlink:to="UGP_WeightedAverageSharesDiluted_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesDiluted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average shares outstanding - diluted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DilutedEarningsLossPerShare_3_lbl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings per share</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_EarningsPerShareDetails1Abstract" xlink:label="UGP_EarningsPerShareDetails1Abstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EarningsPerShareDetails1Abstract" xlink:to="UGP_EarningsPerShareDetails1Abstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EarningsPerShareDetails1Abstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share Details 1</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesBasic" xlink:to="UGP_WeightedAverageSharesBasic_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesBasic_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average shares outstanding for basic per share calculation:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SubscriptionWarrantsIndemnificationShares" xlink:label="UGP_SubscriptionWarrantsIndemnificationShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsIndemnificationShares" xlink:to="UGP_SubscriptionWarrantsIndemnificationShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsIndemnificationShares_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subscription warrants - indemnification</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DeferredStockPlanShares" xlink:label="UGP_DeferredStockPlanShares" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredStockPlanShares" xlink:to="UGP_DeferredStockPlanShares_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredStockPlanShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Stock Plan</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesDiluted" xlink:to="UGP_WeightedAverageSharesDiluted_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesDiluted_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average shares outstanding for diluted per share calculation</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSegmentInformationTable" xlink:label="UGP_SummaryOfSegmentInformationTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSegmentInformationTable" xlink:to="UGP_SummaryOfSegmentInformationTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSegmentInformationTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSegmentInformationTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfSegmentInformationLineItems" xlink:label="UGP_SummaryOfSegmentInformationLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSegmentInformationLineItems" xlink:to="UGP_SummaryOfSegmentInformationLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSegmentInformationLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfSegmentInformationLineItems [Line Items]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IntersegmentSales" xlink:label="UGP_IntersegmentSales" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntersegmentSales" xlink:to="UGP_IntersegmentSales_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntersegmentSales_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intersegment sales</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RevenueExcludingIntersegmentRules" xlink:label="UGP_RevenueExcludingIntersegmentRules" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RevenueExcludingIntersegmentRules" xlink:to="UGP_RevenueExcludingIntersegmentRules_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RevenueExcludingIntersegmentRules_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net revenue from sales and services, excluding intersegment rules</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherOperatingIncomeExpense" xlink:to="ifrs-full_OtherOperatingIncomeExpense_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherOperatingIncomeExpense_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating income (expense)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of joint-ventures and associates:</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:label="UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets" xlink:to="UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_RetirementsIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_RetirementsIntangibleAssetsAndGoodwill" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetirementsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_RetirementsIntangibleAssetsAndGoodwill_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_RetirementsIntangibleAssetsAndGoodwill_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset retirement obligation - fuel tanks (see Note 19)</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="ifrs-full_BorrowingCostsCapitalised" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingCostsCapitalised" xlink:to="ifrs-full_BorrowingCostsCapitalised_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized borrowing costs</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow" xlink:label="UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow" xlink:to="UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total investments in property, plant, and equipment and intangible assets (cash flow)</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="ifrs-full_DepreciationAndAmortisationExpense" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationAndAmortisationExpense" xlink:to="ifrs-full_DepreciationAndAmortisationExpense_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortization charges:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Assets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total assets (excluding intersegment account balances):</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GeographicalAreasAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedAndIntangibleAssets" xlink:label="UGP_FixedAndIntangibleAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedAndIntangibleAssets" xlink:to="UGP_FixedAndIntangibleAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedAndIntangibleAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed and intangible assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_Revenue_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RisksAndFinancialInstrumentsDetailsAbstract" xlink:label="UGP_RisksAndFinancialInstrumentsDetailsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RisksAndFinancialInstrumentsDetailsAbstract" xlink:to="UGP_RisksAndFinancialInstrumentsDetailsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RisksAndFinancialInstrumentsDetailsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks And Financial Instruments Details</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AssetsInForeignCurrencyAbstract" xlink:label="UGP_AssetsInForeignCurrencyAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AssetsInForeignCurrencyAbstract" xlink:to="UGP_AssetsInForeignCurrencyAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AssetsInForeignCurrencyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" xlink:label="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" xlink:to="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" xlink:label="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" xlink:to="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetInvestmentsInForeignSubsidiaries" xlink:label="UGP_NetInvestmentsInForeignSubsidiaries" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetInvestmentsInForeignSubsidiaries" xlink:to="UGP_NetInvestmentsInForeignSubsidiaries_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetInvestmentsInForeignSubsidiaries_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables)</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_AssetsInForeignCurrency" xlink:label="UGP_AssetsInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AssetsInForeignCurrency" xlink:to="UGP_AssetsInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AssetsInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Assets in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiabilitiesInForeignCurrencyAbstract" xlink:label="UGP_LiabilitiesInForeignCurrencyAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilitiesInForeignCurrencyAbstract" xlink:to="UGP_LiabilitiesInForeignCurrencyAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilitiesInForeignCurrencyAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancingInForeignCurrency" xlink:label="UGP_FinancingInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancingInForeignCurrency" xlink:to="UGP_FinancingInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancingInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing in foreign currency, gross of transaction costs and discount</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_PayablesArisingFromImports" xlink:label="UGP_PayablesArisingFromImports" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PayablesArisingFromImports" xlink:to="UGP_PayablesArisingFromImports_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_PayablesArisingFromImports_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables arising from imports, net of advances to foreign suppliers</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LiabilitiesInForeignCurrency" xlink:label="UGP_LiabilitiesInForeignCurrency" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilitiesInForeignCurrency" xlink:to="UGP_LiabilitiesInForeignCurrency_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilitiesInForeignCurrency_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Liabilities in foreign currency</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignCurrencyHedgingInstruments" xlink:label="UGP_ForeignCurrencyHedgingInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignCurrencyHedgingInstruments" xlink:to="UGP_ForeignCurrencyHedgingInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignCurrencyHedgingInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign currency hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetAssetLiabilityPositionTotal" xlink:label="UGP_NetAssetLiabilityPositionTotal" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionTotal" xlink:to="UGP_NetAssetLiabilityPositionTotal_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionTotal_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetAssetLiabilityPositionIncomeStatementEffect" xlink:label="UGP_NetAssetLiabilityPositionIncomeStatementEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionIncomeStatementEffect" xlink:to="UGP_NetAssetLiabilityPositionIncomeStatementEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionIncomeStatementEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Income statement effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetAssetLiabilityPositionShareholdersEquityEffect" xlink:label="UGP_NetAssetLiabilityPositionShareholdersEquityEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionShareholdersEquityEffect" xlink:to="UGP_NetAssetLiabilityPositionShareholdersEquityEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionShareholdersEquityEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Shareholders&#x2019; equity effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRisksAndFinancialInstrumentsTable" xlink:label="UGP_SummaryOfRisksAndFinancialInstrumentsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRisksAndFinancialInstrumentsTable" xlink:to="UGP_SummaryOfRisksAndFinancialInstrumentsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRisksAndFinancialInstrumentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRisksAndFinancialInstrumentsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfRisksAndFinancialInstrumentsLineItems" xlink:label="UGP_SummaryOfRisksAndFinancialInstrumentsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRisksAndFinancialInstrumentsLineItems" xlink:to="UGP_SummaryOfRisksAndFinancialInstrumentsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRisksAndFinancialInstrumentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ScenarioAxis" xlink:to="UGP_ScenarioAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ScenarioAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">ScenarioAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeStatementEffectIncrease" xlink:label="UGP_IncomeStatementEffectIncrease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectIncrease" xlink:to="UGP_IncomeStatementEffectIncrease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectIncrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income statement effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityEffectDecrease" xlink:label="UGP_ShareholdersEquityEffectDecrease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityEffectDecrease" xlink:to="UGP_ShareholdersEquityEffectDecrease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityEffectDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders' equity effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" xlink:label="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" xlink:to="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeStatementEffectDecrease" xlink:label="UGP_IncomeStatementEffectDecrease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectDecrease" xlink:to="UGP_IncomeStatementEffectDecrease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectDecrease_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income statement effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ShareholdersEquityEffectIncrease" xlink:label="UGP_ShareholdersEquityEffectIncrease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityEffectIncrease" xlink:to="UGP_ShareholdersEquityEffectIncrease_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityEffectIncrease_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shareholders' equity effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" xlink:label="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" xlink:to="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfRisksAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilityPositionAxis" xlink:to="UGP_LiabilityPositionAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilityPositionAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">LiabilityPositionAxis [Axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NetLiabilityPosition" xlink:label="UGP_NetLiabilityPosition" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetLiabilityPosition" xlink:to="UGP_NetLiabilityPosition_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetLiabilityPosition_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net liability position</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ExposureOfInterestRateRiskAbstract" xlink:label="UGP_ExposureOfInterestRateRiskAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExposureOfInterestRateRiskAbstract" xlink:to="UGP_ExposureOfInterestRateRiskAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExposureOfInterestRateRiskAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exposure of interest rate risk</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:label="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:to="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on cash equivalents and financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect" xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect" xlink:to="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange hedging instruments (assets in CDI) effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnDebtCDI" xlink:label="UGP_InterestEffectOnDebtCDI" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtCDI" xlink:to="UGP_InterestEffectOnDebtCDI_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtCDI_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on debt in CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect" xlink:label="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect" xlink:to="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate hedging instruments (liabilities in CDI) effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncrementalExpensesCDI" xlink:label="UGP_IncrementalExpensesCDI" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesCDI" xlink:to="UGP_IncrementalExpensesCDI_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesCDI_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental expenses, CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnDebtTJLP" xlink:label="UGP_InterestEffectOnDebtTJLP" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtTJLP" xlink:to="UGP_InterestEffectOnDebtTJLP_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtTJLP_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on debt in TJLP</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncrementalExpensesTJLP" xlink:label="UGP_IncrementalExpensesTJLP" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesTJLP" xlink:to="UGP_IncrementalExpensesTJLP_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesTJLP_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental expenses, TJLP</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" xlink:to="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange hedging instruments (assets in LIBOR) effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnDebtLIBOR" xlink:label="UGP_InterestEffectOnDebtLIBOR" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtLIBOR" xlink:to="UGP_InterestEffectOnDebtLIBOR_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtLIBOR_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on debt in LIBOR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncrementalExpensesLIBOR" xlink:label="UGP_IncrementalExpensesLIBOR" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesLIBOR" xlink:to="UGP_IncrementalExpensesLIBOR_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesLIBOR_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental expenses, LIBOR</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnDebtTIIE" xlink:label="UGP_InterestEffectOnDebtTIIE" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtTIIE" xlink:to="UGP_InterestEffectOnDebtTIIE_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtTIIE_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on debt in TIIE</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncrementalExpensesTIIE" xlink:label="UGP_IncrementalExpensesTIIE" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesTIIE" xlink:to="UGP_IncrementalExpensesTIIE_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesTIIE_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental expenses, TIIE</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestEffectOnDebtSELIC" xlink:label="UGP_InterestEffectOnDebtSELIC" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtSELIC" xlink:to="UGP_InterestEffectOnDebtSELIC_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtSELIC_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest effect on debt in SELIC</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_IncrementalExpensesSELIC" xlink:label="UGP_IncrementalExpensesSELIC" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesSELIC" xlink:to="UGP_IncrementalExpensesSELIC_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesSELIC_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incremental expenses, SELIC</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowances for doubful accounts on trade receivable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LoansIncludingFutureContractualInterest" xlink:label="UGP_LoansIncludingFutureContractualInterest" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansIncludingFutureContractualInterest" xlink:to="UGP_LoansIncludingFutureContractualInterest_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansIncludingFutureContractualInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans including future contractual interest</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencyAndInterestRateHedgingInstruments" xlink:label="UGP_CurrencyAndInterestRateHedgingInstruments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyAndInterestRateHedgingInstruments" xlink:to="UGP_CurrencyAndInterestRateHedgingInstruments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyAndInterestRateHedgingInstruments_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging instruments</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_TradeAndOtherPayables" xlink:label="ifrs-full_TradeAndOtherPayables" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayables" xlink:to="ifrs-full_TradeAndOtherPayables_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TradeAndOtherPayables_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsAxis" xlink:to="ifrs-full_HedgingInstrumentsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_HedgingInstrumentsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Hedging instruments [axis]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RateSwapsAxis" xlink:to="UGP_RateSwapsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RateSwapsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">RateSwapsAxis [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_NotionalAmount_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsPositionFairValue" xlink:label="UGP_HedgingInstrumentsPositionFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsPositionFairValue" xlink:to="UGP_HedgingInstrumentsPositionFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsPositionFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsAmountsReceivable" xlink:label="UGP_HedgingInstrumentsAmountsReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsAmountsReceivable" xlink:to="UGP_HedgingInstrumentsAmountsReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsAmountsReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amounts receivable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_HedgingInstrumentsAmountsPayable" xlink:label="UGP_HedgingInstrumentsAmountsPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsAmountsPayable" xlink:to="UGP_HedgingInstrumentsAmountsPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsAmountsPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amounts payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentRatesAxis" xlink:to="UGP_HedgingInstrumentRatesAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentRatesAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">HedgingInstrumentRatesAxis [Axis]</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_GainsLossesOnHedgingInstrument" xlink:label="ifrs-full_GainsLossesOnHedgingInstrument" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnHedgingInstrument" xlink:to="ifrs-full_GainsLossesOnHedgingInstrument_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_GainsLossesOnHedgingInstrument_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (loss) on hedging instruments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CategoryOfFinancialAssetsAndLiabilities" xlink:label="UGP_CategoryOfFinancialAssetsAndLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CategoryOfFinancialAssetsAndLiabilities" xlink:to="UGP_CategoryOfFinancialAssetsAndLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CategoryOfFinancialAssetsAndLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Category</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinancialAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, carrying value</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="ifrs-full_FinancialAssetsAtFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValue" xlink:to="ifrs-full_FinancialAssetsAtFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, fair value</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinancialLiabilities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, carrying value</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialAssetLiabilityCategory" xlink:label="UGP_FinancialAssetLiabilityCategory" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetLiabilityCategory" xlink:to="UGP_FinancialAssetLiabilityCategory_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetLiabilityCategory_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Category</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_FinancialAssets_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialAssetsLevel1OfFairValueHierarchy" xlink:label="UGP_FinancialAssetsLevel1OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel1OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel1OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel1OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialAssetsLevel2OfFairValueHierarchy" xlink:label="UGP_FinancialAssetsLevel2OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel2OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel2OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel2OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialAssetsLevel3OfFairValueHierarchy" xlink:label="UGP_FinancialAssetsLevel3OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel3OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel3OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel3OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialLiabilitiesFairValue" xlink:label="UGP_FinancialLiabilitiesFairValue" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesFairValue" xlink:to="UGP_FinancialLiabilitiesFairValue_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities, fair value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy" xlink:label="UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy" xlink:to="UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy" xlink:label="UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy" xlink:to="UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy" xlink:label="UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy" xlink:to="UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencySwapsReceivableInUSDollarsAbstract" xlink:label="UGP_CurrencySwapsReceivableInUSDollarsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencySwapsReceivableInUSDollarsAbstract" xlink:to="UGP_CurrencySwapsReceivableInUSDollarsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencySwapsReceivableInUSDollarsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency swaps receivable in U.S. dollars</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_USDollarToRealSwaps" xlink:label="UGP_USDollarToRealSwaps" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_USDollarToRealSwaps" xlink:to="UGP_USDollarToRealSwaps_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_USDollarToRealSwaps_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">U.S. Dollar/ Real swaps</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_DebtsFirmCommitmentsInDollars" xlink:label="UGP_DebtsFirmCommitmentsInDollars" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebtsFirmCommitmentsInDollars" xlink:to="UGP_DebtsFirmCommitmentsInDollars_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebtsFirmCommitmentsInDollars_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debts/firm commitments in dollars</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_USDollarToRealSwapsNetEffect" xlink:label="UGP_USDollarToRealSwapsNetEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_USDollarToRealSwapsNetEffect" xlink:to="UGP_USDollarToRealSwapsNetEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_USDollarToRealSwapsNetEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CurrencySwapsPayableInUSDollarsAbstract" xlink:label="UGP_CurrencySwapsPayableInUSDollarsAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencySwapsPayableInUSDollarsAbstract" xlink:to="UGP_CurrencySwapsPayableInUSDollarsAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencySwapsPayableInUSDollarsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency swaps payable in U.S. dollars</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RealToUSDollarSwaps" xlink:label="UGP_RealToUSDollarSwaps" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RealToUSDollarSwaps" xlink:to="UGP_RealToUSDollarSwaps_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RealToUSDollarSwaps_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real/ U.S. Dollar swaps</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GrossMarginOfOxitenoSwapPayable" xlink:label="UGP_GrossMarginOfOxitenoSwapPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossMarginOfOxitenoSwapPayable" xlink:to="UGP_GrossMarginOfOxitenoSwapPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossMarginOfOxitenoSwapPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross margin of Oxiteno</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_RealToUSDollarSwapsNetEffect" xlink:label="UGP_RealToUSDollarSwapsNetEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RealToUSDollarSwapsNetEffect" xlink:to="UGP_RealToUSDollarSwapsNetEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RealToUSDollarSwapsNetEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:label="UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract" xlink:to="UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate swap (in Brazilian Reais) &#x2013; Debentures&#x2014;CRA</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedRateSwapCDI" xlink:label="UGP_FixedRateSwapCDI" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedRateSwapCDI" xlink:to="UGP_FixedRateSwapCDI_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedRateSwapCDI_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed rate swap - CDI</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedRateDebt" xlink:label="UGP_FixedRateDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedRateDebt" xlink:to="UGP_FixedRateDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedRateDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed rate debt</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FixedRateSwapNetEffect" xlink:label="UGP_FixedRateSwapNetEffect" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedRateSwapNetEffect" xlink:to="UGP_FixedRateSwapNetEffect_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedRateSwapNetEffect_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net effect</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:label="UGP_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashCashEquivalentsAndShortTermFinancialInvestments" xlink:to="UGP_CashCashEquivalentsAndShortTermFinancialInvestments_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashCashEquivalentsAndShortTermFinancialInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents, and short-term financial investments</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NotionalAmountDesignatedAsFairValueHedge" xlink:label="UGP_NotionalAmountDesignatedAsFairValueHedge" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NotionalAmountDesignatedAsFairValueHedge" xlink:to="UGP_NotionalAmountDesignatedAsFairValueHedge_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NotionalAmountDesignatedAsFairValueHedge_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount designated as fair value hedge</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LossRelatedToHedgingInstrument" xlink:label="UGP_LossRelatedToHedgingInstrument" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LossRelatedToHedgingInstrument" xlink:to="UGP_LossRelatedToHedgingInstrument_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LossRelatedToHedgingInstrument_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss related to hedging instrument</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_GainRelatedToFairValueAdjustmentOfDebt" xlink:label="UGP_GainRelatedToFairValueAdjustmentOfDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GainRelatedToFairValueAdjustmentOfDebt" xlink:to="UGP_GainRelatedToFairValueAdjustmentOfDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_GainRelatedToFairValueAdjustmentOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain related to the fair value adjustment of debt</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LossRelatedToFinancialExpenseOfDebt" xlink:label="UGP_LossRelatedToFinancialExpenseOfDebt" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LossRelatedToFinancialExpenseOfDebt" xlink:to="UGP_LossRelatedToFinancialExpenseOfDebt_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LossRelatedToFinancialExpenseOfDebt_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss related to the financial expense of the debt</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges" xlink:label="UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges" xlink:to="UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount of exchange rate hedging instruments of firm commitments designated as cash flow hedges</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_LossFromCashFlowHedges" xlink:label="UGP_LossFromCashFlowHedges" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LossFromCashFlowHedges" xlink:to="UGP_LossFromCashFlowHedges_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_LossFromCashFlowHedges_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flow hedges loss</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet" xlink:label="UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet" xlink:to="UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized gain (loss) of other comprehensive income, net of deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket" xlink:label="UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket" xlink:to="UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount of foreign exchange hedging instruments for highly probable future transactions designated as fair value hedge, related to notes in the foreign market</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:label="UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:to="UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized loss of other comprehensive income, net of deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" xlink:label="UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities" xlink:to="UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance of foreign exchange hedging instruments designated as net investments hedge in foreign entities</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:label="UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet" xlink:to="UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unrealized loss of other comprehensive income, net of deferred income and social contribution taxes</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfContractCommitmentsTable" xlink:label="UGP_SummaryOfContractCommitmentsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractCommitmentsTable" xlink:to="UGP_SummaryOfContractCommitmentsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractCommitmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfContractCommitmentsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfContractCommitmentsLineItems" xlink:label="UGP_SummaryOfContractCommitmentsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractCommitmentsLineItems" xlink:to="UGP_SummaryOfContractCommitmentsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractCommitmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfContractCommitmentsLineItems [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfContractsAxis" xlink:to="ifrs-full_TypesOfContractsAxis_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_TypesOfContractsAxis_2_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Types of contracts [axis]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargoPort" xlink:label="UGP_CargoPort" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoPort" xlink:to="UGP_CargoPort_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoPort_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Port</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_MinimumCargoMovementPerYear" xlink:label="UGP_MinimumCargoMovementPerYear" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MinimumCargoMovementPerYear" xlink:to="UGP_MinimumCargoMovementPerYear_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_MinimumCargoMovementPerYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum movement in tons per years</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CargooAgreementMaturity" xlink:label="UGP_CargooAgreementMaturity" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargooAgreementMaturity" xlink:to="UGP_CargooAgreementMaturity_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargooAgreementMaturity_lbl" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Maturity</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_IncomeArisingFromInsuranceContracts" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum compensation value</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfCommitmentsTable" xlink:label="UGP_SummaryOfCommitmentsTable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCommitmentsTable" xlink:to="UGP_SummaryOfCommitmentsTable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCommitmentsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfCommitmentsTable [Table]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_SummaryOfCommitmentsLineItems" xlink:label="UGP_SummaryOfCommitmentsLineItems" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCommitmentsLineItems" xlink:to="UGP_SummaryOfCommitmentsLineItems_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCommitmentsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SummaryOfCommitmentsLineItems [Line Items]</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_FutureOperatingLeaseDisbursements" xlink:label="UGP_FutureOperatingLeaseDisbursements" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FutureOperatingLeaseDisbursements" xlink:to="UGP_FutureOperatingLeaseDisbursements_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FutureOperatingLeaseDisbursements_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future operating lease disbursements</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingLeaseContractPayable" xlink:label="UGP_OperatingLeaseContractPayable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingLeaseContractPayable" xlink:to="UGP_OperatingLeaseContractPayable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingLeaseContractPayable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_OperatingLeaseContractReceivable" xlink:label="UGP_OperatingLeaseContractReceivable" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingLeaseContractReceivable" xlink:to="UGP_OperatingLeaseContractReceivable_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingLeaseContractReceivable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable</link:label>
      <link:loc xlink:href="ugp-20171231.xsd#UGP_CommitmentsDetailsNarrativeAbstract" xlink:label="UGP_CommitmentsDetailsNarrativeAbstract" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommitmentsDetailsNarrativeAbstract" xlink:to="UGP_CommitmentsDetailsNarrativeAbstract_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommitmentsDetailsNarrativeAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments Details Narrative</link:label>
      <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2016-03-31/full_ifrs/full_ifrs-cor_2016-03-31.xsd#ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease" xlink:label="ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease" xlink:type="locator"/>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease" xlink:to="ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating lease expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DividendsReceivableCurrent" xlink:to="UGP_DividendsReceivableCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DividendsReceivableCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognized when the shareholder's right to receive payment is established.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesJointVentures" xlink:to="UGP_InvestmentsInSubsidiariesJointVentures_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesJointVentures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of investments in joint-ventures.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesInAssociates" xlink:to="UGP_InvestmentsInSubsidiariesInAssociates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesInAssociates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity, including an unincorporated entity such as a partnership, over which the investor has significant influence and that is neither a subsidiary nor an interest in a joint venture.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesOther" xlink:to="UGP_InvestmentsInSubsidiariesOther_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesOther_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of investments classified as other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxes" xlink:to="UGP_RecoverableTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentInvestments" xlink:to="UGP_NoncurrentInvestments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentInvestments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of investments in debt and equity securities, including, but not limited to, held-to-maturity, trading and available-for-sale expected to be converted to cash, sold or exchanged in period further than one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansCurrent" xlink:to="UGP_LoansCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reflects the total carrying amount as of the balance sheet date of loans having initial terms less than one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionAssetRetirementObligation" xlink:to="UGP_CurrentProvisionAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_CurrentProvisionForTaxCivilAndLaborRisks_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentProvisionForTaxCivilAndLaborRisks_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansNoncurrent" xlink:to="UGP_LoansNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reflects the total carrying amount as of the balance sheet date of loans having terms more than one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalariesAndRelatedCharges" xlink:to="UGP_SalariesAndRelatedCharges_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalariesAndRelatedCharges_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesPayable" xlink:to="UGP_IncomeAndSocialContributionTaxesPayable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesPayable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits; Unused tax credits; Unused tax losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CustomersAndThirdPartiesPayables" xlink:to="UGP_CustomersAndThirdPartiesPayables_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CustomersAndThirdPartiesPayables_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount to be paid due to the Ultracargo incident</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrants" xlink:to="UGP_SubscriptionWarrants_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrants_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#x2013; indemnification were issued. The subscription warrants &#x2013; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeCurrent" xlink:to="UGP_DeferredIncomeCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of short-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeNoncurrent" xlink:to="UGP_DeferredIncomeNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of long-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForAssetRetirementObligation" xlink:to="UGP_ProvisionForAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_ProvisionForTaxCivilAndLaborRisks_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForTaxCivilAndLaborRisks_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of provisions by nature.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatedPartiesLiabilitiesNoncurrent" xlink:to="UGP_RelatedPartiesLiabilitiesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatedPartiesLiabilitiesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of receivables due from related parties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsMinimumMandatoryDividends" xlink:to="UGP_AdditionalDividendsMinimumMandatoryDividends_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionalDividendsMinimumMandatoryDividends_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period,</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityValuationAdjustments" xlink:to="UGP_EquityValuationAdjustments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityValuationAdjustments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Substantially refers to effective portion of gains and losses on hedging instruments (IAS 39) and actuarial gains and losses on defined benefit plans (IAS 19.93A)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TranslationAdjustments" xlink:to="UGP_TranslationAdjustments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TranslationAdjustments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gains (losses) recognised in other comprehensive income resulting from varying exchange rates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxIncentives" xlink:to="UGP_TaxIncentives_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxIncentives_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Superintendency of Northeast Development - fiscal incentives focused on the development of the northeastern region of Brazil.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfOperationsExplanatory" xlink:to="UGP_DisclosureOfOperationsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfOperationsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity normally presents notes in the following order, to assist users to understand the financial statements and to compare them with financial statements of other entities: Examples of systematic ordering or grouping of the notes include: (a) giving prominence to the areas of its activities that the entity considers to be most relevant to an understanding of its financial performance and financial position, such as grouping together information about particular operating activities;</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfPrinciplesOfConsolidationExplanatory" xlink:to="UGP_DisclosureOfPrinciplesOfConsolidationExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfPrinciplesOfConsolidationExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfPrepaidExpensesExplanatory" xlink:to="UGP_DisclosureOfPrepaidExpensesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfPrepaidExpensesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfInvestmentsExplanatory" xlink:to="UGP_DisclosureOfInvestmentsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfInvestmentsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for investments in associates. [Refer: Associates [member]]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfSalariesAndRelatedChargesExplanatory" xlink:to="UGP_DisclosureOfSalariesAndRelatedChargesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfSalariesAndRelatedChargesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfDeferredRevenueExplanatory" xlink:to="UGP_DisclosureOfDeferredRevenueExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfDeferredRevenueExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfSubscriptionWarrantsExplanatory" xlink:to="UGP_DisclosureOfSubscriptionWarrantsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfSubscriptionWarrantsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#x2013; indemnification were issued. The subscription warrants &#x2013; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfStockholdersEquityExplanatory" xlink:to="UGP_DisclosureOfStockholdersEquityExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfStockholdersEquityExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Shareholder's Equity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory" xlink:to="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of the gains or losses on disposals of property, plant and equipment and intangibles.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfFinancialIncomeExpenseExplanatory" xlink:to="UGP_DisclosureOfFinancialIncomeExpenseExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfFinancialIncomeExpenseExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income associated with interest and other financing activities of the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfSegmentInformationExplanatory" xlink:to="UGP_DisclosureOfSegmentInformationExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfSegmentInformationExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfUltracargoFireAccidentExplanatory" xlink:to="UGP_DisclosureOfUltracargoFireAccidentExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfUltracargoFireAccidentExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Ultracargo's Fire Accident additional information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DisclosureOfRecoverableTaxesExplanatory" xlink:to="UGP_DisclosureOfRecoverableTaxesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DisclosureOfRecoverableTaxesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for recoverable taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForOtherAssetsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForOtherAssetsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForOtherAssetsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for other assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for foreign currency transactions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for use of Estimates, Assumptions and Judgments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for adjustment to Present Value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for statements of cash flows.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for adoption of the Pronouncements Issued by IFRS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for authorization for Issuance of the Financial Statements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for provision for asset retirement obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for other liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory" xlink:to="UGP_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for basis for Translation of Financial Statements of Foreign Subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfForeignSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfForeignSubsidiariesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfForeignSubsidiariesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for basis for Translation of Financial Statements of Foreign Subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOfPronouncesmentsIssuedTableTextBlock" xlink:to="UGP_SummaryOfOfPronouncesmentsIssuedTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOfPronouncesmentsIssuedTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for adoption of the Pronouncements Issued by IFRS.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInvestmentsInSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfInvestmentsInSubsidiariesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInvestmentsInSubsidiariesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of its consolidated financial statements to understand the composition of the group.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock" xlink:to="UGP_SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAcquiredAssetsAndLiabilitiesInAcquisitionsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of fair value of acquired assets and liabilities assumed in acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock" xlink:to="UGP_SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfConsolidatedInformationWithAcquisitionTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of consolidated information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCashAndCashEquivalentsTableTextBlock" xlink:to="UGP_SummaryOfCashAndCashEquivalentsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCashAndCashEquivalentsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy used to determine the components of cash and cash equivalents. [Refer: Cash and cash equivalents]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialInvestmentsTableTextBlock" xlink:to="UGP_SummaryOfFinancialInvestmentsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialInvestmentsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for financial assets. [Refer: Financial assets]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock" xlink:to="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesCompositionTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the entity's accounting policy for trade and other receivables. [Refer: Trade and other receivables]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock" xlink:to="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradeReceivablesBreakdownTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose by class of financial asset an analysis of the age of financial assets that are past due as at the end of the reporting period but not impaired.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock" xlink:to="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMovementsInAllowanceForDoubtfulAccountsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">When financial assets are impaired by credit losses and the entity records the impairment in a separate account (eg an allowance account used to record individual impairments or a similar account used to record a collective impairment of assets) rather than directly reducing the carrying amount of the asset, it shall disclose a reconciliation of changes in that account during the period for each class of financial assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesCompositionTableTextBlock" xlink:to="UGP_SummaryOfInventoriesCompositionTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesCompositionTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The detail provided in subclassifications depends on the requirements of IFRSs and on the size, nature and function of the amounts involved: inventories are disaggregated, in accordance with IAS 2 Inventories, into classifications such as merchandise, production supplies, materials, work in progress and finished goods.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock" xlink:to="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The detail provided in subclassifications depends on the requirements of IFRSs and on the size, nature and function of the amounts involved: inventories are disaggregated, in accordance with IAS 2 Inventories, into classifications such as merchandise, production supplies, materials, work in progress and finished goods.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionForLossesTableTextBlock" xlink:to="UGP_SummaryOfProvisionForLossesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionForLossesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The detail provided in subclassifications depends on the requirements of IFRSs and on the size, nature and function of the amounts involved: inventories are disaggregated, in accordance with IAS 2 Inventories, into classifications such as merchandise, production supplies, materials, work in progress and finished goods.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRecoverableTaxesTableTextBlock" xlink:to="UGP_SummaryOfRecoverableTaxesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRecoverableTaxesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock" xlink:to="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfProvisionForIcmsLossesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for losses regarding the excess of amount paid for ICMS (Brazilian tax on goods and services) excepted to be recovered in the future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrepaidExpensesTableTextBlock" xlink:to="UGP_SummaryOfPrepaidExpensesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrepaidExpensesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock" xlink:to="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesAndChangesInJointVenturesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose financial information about the entity&#x2019;s investments in joint ventures and associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock" xlink:to="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose financial information about the entity&#x2019;s investments in joint ventures and associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInAssociatesTableTextBlock" xlink:to="UGP_SummaryOfBalancesInAssociatesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInAssociatesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose financial information about the entity&#x2019;s investments in joint ventures and associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock" xlink:to="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose financial information about the entity&#x2019;s investments in joint ventures and associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock" xlink:to="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock" xlink:to="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesInIntangibleAssetsTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesOfGoodwillTableTextBlock" xlink:to="UGP_SummaryOfBalancesOfGoodwillTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesOfGoodwillTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose the carrying amount of goodwill allocated to the unit (group of units).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAmortizationExpensesTableTextBlock" xlink:to="UGP_SummaryOfAmortizationExpensesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAmortizationExpensesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of Amortization expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTradePayablesTableTextBlock" xlink:to="UGP_SummaryOfTradePayablesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTradePayablesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Domestic and Foreign Trade payables, recognised as liabilities when the entity becomes a party to the contract and, as a consequence, has a legal obligation to pay cash.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock" xlink:to="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSalariesAndRelatedChargesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of salaries and related charges. An entity classifying expenses by function shall disclose additional information on the nature of expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxesPayableTableTextBlock" xlink:to="UGP_SummaryOfTaxesPayableTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxesPayableTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of additional information regarding taxes other than on income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPostEmploymentBenefits" xlink:to="UGP_SummaryOfPostEmploymentBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPostEmploymentBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInProvisionForPostEmploymentBenefits" xlink:to="UGP_ChangesInProvisionForPostEmploymentBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInProvisionForPostEmploymentBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock" xlink:to="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock" xlink:to="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock" xlink:to="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInAssetRetirementObligationTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock" xlink:to="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBreakdownOfProvisionsByNatureTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">For each class of provision, an entity shall disclose: (a) the carrying amount at the beginning and end of the period; (b) additional provisions made in the period, including increases to existing provisions; (c) amounts used (ie incurred and charged against the provision) during the period; (d) unused amounts reversed during the period; and (e) the increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock" xlink:to="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalancesOfEscrowDepositsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of long-term deposits held by the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredRevenueInSubsidiariesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock" xlink:to="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBalanceOfOtherComprehensiveIncomeTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The statement of changes in equity includes the total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to non-controlling interests;</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock" xlink:to="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amounts of dividends recognised as distributions to owners during the period, and the allocation of net income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock" xlink:to="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRevenueFromSalesAndServicesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The accounting policies adopted for the recognition of revenue, including the methods adopted to determine the stage of completion of transactions involving the rendering of services and the amount of each significant category of revenue recognised during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfExpensesByNatureTableTextBlock" xlink:to="UGP_SummaryOfExpensesByNatureTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfExpensesByNatureTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses by function shall disclose additional information on the nature of expenses, including depreciation and amortisation expense and employee benefits expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOtherOperatingIncomeTableTextBlock" xlink:to="UGP_SummaryOfOtherOperatingIncomeTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOtherOperatingIncomeTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating income other than Entity's disclosure operating income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock" xlink:to="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialIncomeExpenseTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income associated with interest and other financing activities of the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock" xlink:to="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfBasicAndDilutedEarningsPerShareTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall calculate basic and diluted earnings per share amounts for profit or loss attributable to equity holders of the parent entity and, if presented, profit or loss from continuing operations attributable to those equity holders.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock" xlink:to="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfWeightedAverageSharesOutstandingTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock" xlink:to="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialInformationOfSegmentsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetReclassificationTableTextBlock" xlink:to="UGP_SummaryOfAssetReclassificationTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetReclassificationTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock" xlink:to="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall report the revenues from external customers for each product and service, or each group of similar products and services, unless the necessary information is not available and the cost to develop it would be excessive, in which case that fact shall be disclosed. The amounts of revenues reported shall be based on the financial information used to produce the entity's financial statements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock" xlink:to="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall report the revenues from external customers for each product and service, or each group of similar products and services, unless the necessary information is not available and the cost to develop it would be excessive, in which case that fact shall be disclosed. The amounts of revenues reported shall be based on the financial information used to produce the entity's financial statements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock" xlink:to="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency risk (or foreign exchange risk) arises on financial instruments that are denominated in a foreign currency, ie in a currency other than the functional currency in which they are measured. For the purpose of this IFRS, currency risk does not arise from financial instruments that are non-monetary items or from financial instruments denominated in the functional currency.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A sensitivity analysis is disclosed for each currency to which an entity has significant exposure.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock" xlink:to="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest rate risk arises on interest-bearing financial instruments recognised in the statement of financial position (eg debt instruments acquired or issued) and on some financial instruments not recognised in the statement of financial position (eg some loan commitments).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock" xlink:to="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at end of the reporting period showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date; (b) the methods and assumptions used in preparing the sensitivity analysis; and (c) changes from the previous period in the methods and assumptions used, and the reasons for such changes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock" xlink:to="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose by class of financial instrument the amount that best represents its maximum exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements (eg netting agreements that do not quality for offset in accordance with IAS 32); this disclosure is not required for financial instruments whose carrying amount best represents the maximum exposure to credit risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock" xlink:to="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose: (a) a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. (b) a maturity analysis for derivative financial liabilities. The maturity analysis shall include the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows (see paragraph B11B). (c) a description of how it manages the liquidity risk inherent in (a) and (b).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock" xlink:to="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A hedged item can be a recognised asset or liability, an unrecognised firm commitment, a highly probable forecast transaction or a net investment in a foreign operation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock" xlink:to="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose net gains or net losses on (i) financial assets or financial liabilities at fair value through profit or loss, showing separately those on financial assets or financial liabilities designated as such upon initial recognition, and those on financial assets or financial liabilities that are classified as held for trading in accordance with IAS 39, (ii) available-for-sale financial assets, showing separately the amount of gain or loss recognised in other comprehensive income during the period and the amount reclassified from equity to profit or loss for the period; (iii) held-to-maturity investments; (iv) loans and receivables; and (v) financial liabilities measured at amortised cost;</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock" xlink:to="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">For each class of financial assets and financial liabilities, an entity shall disclose the fair value of that class of assets and liabilities in a way that permits it to be compared with its carrying amount.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock" xlink:to="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall determine appropriate classes of assets and liabilities on the basis of the following: (a) the nature, characteristics and risks of the asset or liability; and (b)the level of the fair value hierarchy within which the fair value measurement is categorised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInExchangeRateTableTextBlock" xlink:to="UGP_SummaryOfChangesInExchangeRateTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInExchangeRateTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at end of the reporting period showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date; (b) the methods and assumptions used in preparing the sensitivity analysis; and (c) changes from the previous period in the methods and assumptions used, and the reasons for such changes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfContractsTableTextBlock" xlink:to="UGP_SummaryOfContractsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfContractsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity normally presents other disclosures, including: contingent liabilities and unrecognised contractual commitments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock" xlink:to="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoNordesteTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity normally presents other disclosures, including: contingent liabilities and unrecognised contractual commitments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock" xlink:to="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfMinimumPurchaseCommitmentOxitenoSATableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity normally presents other disclosures, including: contingent liabilities and unrecognised contractual commitments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock" xlink:to="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfInsuranceCoverageInSubsidiariesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum amount agreed to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects the policyholder.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfOperatingLeaseContractsTableTextBlock" xlink:to="UGP_SummaryOfOperatingLeaseContractsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfOperatingLeaseContractsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease contracts other than finance lease.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock" xlink:to="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSubsidiariesAndOtherRelatedPartiesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">If an entity has had related party transactions during the periods covered by the financial statements, it shall disclose the nature of the related party relationship as well as information about those transactions and outstanding balances, including commitments, necessary for users to understand the potential effect of the relationship on the financial statements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock" xlink:to="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">If an entity obtains key management personnel services from another entity (the 'management entity'), the entity is not required to apply the requirements in paragraph 17 to the compensation paid or payable by the management entity to the management entity's employees or directors.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfSharesGrantedTableTextBlock" xlink:to="UGP_SummaryOfSharesGrantedTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfSharesGrantedTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of sharebased payment arrangements that existed during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock" xlink:to="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of sharebased payment arrangements that existed during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredTaxesTableTextBlock" xlink:to="UGP_SummaryOfDeferredTaxesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredTaxesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall offset deferred tax assets and deferred tax liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock" xlink:to="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of changes in balance of deferred taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxReconciliationTableTextBlock" xlink:to="UGP_SummaryOfTaxReconciliationTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxReconciliationTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The major components of tax expense (income) shall be disclosed separately (IAS 12).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock" xlink:to="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Definition: The disclosure of estimated recovery of deferred tax assets relating to IRPJ and CSLL</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTaxIncentivesTableTextBlock" xlink:to="UGP_SummaryOfTaxIncentivesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTaxIncentivesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of tax incentives.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfCompostionOfLoansTableTextBlock" xlink:to="UGP_SummaryOfCompostionOfLoansTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfCompostionOfLoansTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock" xlink:to="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfForeignLoanMaturityTableTextBlock" xlink:to="UGP_SummaryOfForeignLoanMaturityTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfForeignLoanMaturityTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfDebenturesTableTextBlock" xlink:to="UGP_SummaryOfDebenturesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfDebenturesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Debentures, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock" xlink:to="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose the each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets. The financial statements shall disclose, for each class of property, plant and equipment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfTransactionCostsTableTextBlock" xlink:to="UGP_SummaryOfTransactionCostsTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfTransactionCostsTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information regarding the transaction costs, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock" xlink:to="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period,</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total of Operating income before financial income or expenses and share of profit or loss of joint ventures and associate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries" xlink:to="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose, in aggregate, in respect of both obtaining and losing control of subsidiaries or other businesses during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury" xlink:to="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition of own shares to be held in treasury, regarding changes in the share capital owned by the entity during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants" xlink:to="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaAcquisitionCapitalIncreaseAndSubscriptionWarrants_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of capital increase and subscription warrants Because of the association between the Company and Extrafarma on January 31, 2014.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate" xlink:to="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExtrafarmaAcquisitionGrossDebtAssumedOnClosingDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of capital increase and subscription warrants Because of the association between the Company and Extrafarma on January 31, 2014.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForAssetRetirementObligation" xlink:to="UGP_AdjustmentsForAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForRecoverableTaxes" xlink:to="UGP_AdjustmentsForRecoverableTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForRecoverableTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForInsuranceAndOtherReceivables" xlink:to="UGP_AdjustmentsForInsuranceAndOtherReceivables_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForInsuranceAndOtherReceivables_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForPrepaidExpenses" xlink:to="UGP_AdjustmentsForPrepaidExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForPrepaidExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent" xlink:to="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash receipts from the sale of goods and the rendering of services;</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent" xlink:to="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current other receivables. [Refer: Other receivables]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognised as a non-current asset for expenditures made prior to the period when the economic benefit will be realised in more than one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of long-term deposits held by the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current provisions for employee benefits. Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment[Refer: Provisions for employee benefits]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Trade payables classified as other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue , and which are expected to be recognized as such within one year or the normal operating cycle, if longer. The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue , and which are expected to be recognized as such within one year or the normal operating cycle, if longer. The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxes on income arise on transactions that give rise to cash flows that are classified as operating, investing or financing activities in a statement of cash flows. While tax expense may be readily identifiable with investing or financing activities, the related tax cash flows are often impracticable to identify and may arise in a different period from the cash flows of the underlying transaction. Therefore, taxes paid are usually classified as cash flows from operating activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of payment due on social security and taxes other than income tax. Income taxes include all domestic and foreign taxes that are based on taxable profits. Income taxes also include taxes, such as withholding taxes, that are payable by a subsidiary, associate or joint arrangement on distributions to the reporting entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current provisions for employee benefits. Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment[Refer: Provisions for employee benefits]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Trade payables classified as other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current tax for current and prior periods to the extent unpaid. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges" xlink:to="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash payments to and on behalf of employees;</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CreditsOnDepreciation" xlink:to="UGP_CreditsOnDepreciation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CreditsOnDepreciation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (b) non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits of associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles" xlink:to="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (b) non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits of associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DividendsReceivedFromAssociatesAndJointVentures" xlink:to="UGP_DividendsReceivedFromAssociatesAndJointVentures_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DividendsReceivedFromAssociatesAndJointVentures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash inflow for dividends received from associates and joint-ventures.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherAdjustments" xlink:to="UGP_OtherAdjustments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherAdjustments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (c) all other items for which the cash effects are investing or financing cash flows.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionOfNoncontrollingInterests" xlink:to="UGP_AcquisitionOfNoncontrollingInterests_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionOfNoncontrollingInterests_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to the acquisition of non-controlling interests in a subsidiary not attributable, directly or indirectly, to a parent.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividends" xlink:to="UGP_InterimDividends_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividends_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Dividends payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LegalReserve" xlink:to="UGP_LegalReserve_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LegalReserve_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of the allocation of income for legal reserve.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting" xlink:to="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingIncomeAcquiree" xlink:to="UGP_OperatingIncomeAcquiree_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingIncomeAcquiree_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of operating income of the acquiree since the acquisition date included in the consolidated statement of comprehensive income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BasicEarningsLossPerShareAcquiree" xlink:to="UGP_BasicEarningsLossPerShareAcquiree_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_BasicEarningsLossPerShareAcquiree_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DilutedEarningsLossPerShareAcquiree" xlink:to="UGP_DilutedEarningsLossPerShareAcquiree_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DilutedEarningsLossPerShareAcquiree_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndBankDepositsInLocalCurrency" xlink:to="UGP_CashAndBankDepositsInLocalCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndBankDepositsInLocalCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash on hand and bank deposits in local currency.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashAndBankDepositsInForeignCurrency" xlink:to="UGP_CashAndBankDepositsInForeignCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashAndBankDepositsInForeignCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash on hand and bank deposits in foreign currency.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency" xlink:to="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in local currency that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency" xlink:to="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestments" xlink:to="UGP_FinancialInvestments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A financial asset is any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will or may be settled in the entity's own equity instruments and is: (i) a non-derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments; or (ii) a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsCurrent" xlink:to="UGP_FinancialInvestmentsCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current financial investments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsNoncurrent" xlink:to="UGP_FinancialInvestmentsNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of non-current financial investments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInLocalCurrency" xlink:to="UGP_FinancialInvestmentsInLocalCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInLocalCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in local currency that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Funds gathers capital from a number of investors to create a pool of money that is then re-invested into assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInForeignCurrency" xlink:to="UGP_FinancialInvestmentsInForeignCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInForeignCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Funds gathers capital from a number of investors to create a pool of money that is then re-invested into assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurencyAndInterestRateHedgingInstruments" xlink:to="UGP_CurencyAndInterestRateHedgingInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurencyAndInterestRateHedgingInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Can be a recognised asset or liability, an unrecognised firm commitment, a highly probable forecast transaction or a net investment in a foreign operation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesCurrent" xlink:to="UGP_TradeReceivablesCurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesCurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount due from customers for goods and services sold, expected to be received within one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesNoncurrent" xlink:to="UGP_TradeReceivablesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount due from customers for goods and services sold, expected to be received in excess of one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CapitalIncreaseJointVentures" xlink:to="UGP_CapitalIncreaseJointVentures_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CapitalIncreaseJointVentures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow to acquire interests in joint ventures (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvanceForFutureCapitalIncrease" xlink:to="UGP_AdvanceForFutureCapitalIncrease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvanceForFutureCapitalIncrease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash advance for future capital increase.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ValuationAdjustmentsJointVentures" xlink:to="UGP_ValuationAdjustmentsJointVentures_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ValuationAdjustmentsJointVentures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Asset Valuation Adjustment is a correction of the amount presented in the balance sheet by an asset or liability, in relation to its fair value. This correction aims at expressing the patrimonial reality of a company.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOfProfitLossOfJointVentures" xlink:to="UGP_ShareOfProfitLossOfJointVentures_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOfProfitLossOfJointVentures_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity's share of the profit (loss) from continuing operations of associates and joint ventures accounted for using the equity method.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CapitalIncreaseInAssociates" xlink:to="UGP_CapitalIncreaseInAssociates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CapitalIncreaseInAssociates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow to acquire interests from associates (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOfProfitLossOfAssociates" xlink:to="UGP_ShareOfProfitLossOfAssociates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOfProfitLossOfAssociates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity's share of the profit (loss) from continuing operations of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Continuing operations [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss) from continuing operations]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FreightAndStorageExpense" xlink:to="UGP_FreightAndStorageExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FreightAndStorageExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Freight and storage expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdvertisingAndMarketingExpense" xlink:to="UGP_AdvertisingAndMarketingExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdvertisingAndMarketingExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Advertising and marketing expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeExpense" xlink:to="UGP_FinancialIncomeExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income (expense) associated with interest and other financing activities of the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialInvestmentsInterest" xlink:to="UGP_FinancialInvestmentsInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialInvestmentsInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest on financial investments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestFromCustomers" xlink:to="UGP_InterestFromCustomers_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestFromCustomers_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest from customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialIncomeOther" xlink:to="UGP_FinancialIncomeOther_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialIncomeOther_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial income classified as other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanInterest" xlink:to="UGP_LoanInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest on loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturesInterest" xlink:to="UGP_DebenturesInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturesInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest on debentures.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinanceLeasesInterest" xlink:to="UGP_FinanceLeasesInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinanceLeasesInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest on finance leases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges" xlink:to="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_BankChargesFinancialTransactionsTaxAndOtherCharges_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank charges, financial transactions tax, and other charges.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments" xlink:to="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exchange variation, net of gains and losses with derivative instruments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInSubscriptionWarranty" xlink:to="UGP_ChangesInSubscriptionWarranty_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInSubscriptionWarranty_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in subscription warranty&#x2014;indemnification.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MonetaryRestatementOfProvisions" xlink:to="UGP_MonetaryRestatementOfProvisions_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_MonetaryRestatementOfProvisions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Monetary restatement of provisions, net, and other financial expenses.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RevenueExcludingIntersegmentRules" xlink:to="UGP_RevenueExcludingIntersegmentRules_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RevenueExcludingIntersegmentRules_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net revenue from sales and services, excluding intersegment sales change description to: Net revenue from sales and services, excluding intersegment sales.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntersegmentSales" xlink:to="UGP_IntersegmentSales_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntersegmentSales_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of sales between segments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedAndIntangibleAssets" xlink:to="UGP_FixedAndIntangibleAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedAndIntangibleAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed and intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargoPort" xlink:to="UGP_CargoPort_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargoPort_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Port required minimum movement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MinimumCargoMovementPerYear" xlink:to="UGP_MinimumCargoMovementPerYear_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_MinimumCargoMovementPerYear_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of required minimum movement commitment having an initial or remaining non-cancelable letter-term.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CargooAgreementMaturity" xlink:to="UGP_CargooAgreementMaturity_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CargooAgreementMaturity_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maturity of the operating lease.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossRevenueFromSale" xlink:to="UGP_GrossRevenueFromSale_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossRevenueFromSale_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The accounting policies adopted for the recognition of Gross revenue from sale. The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossRevenueFromServices" xlink:to="UGP_GrossRevenueFromServices_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossRevenueFromServices_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The accounting policies adopted for the recognition of Gross revenue from services. The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalesTaxes" xlink:to="UGP_SalesTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalesTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxes that infers on revenue from sales.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SalesDiscountsAndReturns" xlink:to="UGP_SalesDiscountsAndReturns_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SalesDiscountsAndReturns_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Discounts and sales returns.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RevenueDeferred" xlink:to="UGP_RevenueDeferred_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RevenueDeferred_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of liability representing income that has been received but is not yet earned. [Refer: Revenue]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BusinessSegment" xlink:to="UGP_BusinessSegment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_BusinessSegment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The name of the segment in wich the subsidiarie is included according to the Entity's consolidation policies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Location" xlink:to="UGP_Location_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_Location_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the geographic location in which the subsidiary operates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DirectControlInterestPercentage" xlink:to="UGP_DirectControlInterestPercentage_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DirectControlInterestPercentage_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of the Entity's direct control over the subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IndirecttControlInterestPercentage" xlink:to="UGP_IndirecttControlInterestPercentage_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IndirecttControlInterestPercentage_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of the Entity's indirect control over the subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesCost" xlink:to="UGP_InventoriesCost_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesCost_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cost of inventories shall comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesProvisionForLosses" xlink:to="UGP_InventoriesProvisionForLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesProvisionForLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for loss on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsToNetRealizableValueAdjustment" xlink:to="UGP_AdditionsToNetRealizableValueAdjustment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsToNetRealizableValueAdjustment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additions (reversals) to net realizable value adjustment regarding provision for loss on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsToObsolescenceAndOtherLosses" xlink:to="UGP_AdditionsToObsolescenceAndOtherLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsToObsolescenceAndOtherLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additions to obsolescence and other losses regarding provision for loss on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReversalsOfObsolescenceAndOtherLosses" xlink:to="UGP_ReversalsOfObsolescenceAndOtherLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReversalsOfObsolescenceAndOtherLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reversals of obsolescence and other losses regarding provision for loss on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetRealizableValueAdjustment" xlink:to="UGP_NetRealizableValueAdjustment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetRealizableValueAdjustment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net realizable value adjustment on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ObsolescenceAndOtherLosses" xlink:to="UGP_ObsolescenceAndOtherLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ObsolescenceAndOtherLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Obsolescence and other losses on the value of inventories.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesNoncurrent" xlink:to="UGP_RecoverableTaxesNoncurrent_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesNoncurrent_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The excess of amount paid for tax in respect of current and prior periods over the amount due for those periods.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionForIcmsLosses" xlink:to="UGP_ProvisionForIcmsLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionForIcmsLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of Provision for losses regarding the excess of amount paid for ICMS (Brazilian tax on goods and services) expected to be recovered in the future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WriteoffsAdditionsReversalsOfIcmsProvision" xlink:to="UGP_WriteoffsAdditionsReversalsOfIcmsProvision_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_WriteoffsAdditionsReversalsOfIcmsProvision_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net balance of Write-offs, additions and reversals on Provision for losses regarding the excess of amount paid for ICMS (Brazilian tax on goods and services) expected to be recovered in the future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentDebt" xlink:to="UGP_NoncurrentDebt_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentDebt_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeetBenefitsCurrentServiceCost" xlink:to="UGP_EmployeetBenefitsCurrentServiceCost_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeetBenefitsCurrentServiceCost_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current service cost of post-employment benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsInterestCost" xlink:to="UGP_EmployeeBenefitsInterestCost_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsInterestCost_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest cost of post-employment benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits" xlink:to="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Actuarial (gains) losses from changes in actuarial assumptions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries" xlink:to="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Benefits paid directly by Company and its subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries" xlink:to="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Benefits paid directly by Company and its subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AverageProjectedSalaryGrowthRate" xlink:to="UGP_AverageProjectedSalaryGrowthRate_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AverageProjectedSalaryGrowthRate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Average projected salary growth rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InflationRateLongTerm" xlink:to="UGP_InflationRateLongTerm_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InflationRateLongTerm_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inflation rate (long term).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrowthRateOfMedicalServices" xlink:to="UGP_GrowthRateOfMedicalServices_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrowthRateOfMedicalServices_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Growth rate of medical services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligation" xlink:to="UGP_ProvisionAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of Provision For Asset Retirement Obligation - Fuel Tanks Details. An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentProvisionAssetRetirementObligation" xlink:to="UGP_NoncurrentProvisionAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentProvisionAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionProvisionAssetRetirementObligation" xlink:to="UGP_AdditionProvisionAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionProvisionAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additions to Provision For Asset Retirement Obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligationExpense" xlink:to="UGP_ProvisionAssetRetirementObligationExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligationExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expense with tanks removed due to asset Retirement Obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionAssetRetirementObligationAccretionExpense" xlink:to="UGP_ProvisionAssetRetirementObligationAccretionExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionAssetRetirementObligationAccretionExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accretion expense due to asset Retirement Obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks" xlink:to="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of allowance for doubtful accounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of additions regarding the accounts classified as probable for credit loss.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable" xlink:to="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of write-offs regarding the accounts classified as probable for credit loss.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TradeReceivablesGross" xlink:to="UGP_TradeReceivablesGross_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TradeReceivablesGross_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of trade receivables, gross of allowance for doubtful accounts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionsThroughBusinessCombinationsGoodwill" xlink:to="UGP_AcquisitionsThroughBusinessCombinationsGoodwill_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionsThroughBusinessCombinationsGoodwill_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose the carrying amount of goodwill allocated to the unit (group of units).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation" xlink:to="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of amortisation expense recognized as Inventories and cost of products and services sold.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SellingAndMarketingAmortisation" xlink:to="UGP_SellingAndMarketingAmortisation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SellingAndMarketingAmortisation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of amortisation expense recognized as Selling and marketing.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GeneralAndAdministrativeAmortisation" xlink:to="UGP_GeneralAndAdministrativeAmortisation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GeneralAndAdministrativeAmortisation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of amortisation expense recognized as General and administrative.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAssets" xlink:to="UGP_LoansAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Loan assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansLiabilities" xlink:to="UGP_LoansLiabilities_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansLiabilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Loan liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsReceivables" xlink:to="UGP_CommercialTransactionsReceivables_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsReceivables_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Commercial transactions receivables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsSalesAndServices" xlink:to="UGP_CommercialTransactionsSalesAndServices_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsSalesAndServices_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Commercial transactions, sales and services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsPurchases" xlink:to="UGP_CommercialTransactionsPurchases_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsPurchases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Commercial transactions purchases regarding related parties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CommercialTransactionsPayables" xlink:to="UGP_CommercialTransactionsPayables_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CommercialTransactionsPayables_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Commercial transactions payables.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharebasedPaymentGrantsCostsIncludingTaxes" xlink:to="UGP_SharebasedPaymentGrantsCostsIncludingTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharebasedPaymentGrantsCostsIncludingTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based payment arrangement total grants costs, including taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedUnrecognizedGrantCosts" xlink:to="UGP_AccumulatedUnrecognizedGrantCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedUnrecognizedGrantCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based payment arrangement accumulated unrecognized grant costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedRecognizedGrantCosts" xlink:to="UGP_AccumulatedRecognizedGrantCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedRecognizedGrantCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based payment arrangement accumulated recognized grant costs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareOptionsGrantedInSharebasedPaymentArrangement_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of share options granted in a share-based payment arrangement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement" xlink:to="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares vested and transferred in a share-based payment arrangement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment" xlink:to="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">effects of foreign currency exchange rate variation on Property, plant, and equipment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashCashEqivalentsAndFinancialInvestments" xlink:to="UGP_CashCashEqivalentsAndFinancialInvestments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashCashEqivalentsAndFinancialInvestments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense" xlink:to="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related parties amortization recognized as general and administrative.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OffsetClaimsAndCreditDisallowances" xlink:to="UGP_OffsetClaimsAndCreditDisallowances_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OffsetClaimsAndCreditDisallowances_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of offset claims and credit disallowances.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsShares" xlink:to="UGP_SubscriptionWarrantsShares_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsShares_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subscription warrants, shares. Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#x2013; indemnification were issued. The subscription warrants &#x2013; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants" xlink:to="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum number of shares available for issue - subscription warrants. Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#x2013; indemnification were issued. The subscription warrants &#x2013; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TaxLossCarryforwards" xlink:to="UGP_TaxLossCarryforwards_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TaxLossCarryforwards_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax loss carryforwards related to income tax.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of Deferred income and social contribution taxes on assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Provision for impairment of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Provisions for tax, civil, and labor risks.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Provision for post-employment benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesGoodwill_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Goodwill.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Business combination &#x2013; fiscal basis vs. accounting basis of goodwill.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Provision for asset retirement obligation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on provisions classified as Other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax losses and negative basis for social contribution carryforwards.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance" xlink:to="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Offset the liabilities balance.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxAssetsNet_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net balance of Deferred income and social contribution taxes on assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxLiabilities_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of Deferred income and social contribution taxes on liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance" xlink:to="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Offset the assets balance.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net balance of Deferred income and social contribution taxes on liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Revaluation of property, plant, and equipment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesLease" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesLease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesLease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Lease.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Lease.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxe on Provision for differences between cash and accrual basis.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Provision for goodwill/negative goodwill.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on Business combination &#x2013; fair value of assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes on provisions classified as Other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries" xlink:to="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Temporary differences of foreign subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BusinessUnit" xlink:to="UGP_BusinessUnit_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_BusinessUnit_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Geographic location of the subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncentivePercentage" xlink:to="UGP_IncentivePercentage_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncentivePercentage_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incentive percentage.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpirationYear" xlink:to="UGP_ExpirationYear_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpirationYear_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incentive Expiration date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary" xlink:to="UGP_Subsidiary_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entity's subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLL" xlink:to="UGP_DeferredIRPJAndCSLL_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLL_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance of income and Social Contribution Taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes recognized in income of the year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes recognized in other comprehensive income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations" xlink:to="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income and Social Contribution Taxes recognized in business combinations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredIRPJAndCSLLOthers" xlink:to="UGP_DeferredIRPJAndCSLLOthers_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredIRPJAndCSLLOthers_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">income and Social Contribution Taxes classified as Other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectiveIRPJAndCSLLRates" xlink:to="UGP_EffectiveIRPJAndCSLLRates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectiveIRPJAndCSLLRates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The effective income tax and social contribution rates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesBasic" xlink:to="UGP_WeightedAverageSharesBasic_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesBasic_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageSharesDiluted" xlink:to="UGP_WeightedAverageSharesDiluted_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageSharesDiluted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SubscriptionWarrantsIndemnificationShares" xlink:to="UGP_SubscriptionWarrantsIndemnificationShares_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SubscriptionWarrantsIndemnificationShares_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#x2013; indemnification were issued. The subscription warrants &#x2013; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DeferredStockPlanShares" xlink:to="UGP_DeferredStockPlanShares_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DeferredStockPlanShares_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Stock Plan, net recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge" xlink:to="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInFairValue" xlink:to="UGP_ChangesInFairValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInFairValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in fair value through gain or loss on a financial asset or financial liability classified as at fair value.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnFairValue" xlink:to="UGP_IncomeAndSocialContributionTaxesOnFairValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnFairValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on fair value. Refers to annual taxes levied by the federal government and most state governments on individual and business income. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes. Social contributions are payments (either actual or imputed) by employers which are intended to secure for their employees the entitlement to social benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialLossesOfPostemploymentBenefits" xlink:to="UGP_ActuarialLossesOfPostemploymentBenefits_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialLossesOfPostemploymentBenefits_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Actuarial gains (losses) of post-employment benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses" xlink:to="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnActuarialLosses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on actuarial losses on actuarial losses of post-employment benefits.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesOrUnitsHeld" xlink:to="UGP_SharesOrUnitsHeld_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesOrUnitsHeld_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares or units in a subsidiary held by non-controlling interests. [Refer: Subsidiaries [member]; Non-controlling interests]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes" xlink:to="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net financial income and income and social contribution taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilitiesInForeignCurrencyAbstract" xlink:to="UGP_LiabilitiesInForeignCurrencyAbstract_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilitiesInForeignCurrencyAbstract_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities held in Foreign currency.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments" xlink:to="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers" xlink:to="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount due from Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetInvestmentsInForeignSubsidiaries" xlink:to="UGP_NetInvestmentsInForeignSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetInvestmentsInForeignSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancingInForeignCurrency" xlink:to="UGP_FinancingInForeignCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancingInForeignCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Financing, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PayablesArisingFromImports" xlink:to="UGP_PayablesArisingFromImports_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PayablesArisingFromImports_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of current trade payables for foreign suppliers arising from imports, net of advances to foreign suppliers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LiabilitiesInForeignCurrency" xlink:to="UGP_LiabilitiesInForeignCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LiabilitiesInForeignCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities held.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignCurrencyHedgingInstruments" xlink:to="UGP_ForeignCurrencyHedgingInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignCurrencyHedgingInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gains (losses) on Foreign currency hedging instruments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansIncludingFutureContractualInterest" xlink:to="UGP_LoansIncludingFutureContractualInterest_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansIncludingFutureContractualInterest_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of loans including future contractual interest. The extension of money from one party to another with the agreement that the money will be repaid.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyInterestRateHedgingInstruments" xlink:to="UGP_CurrencyInterestRateHedgingInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyInterestRateHedgingInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging instruments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidExpenses" xlink:to="UGP_PrepaidExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of Prepaid expenses recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentPrepaidExpenses" xlink:to="UGP_NoncurrentPrepaidExpenses_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentPrepaidExpenses_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognised as a Non-current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidRentExpense" xlink:to="UGP_PrepaidRentExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidRentExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Rent recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidDeferredStockPlanExpense" xlink:to="UGP_PrepaidDeferredStockPlanExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidDeferredStockPlanExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Stock Plan, net recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidAdvertisingExpense" xlink:to="UGP_PrepaidAdvertisingExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidAdvertisingExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Advertising and publicity recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidInsuranceExpense" xlink:to="UGP_PrepaidInsuranceExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidInsuranceExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Insurance premiums recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrepaidSoftwareMaintenanceExpense" xlink:to="UGP_PrepaidSoftwareMaintenanceExpense_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrepaidSoftwareMaintenanceExpense_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Software maintenance recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsAdditions" xlink:to="UGP_IntangibleAssetsAdditions_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsAdditions_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of additions of Intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsAmortization" xlink:to="UGP_IntangibleAssetsAmortization_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsAmortization_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amortization regarding Intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsTransfer" xlink:to="UGP_IntangibleAssetsTransfer_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsTransfer_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible assets, transfer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsWriteoffsAndDisposals" xlink:to="UGP_IntangibleAssetsWriteoffsAndDisposals_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsWriteoffsAndDisposals_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of write-offs and disposals of Intangible assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation" xlink:to="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible assets, effect of foreign currency exchange rate variation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanMaturityDate" xlink:to="UGP_ForeignLoanMaturityDate_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanMaturityDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">long-term consolidated debt had the following principal maturity schedule.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanMaturityAmount" xlink:to="UGP_ForeignLoanMaturityAmount_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanMaturityAmount_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">long-term consolidated debt had the following principal maturity amount.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AverageCostInPercentageOfCdi" xlink:to="UGP_AverageCostInPercentageOfCdi_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AverageCostInPercentageOfCdi_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cost in percentage of CDI.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanMaturityBancoDeBrasil" xlink:to="UGP_LoanMaturityBancoDeBrasil_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanMaturityBancoDeBrasil_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">long-term consolidated debt had the following principal maturity amount.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangesInAssumptionDecreaseInLiability" xlink:to="UGP_ChangesInAssumptionDecreaseInLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangesInAssumptionDecreaseInLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in assumption, decrease in liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ChangeInAssumptionsIncreaseInLiability" xlink:to="UGP_ChangeInAssumptionsIncreaseInLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ChangeInAssumptionsIncreaseInLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in assumptions, increase in liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialAssumptionsDecreaseInLiability" xlink:to="UGP_ActuarialAssumptionsDecreaseInLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialAssumptionsDecreaseInLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease in liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ActuarialAssumptionIncreaseInLiability" xlink:to="UGP_ActuarialAssumptionIncreaseInLiability_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ActuarialAssumptionIncreaseInLiability_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase in liability.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionTotal" xlink:to="UGP_NetAssetLiabilityPositionTotal_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionTotal_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionIncomeStatementEffect" xlink:to="UGP_NetAssetLiabilityPositionIncomeStatementEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionIncomeStatementEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Income statement effect</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetAssetLiabilityPositionShareholdersEquityEffect" xlink:to="UGP_NetAssetLiabilityPositionShareholdersEquityEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetAssetLiabilityPositionShareholdersEquityEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net asset (liability) position &#x2013; Shareholders&#x2019; equity effect</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectIncrease" xlink:to="UGP_IncomeStatementEffectIncrease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectIncrease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectDecrease" xlink:to="UGP_IncomeStatementEffectDecrease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectDecrease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityEffectDecrease" xlink:to="UGP_ShareholdersEquityEffectDecrease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityEffectDecrease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ShareholdersEquityEffectIncrease" xlink:to="UGP_ShareholdersEquityEffectIncrease_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ShareholdersEquityEffectIncrease_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect" xlink:to="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect" xlink:to="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects regarding Real devaluation or appreciation risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetLiabilityPosition" xlink:to="UGP_NetLiabilityPosition_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetLiabilityPosition_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net liability position.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesCDI" xlink:to="UGP_IncrementalExpensesCDI_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesCDI_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incremental expenses, CDI regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesTJLP" xlink:to="UGP_IncrementalExpensesTJLP_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesTJLP_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in TJLP regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesLIBOR" xlink:to="UGP_IncrementalExpensesLIBOR_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesLIBOR_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incremental expenses, LIBOR regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesTIIE" xlink:to="UGP_IncrementalExpensesTIIE_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesTIIE_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incremental expenses, TIIE regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncrementalExpensesSELIC" xlink:to="UGP_IncrementalExpensesSELIC_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncrementalExpensesSELIC_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incremental expenses, SELIC regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtCDI" xlink:to="UGP_InterestEffectOnDebtCDI_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtCDI_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in CDI regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect" xlink:to="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest rate hedging instruments (liabilities in CDI) effect regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments" xlink:to="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on cash equivalents and financial investments regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect" xlink:to="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign exchange hedging instruments (assets in CDI) effect regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtTJLP" xlink:to="UGP_InterestEffectOnDebtTJLP_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtTJLP_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in TJLP regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect" xlink:to="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign exchange hedging instruments (assets in LIBOR) effect regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtLIBOR" xlink:to="UGP_InterestEffectOnDebtLIBOR_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtLIBOR_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in LIBOR regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtTIIE" xlink:to="UGP_InterestEffectOnDebtTIIE_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtTIIE_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in TIIE regarding Exposure of interest rate risk.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestEffectOnDebtSELIC" xlink:to="UGP_InterestEffectOnDebtSELIC_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestEffectOnDebtSELIC_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest effect on debt in SELIC regarding Exposure of interest rate risk .</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsAmountsReceivable" xlink:to="UGP_HedgingInstrumentsAmountsReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsAmountsReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts receivable - position of hedging instruments entered into by the Company and its subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsAmountsPayable" xlink:to="UGP_HedgingInstrumentsAmountsPayable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsAmountsPayable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts payable - position of hedging instruments entered into by the Company and its subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_HedgingInstrumentsPositionFairValue" xlink:to="UGP_HedgingInstrumentsPositionFairValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_HedgingInstrumentsPositionFairValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value - position of hedging instruments entered into by the Company and its subsidiaries. For each class of financial assets and financial liabilities, an entity shall disclose the fair value of that class of assets and liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel1OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel1OfFairValueHierarchy_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel1OfFairValueHierarchy_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Assets and Liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel2OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel2OfFairValueHierarchy_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel2OfFairValueHierarchy_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Assets and Liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetsLevel3OfFairValueHierarchy" xlink:to="UGP_FinancialAssetsLevel3OfFairValueHierarchy_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetsLevel3OfFairValueHierarchy_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Assets and Liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_USDollarToRealSwaps" xlink:to="UGP_USDollarToRealSwaps_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_USDollarToRealSwaps_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">U.S. Dollar/ Real swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebtsFirmCommitmentsInDollars" xlink:to="UGP_DebtsFirmCommitmentsInDollars_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebtsFirmCommitmentsInDollars_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debts/firm commitments in dollars.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RealToUSDollarSwaps" xlink:to="UGP_RealToUSDollarSwaps_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RealToUSDollarSwaps_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Real/ U.S. Dollar swaps.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrossMarginOfOxitenoSwapPayable" xlink:to="UGP_GrossMarginOfOxitenoSwapPayable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrossMarginOfOxitenoSwapPayable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross margin of Oxiteno.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxes" xlink:to="UGP_IncomeAndSocialContributionTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income tax refers to annual taxes levied by the federal government. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives" xlink:to="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Income and social contribution taxes before tax incentives.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates" xlink:to="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Income and social contribution taxes at the statutory tax rates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates" xlink:to="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Income before taxes and share of profit (loss) of joint ventures, and associates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NontaxableRevenues" xlink:to="UGP_NontaxableRevenues_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NontaxableRevenues_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Nontaxable revenues.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdjustmentToEstimatedIncome" xlink:to="UGP_AdjustmentToEstimatedIncome_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdjustmentToEstimatedIncome_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment to estimated income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterestOnEquity" xlink:to="UGP_InterestOnEquity_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterestOnEquity_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest on equity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NetIncomeForYearAfterLegalReserve" xlink:to="UGP_NetIncomeForYearAfterLegalReserve_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NetIncomeForYearAfterLegalReserve_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income for the year after legal reserve.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InterimDividendsPaid" xlink:to="UGP_InterimDividendsPaid_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_InterimDividendsPaid_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of interim dividends. Such dividends are not recognised as a liability at the end of the reporting period because no obligation exists at that time.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MandatoryDividendsPayable" xlink:to="UGP_MandatoryDividendsPayable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_MandatoryDividendsPayable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mandatory amount recognised as distributions to owners during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsToMinimumMandatoryDividends" xlink:to="UGP_AdditionalDividendsToMinimumMandatoryDividends_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionalDividendsToMinimumMandatoryDividends_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_MinimumMandatoryDividends" xlink:to="UGP_MinimumMandatoryDividends_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_MinimumMandatoryDividends_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum mandatory amount recognised as distributions to owners during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_StatutoryInvestmentsReserve" xlink:to="UGP_StatutoryInvestmentsReserve_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_StatutoryInvestmentsReserve_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The allocation of income for retention of profits purposes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFaceValue" xlink:to="UGP_DebentureFaceValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFaceValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of Face value.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureFinalMaturity" xlink:to="UGP_DebentureFinalMaturity_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureFinalMaturity_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">long-term consolidated debt had the following principal maturity schedule.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturePaymentOfFaceValueDescription" xlink:to="UGP_DebenturePaymentOfFaceValueDescription_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturePaymentOfFaceValueDescription_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of payment of the face value.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebentureInterestDescription" xlink:to="UGP_DebentureInterestDescription_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebentureInterestDescription_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest schedule.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_DebenturePaymentOfInterestDescription" xlink:to="UGP_DebenturePaymentOfInterestDescription_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_DebenturePaymentOfInterestDescription_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment of interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization" xlink:to="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equipment and intangible assets, net of depreciation and amortization.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancingPresentValue" xlink:to="UGP_FinancingPresentValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancingPresentValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Financing leases (present value).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FutureDisbursementsInstallmentsFinanceLeases" xlink:to="UGP_FutureDisbursementsInstallmentsFinanceLeases_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_FutureDisbursementsInstallmentsFinanceLeases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The future disbursements (installments) assumed under these contracts.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransactionCostsFinancialInstruments" xlink:to="UGP_TransactionCostsFinancialInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransactionCostsFinancialInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">balance of Transaction costs. Disclosure of further information regarding the transaction costs, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncurredTransactionCost" xlink:to="UGP_IncurredTransactionCost_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncurredTransactionCost_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information regarding the Incurred cost, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TransactionCostAmortization" xlink:to="UGP_TransactionCostAmortization_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_TransactionCostAmortization_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Depreciable amounts classified as transaction cost.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EffectiveRateOfTransactionCosts" xlink:to="UGP_EffectiveRateOfTransactionCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EffectiveRateOfTransactionCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of effective rate of transaction costs. Disclosure of further information regarding the transaction costs, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AmountAppropriatedToProfitOrLossInFuture" xlink:to="UGP_AmountAppropriatedToProfitOrLossInFuture_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AmountAppropriatedToProfitOrLossInFuture_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount appropriated to profit or loss in the future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ExpiredDividends" xlink:to="UGP_ExpiredDividends_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ExpiredDividends_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of expired dividends.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury" xlink:to="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AcquisitionOfOwnSharesToBeHeldInTreasury_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to acquisition of own shares to be held in treasury</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RealizationOfRevaluationReserveOfSubsidiaries" xlink:to="UGP_RealizationOfRevaluationReserveOfSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RealizationOfRevaluationReserveOfSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The revaluation reserve reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries" xlink:to="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income and social contribution taxes on realization of revaluation reserve of subsidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrentDebt" xlink:to="UGP_CurrentDebt_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrentDebt_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanDebt" xlink:to="UGP_LoanDebt_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanDebt_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignCurrencyDenominatedLoans" xlink:to="UGP_ForeignCurrencyDenominatedLoans_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignCurrencyDenominatedLoans_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_BrazilianRealDenominatedLoans" xlink:to="UGP_BrazilianRealDenominatedLoans_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_BrazilianRealDenominatedLoans_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanDescription" xlink:to="UGP_LoanDescription_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanDescription_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanIndexCurrency" xlink:to="UGP_LoanIndexCurrency_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanIndexCurrency_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_WeightedAverageFinancialChargesLoans" xlink:to="UGP_WeightedAverageFinancialChargesLoans_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_WeightedAverageFinancialChargesLoans_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoanMaturityDate" xlink:to="UGP_LoanMaturityDate_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoanMaturityDate_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose a maturity analysis for non-derivative and derivative financial liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_YearByWhichApplicationOfNewIFRSIsRequired" xlink:to="UGP_YearByWhichApplicationOfNewIFRSIsRequired_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_YearByWhichApplicationOfNewIFRSIsRequired_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">effective date on which the standard shall be adopted.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GeographicalAreas" xlink:to="UGP_GeographicalAreas_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GeographicalAreas_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The description of the geographic location in which the subsidiary operates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingLeaseContractPayable" xlink:to="UGP_OperatingLeaseContractPayable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingLeaseContractPayable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of required rental payment for leases having an initial or remaining non-cancelable letter-terms up to one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingLeaseContractReceivable" xlink:to="UGP_OperatingLeaseContractReceivable_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingLeaseContractReceivable_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of required rental receivable for leases having an initial or remaining non-cancelable letter-terms up to one year.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OperatingExpenseAndIncomeCosts" xlink:to="UGP_OperatingExpenseAndIncomeCosts_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OperatingExpenseAndIncomeCosts_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs, operating expenses and income regarding the joint-venture.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NumberOfSharesOrUnitsHeld" xlink:to="UGP_NumberOfSharesOrUnitsHeld_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NumberOfSharesOrUnitsHeld_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares or units held classified as investiments regarding the joint-venture.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PercentageOfCapitalHeld" xlink:to="UGP_PercentageOfCapitalHeld_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PercentageOfCapitalHeld_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of capital held classified as investiments regarding the joint-venture.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RetentionOfProfitsAndInvestmentsReserve" xlink:to="UGP_RetentionOfProfitsAndInvestmentsReserve_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_RetentionOfProfitsAndInvestmentsReserve_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of the allocation of income for retention of profits purposes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SharesHeldInTreasury" xlink:to="UGP_SharesHeldInTreasury_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SharesHeldInTreasury_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of Shares held in treasury.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LongTermAssets" xlink:to="UGP_LongTermAssets_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LongTermAssets_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of long term assets. An entity shall disclose the amount expected to be recovered or settled after more than twelve months for each asset and liability line item that combines amounts expected to be recovered or settled (IAS 1.61).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IndemnityAssetBusinessCombination" xlink:to="UGP_IndemnityAssetBusinessCombination_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_IndemnityAssetBusinessCombination_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">In the process of transaction of the lubricants operation in Brazil between Chevron and subsidiary IPP, it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions prior to their association. The amounts of provisions of Chevron's liability recognized in the business combination will be reimbursed to subsidiary CBLSA in the event of losses and an indemnity asset was hereby constituted in the same amount, without the need to establish a provision for uncollectible amounts. Contingent assets are not recognised in financial statements since this may result in the recognition of income that may never be realised (IAS 37.33).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstruments" xlink:to="UGP_EquityInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity instrument granted.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfRestrictedStockProgramTableTextBlock" xlink:to="UGP_SummaryOfRestrictedStockProgramTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfRestrictedStockProgramTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of the restricted stock program.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock" xlink:to="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OpeningBalanceCblSA" xlink:to="UGP_OpeningBalanceCblSA_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_OpeningBalanceCblSA_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Initial balance of the new subsidiary CBLSA due to business combination</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA" xlink:to="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EmployeeBenefitPlansOpeningBalanceCBLSA_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Initial balance of the new subsidiary CBLSA due to business combination.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ProvisionsByNatureOpeningBalanceCBLSA" xlink:to="UGP_ProvisionsByNatureOpeningBalanceCBLSA_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ProvisionsByNatureOpeningBalanceCBLSA_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Initial balance of the new subsidiary CBLSA due to business combination.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_GrantCostsIncludingTaxes" xlink:to="UGP_GrantCostsIncludingTaxes_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_GrantCostsIncludingTaxes_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedRecognizedGrantCostsRelatedParties" xlink:to="UGP_AccumulatedRecognizedGrantCostsRelatedParties_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedRecognizedGrantCostsRelatedParties_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties" xlink:to="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AccumulatedUnrecognizedGrantCostsRelatedParties_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionsLoansAndDebenturesWithCashEffect" xlink:to="UGP_AdditionsLoansAndDebenturesWithCashEffect_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_AdditionsLoansAndDebenturesWithCashEffect_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoandsAndDebenturesInterestAccrued" xlink:to="UGP_LoandsAndDebenturesInterestAccrued_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoandsAndDebenturesInterestAccrued_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_PrincipalPaymentAndFinancialLeases" xlink:to="UGP_PrincipalPaymentAndFinancialLeases_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_PrincipalPaymentAndFinancialLeases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesInterestPayment" xlink:to="UGP_LoansAndDebenturesInterestPayment_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesInterestPayment_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesMonetaryVariation" xlink:to="UGP_LoansAndDebenturesMonetaryVariation_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesMonetaryVariation_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansAndDebenturesChangeInFairValue" xlink:to="UGP_LoansAndDebenturesChangeInFairValue_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansAndDebenturesChangeInFairValue_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstrumentGranted" xlink:to="UGP_EquityInstrumentGranted_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstrumentGranted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">On April 19, 2017, a new share-based incentive plan was approved, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury, according to IAS 19 policies.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncontrollingInterestsChangesCBLSA" xlink:to="UGP_NoncontrollingInterestsChangesCBLSA_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncontrollingInterestsChangesCBLSA_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncontrolling interests changes - CBLSA</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ReversalOfProvision" xlink:to="UGP_ReversalOfProvision_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ReversalOfProvision_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reversal of provision &#x2013; ICMS from PIS and COFINS tax bases due to court decision that that the ICMS does not make up the calculation of PIS and COFINS tax bases.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForfeitureOfSharesGranted" xlink:to="UGP_ForfeitureOfSharesGranted_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForfeitureOfSharesGranted_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forfeiture of shares granted in a share-based payment arrangement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_LoansDebenturesAndFinanceLeases" xlink:to="UGP_LoansDebenturesAndFinanceLeases_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_LoansDebenturesAndFinanceLeases_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_CurrencyAndInterestRateHedgingInstruments" xlink:to="UGP_CurrencyAndInterestRateHedgingInstruments_doc" xlink:type="arc"/>
      <link:label xlink:label="UGP_CurrencyAndInterestRateHedgingInstruments_doc" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency and interest rate hedging instruments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherTaxesPayableMember" xlink:to="UGP_OtherTaxesPayableMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherTaxesPayableMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OtherTaxesPayableMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherOperatingIncomeOtherMember" xlink:to="UGP_OtherOperatingIncomeOtherMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherOperatingIncomeOtherMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OtherOperatingIncomeOtherMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherSegmentsMember" xlink:to="UGP_OtherSegmentsMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherSegmentsMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OtherSegmentsMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_OtherRegionsMember" xlink:to="UGP_OtherRegionsMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_OtherRegionsMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OtherRegionsMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary2Member" xlink:to="UGP_Subsidiary2Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary2Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary3Member" xlink:to="UGP_Subsidiary3Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary3Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary3Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary4Member" xlink:to="UGP_Subsidiary4Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary4Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary4Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary5Member" xlink:to="UGP_Subsidiary5Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary5Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary5Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary6Member" xlink:to="UGP_Subsidiary6Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary6Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary6Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary7Member" xlink:to="UGP_Subsidiary7Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary7Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary7Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary8Member" xlink:to="UGP_Subsidiary8Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary8Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary8Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary9Member" xlink:to="UGP_Subsidiary9Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary9Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary9Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary10Member" xlink:to="UGP_Subsidiary10Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary10Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary10Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary11Member" xlink:to="UGP_Subsidiary11Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary11Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary11Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary12Member" xlink:to="UGP_Subsidiary12Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary12Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary12Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary13Member" xlink:to="UGP_Subsidiary13Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary13Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary13Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary14Member" xlink:to="UGP_Subsidiary14Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary14Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary14Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary15Member" xlink:to="UGP_Subsidiary15Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary15Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary15Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary16Member" xlink:to="UGP_Subsidiary16Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary16Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary16Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary17Member" xlink:to="UGP_Subsidiary17Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary17Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary17Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary18Member" xlink:to="UGP_Subsidiary18Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary18Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary18Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary19Member" xlink:to="UGP_Subsidiary19Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary19Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary19Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary20Member" xlink:to="UGP_Subsidiary20Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary20Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary20Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary21Member" xlink:to="UGP_Subsidiary21Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary21Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary21Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary22Member" xlink:to="UGP_Subsidiary22Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary22Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary22Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary23Member" xlink:to="UGP_Subsidiary23Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary23Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary23Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary24Member" xlink:to="UGP_Subsidiary24Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary24Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary24Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary25Member" xlink:to="UGP_Subsidiary25Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary25Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary25Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary26Member" xlink:to="UGP_Subsidiary26Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary26Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary26Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary27Member" xlink:to="UGP_Subsidiary27Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary27Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary27Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary28Member" xlink:to="UGP_Subsidiary28Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary28Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary28Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary29Member" xlink:to="UGP_Subsidiary29Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary29Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary29Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary30Member" xlink:to="UGP_Subsidiary30Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary30Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary30Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary31Member" xlink:to="UGP_Subsidiary31Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary31Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary31Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary32Member" xlink:to="UGP_Subsidiary32Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary32Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary32Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary33Member" xlink:to="UGP_Subsidiary33Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary33Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary33Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary34Member" xlink:to="UGP_Subsidiary34Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary34Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary34Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary35Member" xlink:to="UGP_Subsidiary35Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary35Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary35Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary36Member" xlink:to="UGP_Subsidiary36Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary36Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary36Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary37Member" xlink:to="UGP_Subsidiary37Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary37Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary37Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RelatiedPartiesOtherMember" xlink:to="UGP_RelatiedPartiesOtherMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RelatiedPartiesOtherMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RelatiedPartiesOtherMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary38Member" xlink:to="UGP_Subsidiary38Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary38Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary38Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary39Member" xlink:to="UGP_Subsidiary39Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary39Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary39Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary40Member" xlink:to="UGP_Subsidiary40Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary40Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary40Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary41Member" xlink:to="UGP_Subsidiary41Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary41Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary41Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary42Member" xlink:to="UGP_Subsidiary42Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary42Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary42Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary43Member" xlink:to="UGP_Subsidiary43Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary43Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary43Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary44Member" xlink:to="UGP_Subsidiary44Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary44Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary44Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary45Member" xlink:to="UGP_Subsidiary45Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary45Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary45Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Subsidiary46Member" xlink:to="UGP_Subsidiary46Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Subsidiary46Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary46Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_TotalMember" xlink:to="UGP_TotalMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_TotalMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TotalMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_IntangibleAssetsCostMember" xlink:to="UGP_IntangibleAssetsCostMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_IntangibleAssetsCostMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IntangibleAssetsCostMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssetsMember" xlink:to="ifrs-full_OtherIntangibleAssetsMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherIntangibleAssetsMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other intangible assets [member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanTwoMember" xlink:to="UGP_ForeignLoanTwoMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanTwoMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ForeignLoanTwoMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanThreeMember" xlink:to="UGP_ForeignLoanThreeMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanThreeMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ForeignLoanThreeMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_ForeignLoanFourMember" xlink:to="UGP_ForeignLoanFourMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_ForeignLoanFourMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ForeignLoanFourMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesLocalCurrency2Member" xlink:to="UGP_FixedIncomeSecuritiesLocalCurrency2Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency2Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FixedIncomeSecuritiesLocalCurrency2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FixedIncomeSecuritiesLocalCurrency3Member" xlink:to="UGP_FixedIncomeSecuritiesLocalCurrency3Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FixedIncomeSecuritiesLocalCurrency3Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FixedIncomeSecuritiesLocalCurrency3Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Financing2Member" xlink:to="UGP_Financing2Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Financing2Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialAssetTotalMember" xlink:to="UGP_FinancialAssetTotalMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialAssetTotalMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FinancialAssetTotalMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_FinancialLiabilitiesTotalMember" xlink:to="UGP_FinancialLiabilitiesTotalMember_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_FinancialLiabilitiesTotalMember_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FinancialLiabilitiesTotalMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan1Member" xlink:to="UGP_Loan1Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan1Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan1Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan2Member" xlink:to="UGP_Loan2Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan2Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan3Member" xlink:to="UGP_Loan3Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan3Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan3Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan4Member" xlink:to="UGP_Loan4Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan4Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan4Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan5Member" xlink:to="UGP_Loan5Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan5Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan5Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan6Member" xlink:to="UGP_Loan6Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan6Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan6Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan7Member" xlink:to="UGP_Loan7Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan7Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan7Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan8Member" xlink:to="UGP_Loan8Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan8Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan8Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan9Member" xlink:to="UGP_Loan9Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan9Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan9Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan10Member" xlink:to="UGP_Loan10Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan10Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan10Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan11Member" xlink:to="UGP_Loan11Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan11Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan11Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan12Member" xlink:to="UGP_Loan12Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan12Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan12Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan13Member" xlink:to="UGP_Loan13Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan13Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan13Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan14Member" xlink:to="UGP_Loan14Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan14Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan14Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan15Member" xlink:to="UGP_Loan15Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan15Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan15Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan16Member" xlink:to="UGP_Loan16Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan16Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan16Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan17Member" xlink:to="UGP_Loan17Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan17Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan17Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan18Member" xlink:to="UGP_Loan18Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan18Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan18Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan19Member" xlink:to="UGP_Loan19Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan19Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan19Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan20Member" xlink:to="UGP_Loan20Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan20Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan20Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan21Member" xlink:to="UGP_Loan21Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan21Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan21Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan22Member" xlink:to="UGP_Loan22Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan22Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan22Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_Loan23Member" xlink:to="UGP_Loan23Member_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_Loan23Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan23Member</link:label>
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      <link:label xlink:label="UGP_Loan30Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan30Member</link:label>
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      <link:label xlink:label="UGP_Debentures2Member_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debentures2Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentInvestments" xlink:to="UGP_NoncurrentInvestments_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentInvestments_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NoncurrentInvestments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_2_lbl" xlink:type="arc"/>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_RecoverableTaxesNoncurrent" xlink:to="UGP_RecoverableTaxesNoncurrent_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_RecoverableTaxesNoncurrent_4_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RecoverableTaxesNoncurrent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentReceivables" xlink:to="ifrs-full_OtherNoncurrentReceivables_2_lbl" xlink:type="arc"/>
      <link:label xlink:label="ifrs-full_OtherNoncurrentReceivables_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current receivables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_NoncurrentPrepaidExpenses" xlink:to="UGP_NoncurrentPrepaidExpenses_4_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_NoncurrentPrepaidExpenses_4_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NoncurrentPrepaidExpenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_InvestmentsInSubsidiariesOther" xlink:to="UGP_InvestmentsInSubsidiariesOther_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_InvestmentsInSubsidiariesOther_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">InvestmentsInSubsidiariesOther</link:label>
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      <link:label xlink:label="ifrs-full_DebtSecurities_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments issued</link:label>
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      <link:label xlink:label="UGP_RelatedPartiesLiabilitiesNoncurrent_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RelatedPartiesLiabilitiesNoncurrent</link:label>
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      <link:label xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current provisions for employee benefits</link:label>
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      <link:label xlink:label="UGP_ProvisionForAssetRetirementObligation_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ProvisionForAssetRetirementObligation</link:label>
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      <link:label xlink:label="UGP_NoncurrentProvisionForTaxCivilAndLaborRisks_4_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NoncurrentProvisionForTaxCivilAndLaborRisks</link:label>
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      <link:label xlink:label="ifrs-full_OtherNoncurrentPayables_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current payables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityInstruments" xlink:to="UGP_EquityInstruments_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityInstruments_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EquityInstruments</link:label>
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      <link:label xlink:label="ifrs-full_CapitalReserve_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital reserve [Default Label]</link:label>
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      <link:label xlink:label="ifrs-full_TreasuryShares_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares [Default Label]</link:label>
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      <link:label xlink:label="ifrs-full_OtherReserves_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_EquityValuationAdjustments" xlink:to="UGP_EquityValuationAdjustments_3_lbl" xlink:type="arc"/>
      <link:label xlink:label="UGP_EquityValuationAdjustments_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EquityValuationAdjustments</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UGP_AdditionalDividendsMinimumMandatoryDividends" xlink:to="UGP_AdditionalDividendsMinimumMandatoryDividends_3_lbl" xlink:type="arc"/>
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      <link:label xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
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      <link:label xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_4_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Selling, general and administrative expense</link:label>
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      <link:label xlink:label="ifrs-full_AdministrativeExpense_4_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administrative expenses</link:label>
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      <link:label xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other adjustments for non-cash items</link:label>
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      <link:label xlink:label="UGP_LegalReserve_3_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LegalReserve</link:label>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>ugp-20171231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - shares<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<th class="th"><div>Dec. 31, 2017</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Is Entity a Well-known Seasoned Issuer?</a></td>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792689360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Balance Sheets - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 5,002,004<span></span>
</td>
<td class="nump">R$ 4,274,158<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Financial investments and hedging instruments</a></td>
<td class="nump">1,283,498<span></span>
</td>
<td class="nump">1,412,587<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables and reseller financing, net</a></td>
<td class="nump">4,337,118<span></span>
</td>
<td class="nump">3,502,322<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories, net</a></td>
<td class="nump">3,491,879<span></span>
</td>
<td class="nump">2,761,207<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssets', window );">Recoverable taxes, net</a></td>
<td class="nump">881,584<span></span>
</td>
<td class="nump">541,772<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DividendsReceivableCurrent', window );">Dividends receivable</a></td>
<td class="nump">11,137<span></span>
</td>
<td class="nump">8,616<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentReceivables', window );">Other receivables</a></td>
<td class="nump">44,025<span></span>
</td>
<td class="nump">20,573<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentReceivables', window );">Trade receivables &#8211; insurer&#8217;s indemnification</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">366,678<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepaidExpenses', window );">Prepaid expenses, net</a></td>
<td class="nump">150,046<span></span>
</td>
<td class="nump">123,883<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">15,201,291<span></span>
</td>
<td class="nump">13,011,796<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>Non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentInvestments', window );">Financial investments and hedging instruments</a></td>
<td class="nump">84,426<span></span>
</td>
<td class="nump">15,104<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentTradeReceivables', window );">Trade receivables and reseller financing, net</a></td>
<td class="nump">329,991<span></span>
</td>
<td class="nump">227,085<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties', window );">Related parties</a></td>
<td class="nump">490<span></span>
</td>
<td class="nump">490<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">545,611<span></span>
</td>
<td class="nump">417,344<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxesNoncurrent', window );">Recoverable taxes, net</a></td>
<td class="nump">313,242<span></span>
</td>
<td class="nump">182,617<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Escrow deposits</a></td>
<td class="nump">822,660<span></span>
</td>
<td class="nump">778,770<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndemnityAssetBusinessCombination', window );">Indemnity asset &#8211; business combination</a></td>
<td class="nump">202,352<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentReceivables', window );">Other receivables</a></td>
<td class="nump">7,918<span></span>
</td>
<td class="nump">2,678<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentPrepaidExpenses', window );">Prepaid expenses, net</a></td>
<td class="nump">346,886<span></span>
</td>
<td class="nump">222,518<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LongTermAssets', window );">Total long term assets</a></td>
<td class="nump">2,653,576<span></span>
</td>
<td class="nump">1,846,606<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentAbstract', window );"><strong>Investments</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">In joint-ventures</a></td>
<td class="nump">122,061<span></span>
</td>
<td class="nump">116,142<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">In associates</a></td>
<td class="nump">25,341<span></span>
</td>
<td class="nump">22,731<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesOther', window );">Other</a></td>
<td class="nump">2,792<span></span>
</td>
<td class="nump">2,814<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, net</a></td>
<td class="nump">6,607,788<span></span>
</td>
<td class="nump">5,787,982<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets, net</a></td>
<td class="nump">3,727,473<span></span>
</td>
<td class="nump">3,371,599<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsTotal', window );">Total investments</a></td>
<td class="nump">10,485,455<span></span>
</td>
<td class="nump">9,301,268<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="nump">11,147,874<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">28,340,322<span></span>
</td>
<td class="nump">24,159,670<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansCurrent', window );">Loans and hedging instruments</a></td>
<td class="nump">1,819,766<span></span>
</td>
<td class="nump">1,821,398<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued', window );">Debentures</a></td>
<td class="nump">1,681,199<span></span>
</td>
<td class="nump">651,591<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinanceLeaseLiabilities', window );">Finance leases</a></td>
<td class="nump">2,710<span></span>
</td>
<td class="nump">2,615<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">2,155,498<span></span>
</td>
<td class="nump">1,709,653<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">388,118<span></span>
</td>
<td class="nump">362,718<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">225,829<span></span>
</td>
<td class="nump">171,033<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDividendPayables', window );">Dividends payable</a></td>
<td class="nump">338,845<span></span>
</td>
<td class="nump">320,883<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax', window );">Income and social contribution taxes payable</a></td>
<td class="nump">86,836<span></span>
</td>
<td class="nump">139,981<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentProvisionsForEmployeeBenefits', window );">Post-employment benefits</a></td>
<td class="nump">30,059<span></span>
</td>
<td class="nump">24,940<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrentProvisionAssetRetirementObligation', window );">Provision for asset retirement obligation</a></td>
<td class="nump">4,799<span></span>
</td>
<td class="nump">4,563<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrentProvisionForTaxCivilAndLaborRisks', window );">Provision for tax, civil, and labor risks</a></td>
<td class="nump">64,550<span></span>
</td>
<td class="nump">52,694<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CustomersAndThirdPartiesPayables', window );">Payables &#8211; customers and third parties&#8217; indemnification</a></td>
<td class="nump">72,216<span></span>
</td>
<td class="nump">99,863<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentPayables', window );">Other payables</a></td>
<td class="nump">125,150<span></span>
</td>
<td class="nump">102,714<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeCurrent', window );">Deferred revenue</a></td>
<td class="nump">18,413<span></span>
</td>
<td class="nump">22,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="nump">5,486,946<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>Non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansNoncurrent', window );">Loans and hedging instruments</a></td>
<td class="nump">6,113,545<span></span>
</td>
<td class="nump">6,800,135<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Debentures</a></td>
<td class="nump">3,927,569<span></span>
</td>
<td class="nump">2,095,290<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinanceLeaseLiabilities', window );">Finance leases</a></td>
<td class="nump">45,805<span></span>
</td>
<td class="nump">46,101<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RelatedPartiesLiabilitiesNoncurrent', window );">Related parties</a></td>
<td class="nump">4,185<span></span>
</td>
<td class="nump">4,272<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesPayable', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">38,524<span></span>
</td>
<td class="nump">7,645<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits', window );">Post-employment benefits</a></td>
<td class="nump">207,464<span></span>
</td>
<td class="nump">119,811<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForAssetRetirementObligation', window );">Provision for asset retirement obligation</a></td>
<td class="nump">59,975<span></span>
</td>
<td class="nump">73,001<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentProvisionForTaxCivilAndLaborRisks', window );">Provision for tax, civil, and labor risks</a></td>
<td class="nump">861,246<span></span>
</td>
<td class="nump">727,088<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeNoncurrent', window );">Deferred revenue</a></td>
<td class="nump">12,896<span></span>
</td>
<td class="nump">12,510<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrants', window );">Subscription warrants &#8211; indemnification</a></td>
<td class="nump">171,459<span></span>
</td>
<td class="nump">153,429<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentPayables', window );">Other payables</a></td>
<td class="nump">162,834<span></span>
</td>
<td class="nump">74,884<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">11,605,502<span></span>
</td>
<td class="nump">10,114,166<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Shareholders&#8217; equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Share capital</a></td>
<td class="nump">5,171,752<span></span>
</td>
<td class="nump">3,838,686<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquityInstruments', window );">Equity instrument granted</a></td>
<td class="nump">536<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CapitalReserve', window );">Capital reserve</a></td>
<td class="nump">549,778<span></span>
</td>
<td class="nump">552,038<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TreasuryShares', window );">Treasury shares</a></td>
<td class="num">(482,260)<span></span>
</td>
<td class="num">(483,879)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReserves', window );">Revaluation reserve on subsidiaries</a></td>
<td class="nump">4,930<span></span>
</td>
<td class="nump">5,339<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfDiscretionaryParticipationFeatures', window );">Profit reserves</a></td>
<td class="nump">3,760,079<span></span>
</td>
<td class="nump">4,466,392<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquityValuationAdjustments', window );">Valuation adjustments</a></td>
<td class="nump">159,643<span></span>
</td>
<td class="num">(23,987)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationAdjustments', window );">Cumulative translation adjustments</a></td>
<td class="nump">53,061<span></span>
</td>
<td class="nump">7,519<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionalDividendsMinimumMandatoryDividends', window );">Additional dividends to the minimum mandatory dividends</a></td>
<td class="nump">163,742<span></span>
</td>
<td class="nump">165,515<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityAttributableToAbstract', window );"><strong>Shareholders&#8217; equity attributable to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders of the Company</a></td>
<td class="nump">9,381,261<span></span>
</td>
<td class="nump">8,527,623<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests in subsidiaries</a></td>
<td class="nump">339,571<span></span>
</td>
<td class="nump">30,935<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total shareholders&#8217; equity</a></td>
<td class="nump">9,720,832<span></span>
</td>
<td class="nump">8,558,558<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and shareholders&#8217; equity</a></td>
<td class="nump">R$ 28,340,322<span></span>
</td>
<td class="nump">R$ 24,159,670<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionalDividendsMinimumMandatoryDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period,</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionalDividendsMinimumMandatoryDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrentProvisionAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrentProvisionAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrentProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrentProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CustomersAndThirdPartiesPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount to be paid due to the Ultracargo incident</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CustomersAndThirdPartiesPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of short-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DividendsReceivableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognized when the shareholder's right to receive payment is established.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DividendsReceivableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EquityInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity instrument granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EquityInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EquityValuationAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Substantially refers to effective portion of gains and losses on hedging instruments (IAS 39) and actuarial gains and losses on defined benefit plans (IAS 19.93A)</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EquityValuationAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits; Unused tax credits; Unused tax losses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IndemnityAssetBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>In the process of transaction of the lubricants operation in Brazil between Chevron and subsidiary IPP, it was agreed that each shareholder is responsible for any claims arising out of acts, facts or omissions prior to their association. The amounts of provisions of Chevron's liability recognized in the business combination will be reimbursed to subsidiary CBLSA in the event of losses and an indemnity asset was hereby constituted in the same amount, without the need to establish a provision for uncollectible amounts. Contingent assets are not recognised in financial statements since this may result in the recognition of income that may never be realised (IAS 37.33).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IndemnityAssetBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInSubsidiariesInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity, including an unincorporated entity such as a partnership, over which the investor has significant influence and that is neither a subsidiary nor an interest in a joint venture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInSubsidiariesInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInSubsidiariesJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of investments in joint-ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInSubsidiariesJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInSubsidiariesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInSubsidiariesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsTotal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsTotal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of loans having initial terms less than one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of loans having terms more than one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LongTermAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of long term assets. An entity shall disclose the amount expected to be recovered or settled after more than twelve months for each asset and liability line item that combines amounts expected to be recovered or settled (IAS 1.61).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LongTermAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of investments in debt and equity securities, including, but not limited to, held-to-maturity, trading and available-for-sale expected to be converted to cash, sold or exchanged in period further than one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a Non-current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RecoverableTaxesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for tax in respect of current and prior periods over the amount due for those periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RecoverableTaxesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RelatedPartiesLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables due from related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RelatedPartiesLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalariesAndRelatedCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareholdersEquityAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareholdersEquityAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscriptionWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscriptionWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TranslationAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income resulting from varying exchange rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TranslationAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CapitalReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the capital reserves.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CapitalReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDividendPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current dividend payables. [Refer: Dividend payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDividendPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current notes and debentures issued and the current portion of non-current notes and debentures issued. [Refer: Notes and debentures issued]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current tax for current and prior periods to the extent unpaid. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph r<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2016-01-13<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2016-03-30&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 36<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2016-01-13<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=10&amp;date=2016-03-30&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing reserves within equity, not including retained earnings. [Refer: Retained earnings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payment due on social security and taxes other than income tax. Income taxes include all domestic and foreign taxes that are based on taxable profits. Income taxes also include taxes, such as withholding taxes, that are payable by a subsidiary, associate or joint arrangement on distributions to the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfDiscretionaryParticipationFeatures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity resulting from discretionary participation features. Discretionary participation features are contractual rights to receive, as a supplement to guaranteed benefits, additional benefits: (a) that are likely to be a significant portion of the total contractual benefits; (b) whose amount or timing is contractually at the discretion of the issuer; and (c) that are contractually based on: (i) the performance of a specified pool of contracts or a specified type of contract; (ii) realised and/or unrealised investment returns on a specified pool of assets held by the issuer; or (iii) the profit or loss of the company, fund or other entity that issues the contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2016-01-13<br> -Paragraph IG22<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2016-03-30&amp;anchor=para_IG22_f&amp;doctype=Implementation%20Guidance<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfDiscretionaryParticipationFeatures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_h&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of receivables due from related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity&#8217;s own equity instruments, held by the entity or other members of the consolidated group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<SEQUENCE>10
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792040128">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Statements - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">R$ 80,007,422<span></span>
</td>
<td class="nump">R$ 77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="num">(72,735,781)<span></span>
</td>
<td class="num">(70,342,723)<span></span>
</td>
<td class="num">(68,933,702)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">7,271,641<span></span>
</td>
<td class="nump">7,010,232<span></span>
</td>
<td class="nump">6,721,572<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingIncomeExpensesAbstract', window );"><strong>Operating income (expenses)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing</a></td>
<td class="num">(2,885,311)<span></span>
</td>
<td class="num">(2,651,501)<span></span>
</td>
<td class="num">(2,516,561)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative</a></td>
<td class="num">(1,576,528)<span></span>
</td>
<td class="num">(1,445,859)<span></span>
</td>
<td class="num">(1,321,341)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment', window );">Gain (loss) on disposal of property, plant and equipment and intangibles</a></td>
<td class="num">(2,242)<span></span>
</td>
<td class="num">(6,134)<span></span>
</td>
<td class="nump">27,276<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">59,360<span></span>
</td>
<td class="nump">198,972<span></span>
</td>
<td class="nump">50,584<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates', window );">Operating income before financial income (expenses) and share of profit (loss) of joint ventures and associates</a></td>
<td class="nump">2,866,920<span></span>
</td>
<td class="nump">3,105,710<span></span>
</td>
<td class="nump">2,961,530<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Financial income</a></td>
<td class="nump">585,101<span></span>
</td>
<td class="nump">513,243<span></span>
</td>
<td class="nump">426,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expenses</a></td>
<td class="nump">1,059,397<span></span>
</td>
<td class="nump">1,355,819<span></span>
</td>
<td class="nump">1,129,767<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="num">(474,296)<span></span>
</td>
<td class="num">(842,576)<span></span>
</td>
<td class="num">(703,338)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint ventures and associates</a></td>
<td class="nump">20,673<span></span>
</td>
<td class="nump">7,476<span></span>
</td>
<td class="num">(10,884)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income and social contribution taxes</a></td>
<td class="nump">2,413,297<span></span>
</td>
<td class="nump">2,270,610<span></span>
</td>
<td class="nump">2,247,308<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Income and social contribution taxes</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Current</a></td>
<td class="num">(922,458)<span></span>
</td>
<td class="num">(800,497)<span></span>
</td>
<td class="num">(719,523)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncome', window );">Deferred</a></td>
<td class="nump">83,029<span></span>
</td>
<td class="nump">100,505<span></span>
</td>
<td class="num">(14,813)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income and social contribution taxes, total</a></td>
<td class="num">(839,429)<span></span>
</td>
<td class="num">(699,992)<span></span>
</td>
<td class="num">(734,336)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">1,573,868<span></span>
</td>
<td class="nump">1,570,618<span></span>
</td>
<td class="nump">1,512,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract', window );"><strong>Net income for the year attributable to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders of the Company</a></td>
<td class="nump">1,574,306<span></span>
</td>
<td class="nump">1,561,585<span></span>
</td>
<td class="nump">1,503,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests in subsidiaries</a></td>
<td class="num">R$ (438)<span></span>
</td>
<td class="nump">R$ 9,033<span></span>
</td>
<td class="nump">R$ 9,506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share (based on weighted average number of shares outstanding) &#8211; R$</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic</a></td>
<td class="nump">R$ 2.9056<span></span>
</td>
<td class="nump">R$ 2.8844<span></span>
</td>
<td class="nump">R$ 2.7649<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted</a></td>
<td class="nump">R$ 2.8847<span></span>
</td>
<td class="nump">R$ 2.8626<span></span>
</td>
<td class="nump">R$ 2.7433<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax refers to annual taxes levied by the federal government. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of Operating income before financial income or expenses and share of profit or loss of joint ventures and associate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingIncomeBeforeFinancialIncomeExpensesAndShareOfProfitLossOfJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingIncomeExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingIncomeExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2016-03-30&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on disposals of property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 98<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_98_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2016-03-30&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2016-01-13<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2016-03-30&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792032528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Statements of Comprehensive Income - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year attributable to shareholders of the Company</a></td>
<td class="nump">R$ 1,574,306<span></span>
</td>
<td class="nump">R$ 1,561,585<span></span>
</td>
<td class="nump">R$ 1,503,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Net income for the year attributable to non-controlling interests in subsidiaries</a></td>
<td class="num">(438)<span></span>
</td>
<td class="nump">9,033<span></span>
</td>
<td class="nump">9,506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">1,573,868<span></span>
</td>
<td class="nump">1,570,618<span></span>
</td>
<td class="nump">1,512,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract', window );"><strong>Items that are subsequently reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FairValueAdjustmentSubsidiaries', window );">Fair value adjustments of financial instruments of subsidiaries, net</a></td>
<td class="num">(4,016)<span></span>
</td>
<td class="num">(33,653)<span></span>
</td>
<td class="nump">11,042<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FairValueAdjustmentJointVenture', window );">Fair value adjustments of financial instruments of joint ventures, net</a></td>
<td class="nump">3,535<span></span>
</td>
<td class="num">(1,014)<span></span>
</td>
<td class="num">(3,309)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss', window );">Cumulative translation adjustments, net of hedge of net investments in foreign operations</a></td>
<td class="nump">45,542<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract', window );"><strong>Items that are not subsequently reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsForNoncashItems', window );">Actuarial gains (losses) of post-employment benefits, net</a></td>
<td class="num">(23,856)<span></span>
</td>
<td class="num">(8,647)<span></span>
</td>
<td class="nump">4,071<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherAdjustmentsForNoncashItems1', window );">Actuarial gains (losses) of post-employment benefits of joint ventures, net</a></td>
<td class="nump">544<span></span>
</td>
<td class="nump">374<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="nump">1,595,617<span></span>
</td>
<td class="nump">1,468,272<span></span>
</td>
<td class="nump">1,548,509<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Total comprehensive income for the year attributable to shareholders of the Company</a></td>
<td class="nump">1,601,290<span></span>
</td>
<td class="nump">1,459,239<span></span>
</td>
<td class="nump">1,539,003<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests', window );">Total comprehensive income for the year attributable to non-controlling interest in subsidiaries</a></td>
<td class="num">R$ (5,673)<span></span>
</td>
<td class="nump">R$ 9,033<span></span>
</td>
<td class="nump">R$ 9,506<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FairValueAdjustmentJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FairValueAdjustmentJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FairValueAdjustmentSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FairValueAdjustmentSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ItemsThatAreNotSubsequentlyReclassifiedToProfitOrLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ItemsThatAreSubsequentlyReclassifiedToProfitOrLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherAdjustmentsForNoncashItems1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherAdjustmentsForNoncashItems1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_b_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsForNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsForNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Adjustments to reconcile profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsToReconcileProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6796745488">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Statements of Changes in Shareholders&#8217; Equity - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Share Capital</div></th>
<th class="th"><div>Equity instrument granted</div></th>
<th class="th"><div>Capital reserve</div></th>
<th class="th"><div>Treasury shares</div></th>
<th class="th"><div>Revaluation reserve on subsidiaries</div></th>
<th class="th"><div>Legal reserve</div></th>
<th class="th"><div>Investments statutory reserve</div></th>
<th class="th"><div>Retention of profits</div></th>
<th class="th"><div>Valuation adjustments</div></th>
<th class="th"><div>Cumulative translation adjustments</div></th>
<th class="th"><div>Retained earnings</div></th>
<th class="th"><div>Additional dividends to the minimum mandatory dividends</div></th>
<th class="th"><div>Shareholders of the Company</div></th>
<th class="th"><div>Non-controlling interests in subsidiaries</div></th>
<th class="th"><div>Consolidated shareholders' equity</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Beginning balance at Dec. 31, 2014</a></td>
<td class="nump">R$ 3,838,686<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 547,462<span></span>
</td>
<td class="num">R$ (103,018)<span></span>
</td>
<td class="nump">R$ 5,848<span></span>
</td>
<td class="nump">R$ 397,177<span></span>
</td>
<td class="nump">R$ 1,439,461<span></span>
</td>
<td class="nump">R$ 1,333,066<span></span>
</td>
<td class="nump">R$ 7,149<span></span>
</td>
<td class="nump">R$ 43,192<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 188,976<span></span>
</td>
<td class="nump">R$ 7,697,999<span></span>
</td>
<td class="nump">R$ 28,596<span></span>
</td>
<td class="nump">R$ 7,726,595<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,503,466<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,503,466<span></span>
</td>
<td class="nump">9,506<span></span>
</td>
<td class="nump">1,512,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFairValueGainsLosses', window );">Fair value adjustments of financial instruments, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,733<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,733<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">7,733<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialGainsOfPostEmploymentBenefitsNet', window );">Actuarial gains of post-employment benefits, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,071<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,071<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">4,071<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss', window );">Currency translation of foreign subsidiaries, including the effect of net investments hedge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,804<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
<td class="nump">1,503,466<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,539,003<span></span>
</td>
<td class="nump">9,506<span></span>
</td>
<td class="nump">1,548,509<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionOfOwnSharesToBeHeldInTreasury', window );">Acquisition of own shares to be held in treasury</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(855)<span></span>
</td>
<td class="num">(387,863)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(388,718)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(388,718)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealizationOfRevaluationReserveOfSubsidiaries', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(258)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">258<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries', window );">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(120)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(120)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(120)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve', window );">Transfer to investments reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">138<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(138)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests', window );">Dividends attributable to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(2,757)<span></span>
</td>
<td class="num">(2,757)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionOfNoncontrollingInterests', window );">Acquisition of non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(9)<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AddititionalDividendsNonControlingInterest', window );">Additional dividends attributable to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(6,248)<span></span>
</td>
<td class="num">(6,248)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting', window );">Approval of additional dividends by the Shareholders&#8217; Meeting</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(188,976)<span></span>
</td>
<td class="num">(188,976)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(188,976)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LegalReserve', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">75,173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(75,173)<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterimDividends', window );">Interim dividends (R$ 0.80 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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</td>
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</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(436,842)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(436,842)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(436,842)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProposedDividends', window );">Proposed dividends (R$ 0.80 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(434,467)<span></span>
</td>
<td class="nump">157,162<span></span>
</td>
<td class="num">(277,305)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(277,305)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_StatutoryInvestmentsReserve', window );">Retention of profits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">556,984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(556,984)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2015</a></td>
<td class="nump">3,838,686<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">546,607<span></span>
</td>
<td class="num">(490,881)<span></span>
</td>
<td class="nump">5,590<span></span>
</td>
<td class="nump">472,350<span></span>
</td>
<td class="nump">1,996,583<span></span>
</td>
<td class="nump">1,333,066<span></span>
</td>
<td class="nump">18,953<span></span>
</td>
<td class="nump">66,925<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">157,162<span></span>
</td>
<td class="nump">7,945,041<span></span>
</td>
<td class="nump">29,088<span></span>
</td>
<td class="nump">7,974,129<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,561,585<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,561,585<span></span>
</td>
<td class="nump">9,033<span></span>
</td>
<td class="nump">1,570,618<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses', window );">Fair value adjustments of available for sale, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(34,667)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(34,667)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(34,667)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostEmploymentBenefitsNet', window );">Actuarial losses of post-employment benefits, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,273)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,273)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(8,273)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss', window );">Currency translation of foreign subsidiaries, including the effect of net investments hedge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42,940)<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
<td class="nump">1,561,585<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,459,239<span></span>
</td>
<td class="nump">9,033<span></span>
</td>
<td class="nump">1,468,272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SaleOrIssueOfTreasuryShares', window );">Sale of treasury shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,431<span></span>
</td>
<td class="nump">7,002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,433<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">12,433<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealizationOfRevaluationReserveOfSubsidiaries', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(251)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries', window );">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(42)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpiredDividends', window );">Expired dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,868<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,868<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">9,868<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve', window );">Transfer to investments reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,077)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AddititionalDividendsNonControlingInterest', window );">Additional dividends attributable to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(7,186)<span></span>
</td>
<td class="num">(7,186)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting', window );">Approval of additional dividends by the Shareholders&#8217; Meeting</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(157,162)<span></span>
</td>
<td class="num">(157,162)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(157,162)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LegalReserve', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">78,078<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(78,078)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterimDividends', window );">Interim dividends (R$ 0.80 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(434,619)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(434,619)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(434,619)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProposedDividends2', window );">Proposed dividends (R$ 0.87 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(472,650)<span></span>
</td>
<td class="nump">165,515<span></span>
</td>
<td class="num">(307,135)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(307,135)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_StatutoryInvestmentsReserve', window );">Retention of profits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">576,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(576,238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2016</a></td>
<td class="nump">3,838,686<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">552,038<span></span>
</td>
<td class="num">(483,879)<span></span>
</td>
<td class="nump">5,339<span></span>
</td>
<td class="nump">550,428<span></span>
</td>
<td class="nump">2,582,898<span></span>
</td>
<td class="nump">1,333,066<span></span>
</td>
<td class="num">(23,987)<span></span>
</td>
<td class="nump">7,519<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">165,515<span></span>
</td>
<td class="nump">8,527,623<span></span>
</td>
<td class="nump">30,935<span></span>
</td>
<td class="nump">8,558,558<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,574,306<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,574,306<span></span>
</td>
<td class="num">(438)<span></span>
</td>
<td class="nump">1,573,868<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeAbstract', window );"><strong>Other comprehensive income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses', window );">Fair value adjustments of available for sale, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(481)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(481)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(481)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostEmploymentBenefitsNet', window );">Actuarial losses of post-employment benefits, net of income taxes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,077)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,077)<span></span>
</td>
<td class="num">(5,235)<span></span>
</td>
<td class="num">(23,312)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss', window );">Currency translation of foreign subsidiaries, including the effect of net investments hedge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,542<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,542<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">45,542<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,558)<span></span>
</td>
<td class="nump">45,542<span></span>
</td>
<td class="nump">1,574,306<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,601,290<span></span>
</td>
<td class="num">(5,673)<span></span>
</td>
<td class="nump">1,595,617<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Capital increase with reserves</a></td>
<td class="nump">1,333,066<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,333,066)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquityInstrumentGranted', window );">Equity instrument granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">536<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">536<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">536<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SaleOrIssueOfTreasuryShares', window );">Sale of treasury shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,114<span></span>
</td>
<td class="nump">3,685<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,799<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">6,799<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfTreasuryShares', window );">Purchase of treasury shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,374)<span></span>
</td>
<td class="num">(2,066)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,440)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(7,440)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealizationOfRevaluationReserveOfSubsidiaries', window );">Realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(409)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries', window );">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(96)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(96)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(96)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpiredDividends', window );">Expired dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,029<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,029<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve', window );">Transfer to investments reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,342<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,342)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AddititionalDividendsNonControlingInterest', window );">Additional dividends attributable to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(8,730)<span></span>
</td>
<td class="num">(8,730)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting', window );">Approval of additional dividends by the Shareholders&#8217; Meeting</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(165,515)<span></span>
</td>
<td class="num">(165,515)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(165,515)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncontrollingInterestsAddedDueToBusinessCombination', window );">Noncontrolling interests added due to business combination</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">182,603<span></span>
</td>
<td class="nump">182,603<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncontrollingInterestsChangesCBLSA', window );">Noncontrolling interests changes &#8211; CBLSA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">202,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">202,188<span></span>
</td>
<td class="nump">140,436<span></span>
</td>
<td class="nump">342,624<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllocationOfNetIncomeAbstract', window );"><strong>Allocation of net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LegalReserve', window );">Legal reserve</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">78,716<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(78,716)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterimDividends2', window );">Interim dividends (R$ 0.85 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(461,868)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(461,868)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(461,868)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProposedDividends3', window );">Proposed dividends (R$ 0.90 per share of the Company)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(489,027)<span></span>
</td>
<td class="nump">163,742<span></span>
</td>
<td class="num">(325,285)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(325,285)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_StatutoryInvestmentsReserve', window );">Retention of profits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">544,695<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(544,695)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Ending balance at Dec. 31, 2017</a></td>
<td class="nump">R$ 5,171,752<span></span>
</td>
<td class="nump">R$ 536<span></span>
</td>
<td class="nump">R$ 549,778<span></span>
</td>
<td class="num">R$ (482,260)<span></span>
</td>
<td class="nump">R$ 4,930<span></span>
</td>
<td class="nump">R$ 629,144<span></span>
</td>
<td class="nump">R$ 3,130,935<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 159,643<span></span>
</td>
<td class="nump">R$ 53,061<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 163,742<span></span>
</td>
<td class="nump">R$ 9,381,261<span></span>
</td>
<td class="nump">R$ 339,571<span></span>
</td>
<td class="nump">R$ 9,720,832<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AcquisitionOfNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to the acquisition of non-controlling interests in a subsidiary not attributable, directly or indirectly, to a parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AcquisitionOfNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AcquisitionOfOwnSharesToBeHeldInTreasury">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to acquisition of own shares to be held in treasury</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AcquisitionOfOwnSharesToBeHeldInTreasury</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialGainsOfPostEmploymentBenefitsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialGainsOfPostEmploymentBenefitsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialLossesOfPostEmploymentBenefitsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialLossesOfPostEmploymentBenefitsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AddititionalDividendsNonControlingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AddititionalDividendsNonControlingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsOfAvailableForSaleForFairValueGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AllocationOfNetIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AllocationOfNetIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ApprovalOfAdditionalDividendsByShareholdersMeeting</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EquityInstrumentGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>On April 19, 2017, a new share-based incentive plan was approved, which establishes the general terms and conditions for the concession of common shares issued by the Company held in treasury, according to IAS 19 policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EquityInstrumentGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExpiredDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expired dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExpiredDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income and social contribution taxes on realization of revaluation reserve of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesOnRealizationOfRevaluationReserveOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterimDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Dividends payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterimDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterimDividends2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterimDividends2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LegalReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the allocation of income for legal reserve.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LegalReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncontrollingInterestsAddedDueToBusinessCombination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncontrollingInterestsAddedDueToBusinessCombination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncontrollingInterestsChangesCBLSA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Noncontrolling interests changes - CBLSA</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncontrollingInterestsChangesCBLSA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProposedDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProposedDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProposedDividends2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProposedDividends2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProposedDividends3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProposedDividends3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RealizationOfRevaluationReserveOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The revaluation reserve reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RealizationOfRevaluationReserveOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_StatutoryInvestmentsReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The allocation of income for retention of profits purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_StatutoryInvestmentsReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFairValueGainsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for fair value losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFairValueGainsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to non-controlling interests. [Refer: Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from transfers to a statutory reserve. [Refer: Statutory reserve]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransferToStatutoryReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsToReconcileProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Adjustments to reconcile profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsToReconcileProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in equity resulting from the purchase of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SaleOrIssueOfTreasuryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity resulting from the sale or issue of treasury shares. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SaleOrIssueOfTreasuryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6791332000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Statements of Cash Flows&#8212;Indirect Method - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">R$ 1,573,868<span></span>
</td>
<td class="nump">R$ 1,570,618<span></span>
</td>
<td class="nump">R$ 1,512,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments to reconcile net income to cash provided by operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of loss (profit) of joint ventures&#160;and associates</a></td>
<td class="num">(20,673)<span></span>
</td>
<td class="num">(7,476)<span></span>
</td>
<td class="nump">10,884<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">1,175,951<span></span>
</td>
<td class="nump">1,103,538<span></span>
</td>
<td class="nump">1,002,647<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CreditsOnDepreciation', window );">PIS and COFINS credits on depreciation</a></td>
<td class="nump">13,134<span></span>
</td>
<td class="nump">12,581<span></span>
</td>
<td class="nump">12,146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForAssetRetirementObligation', window );">Asset retirement obligation</a></td>
<td class="num">(15,432)<span></span>
</td>
<td class="num">(2,785)<span></span>
</td>
<td class="num">(3,949)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains', window );">Interest, monetary, and foreign exchange rate variations</a></td>
<td class="nump">854,671<span></span>
</td>
<td class="nump">763,793<span></span>
</td>
<td class="nump">1,582,579<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income and social contribution taxes</a></td>
<td class="num">(83,029)<span></span>
</td>
<td class="num">(100,505)<span></span>
</td>
<td class="nump">14,813<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles', window );">(Gain) loss on disposal of property, plant and equipment and intangibles</a></td>
<td class="nump">2,242<span></span>
</td>
<td class="nump">6,134<span></span>
</td>
<td class="num">(27,276)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherAdjustments', window );">Others</a></td>
<td class="num">(868)<span></span>
</td>
<td class="num">(6,515)<span></span>
</td>
<td class="nump">13,313<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLoss', window );">Adjustments, total</a></td>
<td class="nump">3,499,864<span></span>
</td>
<td class="nump">3,339,383<span></span>
</td>
<td class="nump">4,118,129<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncreaseDecreaseInCurrentAssetsAbstract', window );"><strong>(Increase) decrease in current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable', window );">Trade receivables</a></td>
<td class="num">(665,145)<span></span>
</td>
<td class="num">(326,695)<span></span>
</td>
<td class="num">(615,381)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories', window );">Inventories</a></td>
<td class="num">(605,757)<span></span>
</td>
<td class="num">(262,993)<span></span>
</td>
<td class="num">(615,390)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForRecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="num">(334,217)<span></span>
</td>
<td class="nump">87,006<span></span>
</td>
<td class="num">(60,141)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DividendsReceivedFromAssociatesAndJointVentures', window );">Dividends received from joint-ventures and associates</a></td>
<td class="nump">29,411<span></span>
</td>
<td class="nump">7,925<span></span>
</td>
<td class="nump">3,417<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForInsuranceAndOtherReceivables', window );">Insurance and other receivables</a></td>
<td class="nump">358,682<span></span>
</td>
<td class="num">(309,725)<span></span>
</td>
<td class="nump">13,555<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForPrepaidExpenses', window );">Prepaid expenses</a></td>
<td class="num">(23,016)<span></span>
</td>
<td class="num">(39,980)<span></span>
</td>
<td class="num">(14,209)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract', window );"><strong>Increase (decrease) in current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable', window );">Trade payables</a></td>
<td class="nump">412,393<span></span>
</td>
<td class="nump">249,121<span></span>
</td>
<td class="nump">181,030<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">7,149<span></span>
</td>
<td class="num">(41,595)<span></span>
</td>
<td class="nump">109,734<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables', window );">Taxes payable</a></td>
<td class="nump">34,707<span></span>
</td>
<td class="nump">2,229<span></span>
</td>
<td class="nump">29,969<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent', window );">Income and social contribution taxes</a></td>
<td class="nump">783,663<span></span>
</td>
<td class="nump">567,286<span></span>
</td>
<td class="nump">504,495<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT', window );">Post-employment benefits</a></td>
<td class="nump">5,119<span></span>
</td>
<td class="nump">11,193<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent', window );">Provision for tax, civil, and labor risks</a></td>
<td class="nump">11,857<span></span>
</td>
<td class="nump">7,372<span></span>
</td>
<td class="num">(18,847)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent', window );">Insurance and other payables</a></td>
<td class="num">(33,955)<span></span>
</td>
<td class="nump">56,811<span></span>
</td>
<td class="nump">29,235<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent', window );">Deferred revenue</a></td>
<td class="num">(3,887)<span></span>
</td>
<td class="num">(2,120)<span></span>
</td>
<td class="nump">970<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncreaseDecreaseInNoncurrentAssetsAbstract', window );"><strong>(Increase) decrease in non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent', window );">Trade receivables</a></td>
<td class="num">(102,905)<span></span>
</td>
<td class="num">(74,846)<span></span>
</td>
<td class="num">(8,433)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent', window );">Recoverable taxes</a></td>
<td class="num">(130,200)<span></span>
</td>
<td class="num">(47,168)<span></span>
</td>
<td class="num">(60,045)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent', window );">Escrow deposits</a></td>
<td class="num">(39,795)<span></span>
</td>
<td class="num">(37,935)<span></span>
</td>
<td class="num">(44,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent', window );">Other receivables</a></td>
<td class="num">(4,356)<span></span>
</td>
<td class="nump">13,829<span></span>
</td>
<td class="num">(10,675)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent', window );">Prepaid expenses</a></td>
<td class="num">(116,735)<span></span>
</td>
<td class="num">(65,847)<span></span>
</td>
<td class="num">(15,437)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract', window );"><strong>Increase (decrease) in non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits', window );">Post-employment benefits</a></td>
<td class="nump">13,209<span></span>
</td>
<td class="num">(40)<span></span>
</td>
<td class="nump">10,868<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent', window );">Provision for tax, civil, and labor risks</a></td>
<td class="num">(68,193)<span></span>
</td>
<td class="nump">42,428<span></span>
</td>
<td class="nump">61,388<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent', window );">Other payables</a></td>
<td class="nump">87,950<span></span>
</td>
<td class="num">(19,255)<span></span>
</td>
<td class="nump">20,130<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent', window );">Deferred revenue</a></td>
<td class="nump">385<span></span>
</td>
<td class="nump">1,474<span></span>
</td>
<td class="nump">3,327<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent', window );">Income and social contribution taxes paid</a></td>
<td class="num">(836,808)<span></span>
</td>
<td class="num">(644,188)<span></span>
</td>
<td class="num">(422,010)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="nump">2,279,420<span></span>
</td>
<td class="nump">2,513,670<span></span>
</td>
<td class="nump">3,201,679<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities', window );">Financial investments, net of redemptions</a></td>
<td class="nump">60,859<span></span>
</td>
<td class="num">(163,625)<span></span>
</td>
<td class="nump">573,446<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities', window );">Acquisition of subsidiary, net of cash acquired</a></td>
<td class="nump">59,863<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Acquisition of property, plant, and equipment</a></td>
<td class="num">(1,262,558)<span></span>
</td>
<td class="num">(1,015,199)<span></span>
</td>
<td class="num">(803,503)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities', window );">Acquisition of intangible assets</a></td>
<td class="num">(801,971)<span></span>
</td>
<td class="num">(651,171)<span></span>
</td>
<td class="num">(609,600)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities', window );">Capital increase in joint ventures</a></td>
<td class="num">(16,000)<span></span>
</td>
<td class="num">(47,281)<span></span>
</td>
<td class="num">(41,080)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Proceeds from disposal of property, plant and equipment and intangibles</a></td>
<td class="nump">47,670<span></span>
</td>
<td class="nump">28,500<span></span>
</td>
<td class="nump">78,941<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(1,912,137)<span></span>
</td>
<td class="num">(1,848,776)<span></span>
</td>
<td class="num">(801,796)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds</a></td>
<td class="nump">4,510,694<span></span>
</td>
<td class="nump">3,676,874<span></span>
</td>
<td class="nump">2,384,589<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayments</a></td>
<td class="num">(2,462,200)<span></span>
</td>
<td class="num">(812,520)<span></span>
</td>
<td class="num">(2,824,543)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPaidClassifiedAsFinancingActivities', window );">Interest paid</a></td>
<td class="num">(769,740)<span></span>
</td>
<td class="num">(1,057,580)<span></span>
</td>
<td class="num">(855,190)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Payments of financial lease</a></td>
<td class="num">(5,191)<span></span>
</td>
<td class="num">(5,016)<span></span>
</td>
<td class="num">(5,174)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid</a></td>
<td class="num">(940,250)<span></span>
</td>
<td class="num">(873,270)<span></span>
</td>
<td class="num">(831,654)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries', window );">Acquisition of non-controlling interests of subsidiaries</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury', window );">Acquisition of own shares to be held in treasury</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(388,718)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties', window );">Related parties</a></td>
<td class="nump">7,036<span></span>
</td>
<td class="num">(100)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash provided by (used in) financing activities</a></td>
<td class="nump">340,349<span></span>
</td>
<td class="nump">928,388<span></span>
</td>
<td class="num">(2,520,699)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of exchange rate changes on cash and cash equivalents in foreign currency</a></td>
<td class="nump">20,214<span></span>
</td>
<td class="num">(22,017)<span></span>
</td>
<td class="num">(3,660)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) in cash and cash equivalents</a></td>
<td class="nump">727,846<span></span>
</td>
<td class="nump">1,571,265<span></span>
</td>
<td class="num">(124,476)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the beginning of the year</a></td>
<td class="nump">4,274,158<span></span>
</td>
<td class="nump">2,702,893<span></span>
</td>
<td class="nump">2,827,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at the end of the year</a></td>
<td class="nump">R$ 5,002,004<span></span>
</td>
<td class="nump">R$ 4,274,158<span></span>
</td>
<td class="nump">R$ 2,702,893<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForDecreaseIncreaseInOtherReceivablesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash receipts from the sale of goods and the rendering of services;</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForDecreaseIncreaseInTradeAccountReceivableNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue , and which are expected to be recognized as such within one year or the normal operating cycle, if longer. The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue , and which are expected to be recognized as such within one year or the normal operating cycle, if longer. The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInDeferredRevenueNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInEscrowDepositsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payment due on social security and taxes other than income tax. Income taxes include all domestic and foreign taxes that are based on taxable profits. Income taxes also include taxes, such as withholding taxes, that are payable by a subsidiary, associate or joint arrangement on distributions to the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Taxes on income arise on transactions that give rise to cash flows that are classified as operating, investing or financing activities in a statement of cash flows. While tax expense may be readily identifiable with investing or financing activities, the related tax cash flows are often impracticable to identify and may arise in a different period from the cash flows of the underlying transaction. Therefore, taxes paid are usually classified as cash flows from operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInIncomeAndSocialContributionTaxesPaidNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Trade payables classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInOtherPayablesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment[Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. Post-employment benefits are employee benefits (other than termination benefits and short-term employee benefits) that are payable after the completion of employment[Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInPostemploymentBenefitscURRENT</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInProvisionForTaxCivilAndLaborRisksNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash payments to and on behalf of employees;</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInSalariesAndRelatedCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current tax for current and prior periods to the extent unpaid. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInTaxesPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Trade payables classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseInsuranceAndOtherPayablesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a non-current asset for expenditures made prior to the period when the economic benefit will be realised in more than one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreasePrepaidExpensesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForIncreaseDecreaseRecoverableTaxesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForInsuranceAndOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables and current other receivables. [Refer: Current trade receivables; Other current receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForInsuranceAndOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsForRecoverableTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsForRecoverableTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CreditsOnDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (b) non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits of associates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CreditsOnDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DividendsReceivedFromAssociatesAndJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow for dividends received from associates and joint-ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DividendsReceivedFromAssociatesAndJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (b) non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits of associates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangibles</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncreaseDecreaseInCurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncreaseDecreaseInCurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncreaseDecreaseInCurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncreaseDecreaseInNoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncreaseDecreaseInNoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncreaseDecreaseInNoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Under the indirect method, the net cash flow from operating activities is determined by adjusting profit or loss for the effects of: (c) all other items for which the cash effects are investing or financing cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose, in aggregate, in respect of both obtaining and losing control of subsidiaries or other businesses during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PaymentsToAcquireNoncontrollingInterestsOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Acquisition of own shares to be held in treasury, regarding changes in the share capital owned by the entity during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PaymentsToAcquireOwnSharesToBeHeldInTreasury</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade accounts receivable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDeferredTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for deferred tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Deferred tax expense (income); Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDeferredTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade accounts payable to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for unrealised foreign exchange losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from repayment to the entity of loans and advances made to related parties. [Refer: Related parties [member]; Advances received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire interests in joint ventures (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of equity or debt instruments of other entities (other than receipts for those instruments considered to be cash equivalents and those held for dealing or trading purposes), classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Inflows (outflows) of cash, classified as investing activities, that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 21<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_21&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2019-01-01<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of intangible assets, classified as investing activities. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) from continuing operations of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Continuing operations [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss) from continuing operations]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B16_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787319424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>1. Operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperationsAbstract', window );"><strong>Operations</strong></a></td>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ultrapar Participa&#231;&#245;es S.A. (&#8220;Ultrapar&#8221;
or &#8220;Company&#8221;) is a publicly-traded company headquartered at the Brigadeiro Luis Ant&#244;nio Avenue, 1343 in the city
of S&#259;o Paulo &#8211; SP, Brazil.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company engages in the investment of its
own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies.
Through its subsidiaries, it operates in the segments of liquefied petroleum gas - LPG distribution (&#8220;Ultragaz&#8221;), fuel
distribution and related businesses (&#8220;Ipiranga&#8221;), production and marketing of chemicals (&#8220;Oxiteno&#8221;), and
storage services for liquid bulk (&#8220;Ultracargo&#8221;) and retail distribution of pharmaceutical, hygiene, beauty, and skincare
products, through Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. (&#8220;Extrafarma&#8221;). For further information
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity normally presents notes in the following order, to assist users to understand the financial statements and to compare them with financial statements of other entities: Examples of systematic ordering or grouping of the notes include: (a) giving prominence to the areas of its activities that the entity considers to be most relevant to an understanding of its financial performance and financial position, such as grouping together information about particular operating activities;</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760874304">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesAbstract', window );"><strong>Presentation Of Financial Statements And Summary Of Significant Accounting Policies</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory', window );">Presentation of Financial Statements and Summary of Significant Accounting Policies</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company&#8217;s consolidated financial statements were prepared in accordance with the International Financial Reporting Standards
(&#8220;IFRS&#8221;) as issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">All
relevant specific information of the financial statements, and only this information, is being presented and correspond to that
used by the Company&#8217;s and its subsidiaries&#8217; Management.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
presentation currency of the Company&#8217;s consolidated financial statements is the Brazilian Real (&#8220;R$&#8221;), which
is the Company&#8217;s functional currency.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries applied the accounting policies described below in a consistent manner for all years presented in
the consolidated financial statements.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>a.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Recognition
    of Income</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Revenue
is measured at the fair value of the consideration received or receivable, net of sales returns, discounts, and other deductions,
if applicable.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Revenue
from sales of fuels and lubricants is recognized when the products are delivered to gas stations and to large consumers. Revenue
from sales of LPG is recognized when the products are delivered to customers at home, to independent dealers and to industrial
and commercial customers. Revenue from sales of pharmaceuticals is recognized when the products are delivered to end user customers
in own drugstores and when the products are delivered to independent resellers. Revenue from sales of chemical products is recognized
when the products are delivered to industrial customers, depending of the freight mode of delivery. The revenue provided from
storage services is recognized as services are performed. Costs of products sold and services provided include goods (mainly fuels,
lubricants, LPG, and pharmaceutical products), raw materials (chemicals and petrochemicals) and production, distribution, storage,
and filling costs.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>b.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Cash
    and Cash Equivalents</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Includes
cash, banks deposits, and short-term, highly-liquid investments that are readily convertible into a known amount of cash and are
subject to an insignificant risk of change in value. See Note 4 for further details on cash and cash equivalents of the Company
and its subsidiaries.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 12%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>c.&#160;&#160;</i></b></font></td>
    <td style="width: 88%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Financial
    Assets</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">In
accordance with International Accounting Standards (&#8220;IAS&#8221;) 32, IAS 39, and IFRS 7, the financial assets of the Company
and its subsidiaries are classified in accordance with the following categories:</font></p>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Measured
                                         at fair value through profit or loss: financial assets held for trading, that is, acquired
                                         or incurred principally for the purpose of selling or repurchasing in the near term,
                                         and derivatives. The balances are stated at fair value. The interest earned, the exchange
                                         variation, and changes in fair value are recognized in profit or loss.</font></td></tr></table>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Held
                                         to maturity: non-derivative financial assets with fixed or determinable payments, and
                                         fixed maturities for which the entity has the positive intention and ability to hold
                                         to maturity. The interest earned and the foreign currency exchange variation are recognized
                                         in profit or loss, and balances are stated at acquisition cost plus the interest earned,
                                         using the effective interest rate method.</font></td></tr></table>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Available
                                         for sale: non-derivative financial assets that are designated as available for sale or
                                         that are not classified into other categories at initial recognition. The balances are
                                         stated at fair value, and the interest earned and the foreign currency exchange variation
                                         are recognized in profit or loss. Differences between fair value and acquisition cost
                                         plus the interest earned are recognized in other comprehensive income in the &#8220;Valuation
                                         adjustments&#8221;. Accumulated gains and losses recognized in shareholders&#8217; equity
                                         are reclassified to profit or loss in case of prepayment.</font></td></tr></table>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Loans
                                         and receivables: non-derivative financial assets with fixed or determinable payments
                                         or receipts, not quoted in an active market, except: (i) those which the entity intends
                                         to sell immediately or in the near term and which the entity classified as measured at
                                         fair value through profit or loss; (ii) those classified as available for sale; or (iii)
                                         those for which the Company may not recover substantially all of its initial investment
                                         for reasons other than credit deterioration. The interest earned and the foreign currency
                                         exchange variation are recognized in profit or loss. The balances are stated at acquisition
                                         cost plus interest, using the effective interest rate method. </font></td></tr></table>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries use financial instruments for hedging purposes, applying the concepts described below:</font></p>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Hedge
                                         accounting - fair value hedge: financial instruments used to hedge exposure to changes
                                         in the fair value of an item, attributable to a particular risk, which can affect the
                                         entity&#8217;s profit or loss. In the initial designation of the fair value hedge, the
                                         relationship between the hedging instrument and the hedged item is documented, including
                                         the objectives of risk management, the strategy in conducting the transaction, and the
                                         methods to be used to evaluate its effectiveness. Once the fair value hedge has been
                                         qualified as effective, the hedge item is also measured at fair value. Gains and losses
                                         from hedge instruments and hedge items are recognized in profit or loss. The hedge accounting
                                         must be discontinued when the hedge becomes ineffective.</font></td></tr></table>

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<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Hedge
                                         accounting - cash flow hedge: financial instruments used to hedge the exposure to variability
                                         in cash flows that is attributable to a risk associated with an asset or liability or
                                         highly probable transaction or firm commitment that may affect the income statements.
                                         The portion of the gain or loss on the hedging instrument that is determined to be effective
                                         relating to the effects of exchange rate effect, is recognized directly in equity in
                                         accumulated other comprehensive income as &#8220;Valuation adjustments&#8221; while the
                                         ineffective portion is recognized in profit or loss. Gains or losses on the hedging instrument
                                         relating to the effective portion of this hedge that had been recognized directly in
                                         accumulated other comprehensive income shall be recognized in profit or loss in the period
                                         in which the hedged item is recognized in profit or loss or as initial cost of non- financial
                                         assets, in the same line of the statement that the hedged item is recognized. The hedge
                                         accounting shall be discontinued when (i) the Company cancels the hedging relationship;
                                         (ii) the hedging instrument expires; and (iii) the hedging instrument no longer qualifies
                                         for hedge accounting. When hedge accounting is discontinued, gains and losses recognized
                                         in other comprehensive income in equity are reclassified to profit or loss in the period
                                         which the hedged item is recognized in profit or loss. If the transaction hedged is canceled
                                         or is not expected to occur, the cumulative gains and losses in other comprehensive income
                                         in equity shall be recognized immediately in profit or loss.</font></td></tr></table>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 14.2pt; text-align: justify"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#183;</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Hedge
                                         accounting - hedge of net investments in foreign operation: financial instruments used
                                         to hedge exposure on net investments in foreign subsidiaries due to the fact that the
                                         local functional currency is different from the functional currency of the Company. The
                                         portion of the gain or loss on the hedging instrument that is determined to be effective,
                                         referring to the exchange rate effect, is recognized directly in equity in accumulated
                                         other comprehensive income as cumulative translation adjustments, while the ineffective
                                         portion and the operating costs are recognized in profit or loss. The gain or loss on
                                         the hedging instrument that has been recognized directly in accumulated other comprehensive
                                         income shall be recognized in income upon disposal of the foreign operation.</font></td></tr></table>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">For
further detail on financial instruments of the Company and its subsidiaries, see Note 31.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>d.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Trade
    Receivables</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Trade
receivables are recognized at the amount invoiced. An allowance for doubtful accounts is recorded based on estimated losses and
is set at an amount deemed by management to be sufficient to cover any probable loss on realization of trade receivables (see
Notes 5 and 31 - Customer Credit Risk).</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>e.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Inventories</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Inventories
are stated at the lower of acquisition cost or net realizable value (see Note 6). The cost value of inventory is measured using
the weighted average cost and includes the costs of acquisition and processing directly and indirectly related to the units produced
based on the normal capacity of production. Estimates of net realizable value are based on the average selling prices at the end
of the reporting period, net of applicable direct selling expenses. Subsequent events related to the fluctuation of prices and
costs are also considered, if relevant. If net realizable values are below inventory costs, a provision corresponding to this
difference is recognized. Provisions are also made for obsolescence of products, materials, or supplies that (i) do not meet its
subsidiaries&#8217; specifications, (ii) have exceeded their expiration date, or (iii) are considered slow-moving inventory. This
classification is made by management with the support of its industrial and operations teams.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>f.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Investments</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Investments
in associates and joint ventures are accounted for under the equity method of accounting in the consolidated financial statements
(see Note 11).</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">An
associate is an investment, in which an investor has significant influence, that is, has the power to participate in the financial
and operating decisions of the investee but does not exercise control.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">A
joint venture is an investment in which the shareholders have the right to net assets on behalf of a joint control. Joint control
is the agreement which establish that decisions about the relevant activities of the investee require the consent from the parties
that share control.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Other
investments are stated at acquisition cost less provision for losses, unless the loss is considered temporary.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>g.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Property,
    Plant, and Equipment</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Property,
plant, and equipment is recognized at acquisition or construction cost, including financial charges incurred on property, plant,
and equipment under construction (see Note 12), as well as maintenance costs resulting from scheduled plant outages and estimated
costs to remove, to decommission, or to restore assets (see Notes 2.m and 19), less accumulated depreciation and, when applicable,
less provision for losses.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Depreciation
is calculated using the straight-line method, over the periods mentioned in Note 12, taking into account the estimated useful
lives of the assets, which are reviewed annually.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Leasehold
improvements are depreciated over the shorter of the lease contract term and useful life of the property.</font></p>

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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 6%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>h.&#160;&#160;</i></b></font></td>
    <td style="width: 94%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Leases</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;Finance
Leases</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Certain
lease contracts transfer substantially all the risks and benefits associated with the ownership of an asset to the subsidiaries.
These contracts are characterized as finance leases, and assets thereunder are capitalized at lease commencement at their fair
value or, if lower, present value of the minimum lease payments under the contracts. The items recognized as assets are depreciated
and amortized using the lower of the straight-line method over the lower of the useful lives applicable to each group of assets
or the contract terms, as mentioned in Notes 12 and 13. Financial charges under the finance lease contracts are allocated to profit
or loss over the lease contract term, based on the amortized cost and the effective interest rate method of the related lease
obligation (see Note 14.i).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;Operating
Leases</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">There
are lease transactions where the risks and benefits associated with the ownership of the asset are not transferred and where there
is no purchase option, or the purchase option at the end of the contract is equivalent to the market value of the leased asset.
Payments made under an operating lease contract are recognized as cost or expense in the income statement on a straight-line basis
over the term of the lease contract (see Note 32.c).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>i.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Intangible
    Assets</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Intangible
assets include assets acquired by the Company and its subsidiaries from third parties, according to the criteria below (see Note
13):</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 2%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;</font></td>
    <td style="width: 97%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Goodwill
    is carried net of accumulated amortization as of December 31, 2008, when it ceased to be amortized. Goodwill generated since
    January 1, 2009 is shown as intangible assets corresponding to the positive difference between the amount paid or payable
    to the seller and the fair value of the identified assets and liabilities assumed of the acquired entity. Goodwill is tested
    annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is
    monitored by the Company for impairment testing purposes (see Note 13.i).</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Exclusive
    rights disbursements as provided in Ipiranga&#8217;s agreements with reseller service stations and major consumers are recognized
    as distribution rights when paid and amortized according to the conditions established in the agreements (see Note 13.v).</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Other
    intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured
    at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note 13, taking into
    account their useful life, which is reviewed annually.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries have not recognized intangible assets that were generated internally. The Company and its subsidiaries
have goodwill and brands acquired in business combinations, which are evaluated as intangible assets with indefinite useful life
(see Note 13 items i and vi).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>j.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Other
    Assets</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Other
assets are stated at the lower of cost and realizable value, including, if applicable, interest earned, monetary changes and changes
in exchange rates incurred or less a provision for loss and, if applicable, adjustment to present value (see Note 2.u).</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>k.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Financial
    Liabilities</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries&#8217; financial liabilities include trade payables and other payables, loans, debentures, finance
leases and derivative financial instruments. Financial liabilities are classified as &#8220;financial liabilities at fair value
through profit or loss&#8221; or &#8220;financial liabilities at amortized cost&#8221;. The financial liabilities at fair value
through profit or loss refer to derivative financial instruments, subscription warrants, and financial liabilities designated
as hedged items in a fair value hedge relationship upon initial recognition (see Note 2.c &#8211; Fair Value Hedge). The financial
liabilities at amortized cost are stated at the initial transaction amount plus related charges and net of amortization and transaction
costs. The charges are recognized in profit or loss using the effective interest rate method.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Transaction
costs incurred and directly attributable to the activities necessary for contracting loans or for issuing bonds, as well as premiums
and discounts upon issuance of debentures and other debt, are allocated to the instrument and amortized to profit or loss over
its term,&#160;using the effective interest rate method (see Note 14.j).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>l.&#160;&#160;</i></b></font></td>
    <td style="width: 96%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Income
    and Social Contribution Taxes on Income</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Current
and deferred income tax (&#8220;IRPJ&#8221;) and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based
on their current rates,&#160;considering the value of tax incentives. Taxes are recognized based on the rates of IRPJ and CSLL
provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for income tax
and 9% for social contribution on net income tax. For further details about recognition and realization of IRPJ and CSLL, see
Note 9.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">For
purposes of disclosure, deferred tax assets were offset against the deferred tax liability, income tax and social contribution,
in the same taxable entity and the same taxation authority.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>m.&#160;&#160;</i></b></font></td>
    <td style="width: 96%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Provision
    for Asset Retirement Obligation &#8211; Fuel Tanks</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries have the legal obligation to remove Ipiranga&#8217;s underground fuel tanks located at Ipiranga-branded
service stations after a certain period. The estimated cost of the obligation to remove these fuel tanks is recognized as a liability
when the tanks are installed. The estimated cost is recognized in property, plant, and equipment and depreciated over the respective
useful lives of the tanks. The amounts recognized as a liability are monetarily restated using the National Consumer Price Index
(&#8220;IPCA&#8221;) until the respective tank is removed (see Note 19). An increase in the estimated cost of the obligation to
remove the tanks could result in negative impact in future results. The estimated removal cost is reviewed and updated annually
or when there is significant change in its amount and change in the estimated costs are recognized in income statements when they
become known.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>n.&#160;&#160;</i></b></font></td>
    <td style="width: 96%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Provisions
    for Tax, Civil, and Labor Risks</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">A
provision for tax, civil and labor risks is recognized for quantifiable risks, when the chance of loss is more-likely-than-not
in the opinion of management and internal and external legal counsel, and the amounts are recognized based on the evaluation of
the outcomes of the legal proceedings (see Note 20).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>o.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Post-Employment
    Benefits</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Post-employment
benefits granted and to be granted to employees, retirees, and pensioners are based on an actuarial calculation prepared by an
independent actuary and reviewed by management, using the projected unit credit method (see Note 18.b). The actuarial gains and
losses are recognized in cumulative other comprehensive income in the &#8220;Valuation adjustments&#8221; and presented in the
statement of shareholders&#8217; equity.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>p.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Other
    Liabilities</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Other
liabilities are stated at known or measurable amounts plus, if applicable, related charges, monetary restatement, and changes
in exchange rates incurred. When applicable, other liabilities are recognized at present value, based on interest rates that reflect
the term, currency, and risk of each transaction.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>q.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Foreign
    Currency Transactions</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Foreign
currency transactions carried out by the Company or its subsidiaries are remeasured into their functional currency at the exchange
rate prevailing at the date of each transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries
are translated using the exchange rate at the date of the reporting period. The effect of the difference between those exchange
rates is recognized in profit or loss until the conclusion of each transaction.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>r.&#160;&#160;</i></b></font></td>
    <td style="width: 97%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Basis
    for Translation of Financial Statements of Foreign Subsidiaries</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Assets
and liabilities of the foreign subsidiaries, denominated in currencies other than that of the Company (functional currency: Brazilian
Real), which have administrative autonomy, are translated using the exchange rate at the end of the reporting year. Revenues and
expenses are translated using the average exchange rate of each year and shareholders&#8217; equity is translated at the historical
exchange rate of each transaction affecting shareholders&#8217; equity. Gains and losses resulting from changes in these foreign
investments are directly recognized in shareholders&#8217; equity in cumulative other comprehensive income in the &#8220;cumulative
translation adjustments&#8221; and will be recognized in profit or loss if these investments are disposed of. The balance in cumulative
other comprehensive income and presented in the shareholders&#8217; equity as cumulative translation adjustments in 2017 was a
gain of R$ 53,061 (gain of R$ 7,519 in 2016) - see Note 23.g - Cumulative Translation Adjustments.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
foreign subsidiaries with functional currency different from the Company and which have administrative autonomy are listed below:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; width: 39%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><u>Subsidiary</u></b></font></td>
    <td style="vertical-align: bottom; width: 19%; padding-left: 69.3pt; text-indent: -59.4pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><u>Functional
    currency</u></b></font></td>
    <td style="vertical-align: bottom; width: 21%; padding-left: 69.3pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><u>Location</u></b></font></td>
    <td style="vertical-align: top; width: 21%; padding-left: 69.3pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>&#160;</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Oxiteno
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    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexican
    Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;&#160;&#160;Oxiteno
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    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexican
    Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;&#160;&#160;Oxiteno
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    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexican
    Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;&#160;&#160;Oxiteno
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    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">U.S.
    Dollar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">United
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    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Oxiteno
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    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">U.S.
    Dollar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Uruguay</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Oxiteno
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    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Bolivar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Venezuela</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(i)
The subsidiary Oxiteno Uruguay S.A. (&#8220;Oxiteno Uruguay&#8221;) determined its functional currency as the U.S. dollar (&#8220;US$&#8221;),
as its inventory sales, purchases of raw material inputs, and financing activities are performed substantially in this currency.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(ii)
According the definition and general guidance of IAS 29, the characteristics of the economic environment of Venezuela indicate
that this country is a hyperinflationary economy. As a result, the financial information of Oxiteno Andina, C.A. (&#8220;Oxiteno
Andina&#8221;) was adjusted by the Venezuelan Consumer Price Index.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">On
May 19, 2017, the Venezuelan Central Bank issued Foreign Exchange Regulation No. 38, altering the Venezuelan foreign exchange
markets and regulating the legally recognized types of exchange rates:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">a)
DIPRO - <i>Tipo de Cambio Protegido</i> (Exchange Protected): Bolivar (&#8220;VEF&#8221;) is traded at an exchange rate of 9.975
VEF/US$ for purchase and 10.00 VEF/US$ for sale. This rate is applied to importation of essential goods (medicines and food) and
raw materials and inputs related to the production of these sectors, which transactions are channeled through CENCOEX - <i>Centro
Nacional de Comercio Exterior en Venezuela</i>;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">b)
DICOM - <i>Tipo de Cambio Complementario Flotante de Mercado Supplemental </i>(Floating Market Exchange): Bolivar was traded at
the variable exchange rate of 3,345.00 VEF/US$ for sale and 3,336.64 VEF/US$ for purchase in the last auction of 2017. This rate
is applied to all unforeseen currency settlement transactions not expressly set forth in the Foreign Exchange Regulation, which
transactions are processed through alternative currency markets.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Due
to the political and economic situation in Venezuela, the Company&#8217;s management uses the DICOM exchange rate in the translation.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Assets
and liabilities of the other foreign subsidiaries, which do not have administrative autonomy, are considered an extension of the
activities of their parent company and are translated using the exchange rate at the end of the reporting period. Gains and losses
resulting from changes in these foreign investments are directly recognized as financial income or loss. The gain recognized in
income in 2017 amounted to R$ 7,368 (R$ 3,425 gain in 2016 and R$ 6,243 gain in 2015).</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>s.&#160;&#160;</i></b></font></td>
    <td style="width: 96%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Use
    of Estimates, Assumptions and Judgments</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
preparation of the financial statements requires the use of estimates, assumptions, and judgments for the accounting of certain
assets, liabilities, and income. Therefore, the Company&#8217;s and subsidiaries&#8217; management use the best information available
at the time of preparation of the financial statements, as well as the experience of past and current events, also considering
assumptions regarding future events. The financial statements therefore include estimates, assumptions, and judgments related
mainly to determining the fair value of financial instruments (Notes 2.c, 2.k, 4, 14 and 31), the determination of the allowance
for doubtful accounts (Notes 2.d, 5 and 31), the determination of provisions for losses of inventories (Notes 2.e and 6), the
determination of deferred income taxes amounts (Notes 2.l and 9), the determination of control in subsidiaries (Notes 2.r and
3), the determination of joint control in joint venture (Notes 2.f and 11.a), the determination of significant influence in associates
(Notes 2.f and 11.b), the determination of exchange rate used to translation of Oxiteno Andina&#8217; information (Note 2.r),
the useful lives of property, plant, and equipment (Notes 2.g and 12), the useful lives of intangible assets, and the determination
of the recoverable amount of goodwill (Notes 2.i and 13), provisions for assets retirement obligations (Notes 2.m and 19), provisions
for tax, civil, and labor risks (Notes 2.n and 20), estimates for the preparation of actuarial reports (Notes 2.o and 18.b) and
the determination of fair value of subscription warrants &#8211; indemnification (Notes 22 and 31). The actual result of the transactions
and information may differ from their estimates.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>t.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Impairment
    of Assets</i></b></font></td></tr>
</table>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries review, every report period, the existence of any indication that an asset may be impaired and annually
test intangible assets with indefinite useful life. If there is an indication, the Company and its subsidiaries estimate the recoverable
amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash
flow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;).
The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs
and their value in use.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
fair value less costs of disposal is determined by the price that would be received to sell an asset in an orderly transaction
between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring
an asset into condition for its sale, legal costs, and taxes.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">To
assess the value in use, the Company and its subsidiaries consider the projections of future cash flows, trends, and outlooks,
as well as the effects of obsolescence, demand, competition, and other economic factors. Such cash flows are discounted to their
present values &#8203;&#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing
and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less
than their carrying amount, an impairment loss is recognized for the amount by which the carrying value exceeds the fair value
of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU,
the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses,
the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment
losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortization, if the impairment had not been recognized.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">No
impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015. For the year ended
December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond to R$ 1,695 related
to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina. There is a space missing
(ended December): No impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015.
For the year ended December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond
to R$ 1,695 related to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina.</font></p>

<p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>u.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Adjustment
    to Present Value</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries reviewed all items classified as non-current and, when relevant, current assets and liabilities.
No recognition of present value adjustments that would have relevant effects were identified.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>v.&#160;&#160;</i></b></font></td>
    <td style="width: 95%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Business
    Combination</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">A
business combination is accounted applying the acquisition method. The cost of the acquisition is measured based on the consideration
transferred and to be transferred, measured at fair value at the acquisition date. In a business combination, the assets acquired
and liabilities assumed are measured in order to classify and allocate them accordingly to the contractual terms, economic circumstances
and relevant conditions on the acquisition date. The non-controlling interest in the acquired is measured based on its interest
in identifiable net assets acquired. Goodwill is measured as the excess of the consideration transferred and to be transferred
over the fair value of net assets acquired (identifiable assets and liabilities assumed, net). After the initial recognition,
goodwill is measured at cost less any accumulated impairment losses. For impairment testing purposes, goodwill is allocated to
the Company&#8217;s operating segments. When the cost of the acquisition is lower than the fair value of net assets acquired,
a gain is recognized directly in the income statement. Costs related to the acquisition are recorded in the income statement when
incurred.</font></p>

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<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>x.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Statements
    of Cash Flows Indirect Method</i></b></font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries prepared its consolidated statements of cash flows in accordance with IAS 7 - Cash Flow Statement.
The Company and its subsidiaries present the interest paid on loans and debentures in financing activities. The Company and its
subsidiaries present financial investments on a net basis of interest income in the investment activities.</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>y.&#160;&#160;</i></b></font></td>
    <td style="width: 97%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b><i>Adoption
    of the Pronouncements Issued by the IASB</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
following standards, amendments, and interpretations to IFRS were issued by the IASB which are effective as of December 31, 2017:</font></p>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 73%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 2%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 13%; border-bottom: Black 1pt solid; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 12%; border-bottom: Black 1pt solid"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>Effective&#160;&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>date</b></font></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;
                                    IAS 7 &#8211; Disclosure Initiative &#8211; Amendments to IAS 7: clarifications made by the
                                    IASB related to liabilities arising from financing activities (see Note 14.a).</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">2017</font></td></tr>
<tr>
    <td style="vertical-align: top"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;
                                    IAS 12 &#8211; Recognition of Deferred Tax Assets for Unrealised Losses &#8211; Amendments
                                    to IAS 12: clarifications made by the IASB on the recognition of deferred tax assets on unrealised
                                    losses.</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>&#160;</b></font></p></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">2017</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
following standards, amendments, and interpretations to IFRS were issued by the IASB but are not yet effective and were not adopted
as of December 31, 2017:</font></p>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 73%; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 2%"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 13%; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 12%"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>Effective&#160;&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>date</b></font></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;
                                    IFRS 9 &#8211; Financial instrument classification and measurement: includes new requirements
                                    for the classification and measurement of financial assets and liabilities, derecognition
                                    requirements, new impairment methodology for financial instruments, and new hedge accounting
                                    guidance.</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">2018</font></p></td></tr>
<tr>
    <td style="vertical-align: top"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;
                                    IFRS 15 - Revenue from contracts with customers: establish the principles of nature, amount,
                                    timing and uncertainty of revenue and cash flow arising from a contract with a customer.</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">2018</font></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#8226;&#160;&#160;&#160;
    IFRS 16 - Lease: requires lessees record, in the financial statements, a liability reflecting future payments of a lease and
    the right to use an asset for the lease contracts, except for certain short-term leases and low asset value contracts. The
    criteria for recognition and measurement of leases in the financial statements of lessors are substantially maintained.</font></td>
    <td style="vertical-align: top"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">2019</font></p></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries did not adopt in advance these IFRS in their financial statements for the year ended December 31,
2017.</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries disclosed the relevant information, known or reasonably estimated to the possible impacts on the
adoption of IFRS 9 and 15 that were available in the preparation of these financial statements, and are subject to change until
the first complete financial statements with the initial adoption are disclosed in 2018.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(1)
IFRS 9 adoption - Financial instruments:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">a)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Classification
                                         and measurement of financial instruments:</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries evaluated the classification and measurement of financial instruments and, based on its business
model, preliminarily concluded that the most part of the financial investments will be classified as measured at fair value through
other comprehensive income, except for funds that will be classified as measured at fair value through profit or loss and financial
investments given as collateral for loans that will be classified as amortized cost.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries do not expect material impacts resulting from these changes.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">b)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Expected
                                         credit losses</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries assessed the expected credit losses on trade receivables, taking into account, at the initial recognition
of the contract, the expected losses for the next 12 months and for the useful life of the contract when the deterioration or
improvement of customers' credit quality.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries evaluated the impact of this change and the previously amount indicates an additional allowance for
doubtful accounts in the amount of R$ 173,314, which effect of R$ 121,563 recognized in the opening balance in the retained earnings.
The deferred IRPJ and CSLL effect will be recognized on the amounts above.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">c)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Derivative
                                         financial instruments</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries have not identified impacts arising from this change and are evaluating the adoption of IFRS 9 or
the permanence of the application of IAS 39.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries are evaluating the practical implementation from the initial adoption of IFRS 9 to conclude whether
the retrospective or prospective adoption will be made.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(2)
IFRS 15 adoption - Revenue recognition from contracts with customers:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries evaluated all the stages for the recognition of their revenues from contracts with customers and
based on their diagnosis did not identify material measurement impacts resulting from the adoption of this standard.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">In
relation to the presentation in the income statement, the Company and its subsidiaries evaluated that certain expenses that are
currently been allocated as selling and marketing expenses, after the adoption of IFRS15, will be presented as a reduction of
revenue, substantially the amortization expenses of exclusive contracts to operate Ipiranga service stations. In 2017 the amortization
recognized as selling and marketing expenses was R$ 463,049.</font></p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries are evaluating the practical implementation of the initial adoption of IFRS 15 to conclude whether
the retrospective or prospective adoption will be made.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
table below summarizes the estimate impacts of the IFRS 9 and 15 adoption:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; width: 39%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">As
    of December 31, 2017</font></td>
    <td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Balance
    sheet</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>As
    disclosed</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>IFRS
                                         9 (1)</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>adoption</b></font></p></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>IFRS
    15 (2) adoption</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black"><b>After
    adoption IFRS 9 and 15</b></font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Current
    assets</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">15,201,291</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(173,314)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">15,027,977</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Non-current
    assets</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">13,139,031</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">13,139,031</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Total
    assets</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">28,340,322</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(173,314)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">28,167,008</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;&#160;&#160;Current
    liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">7,013,988</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">7,013,988</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;&#160;&#160;Non-current
    liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">11,605,502</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(58,927)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">11,546,575</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Shareholder&#8217;s
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">9,720,832</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">9,606,445</font></td></tr>
<tr>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">28,167,008</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Income
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Net
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">80,007,422</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(72,735,781)</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Selling
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(2,885,311)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(51,751)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">General
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">Financial
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">(474,296)</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
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<tr>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">1,573,868</font></td>
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    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">-</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 16pt"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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relation to leases - IFRS 16, the Company and its subsidiaries are quantifying the potential effects of this pronouncement, and
it is expected to have a relevant impact on the recognition of the right of use and debt related to lease contracts of the land
and building of service stations, drugstores and stores given the number of lease agreements&#160;the Company has in place. The
Company is evaluating the&#160;transition options that it will apply upon the adoption of the new standard. See Note 32.c for
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

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consolidated financial statements were prepared following the basic principles of consolidation established by IFRS 10. Investments
of one company in another, balances of asset and liability accounts, revenues transactions, costs and expenses were eliminated,
as well as the effects of transactions conducted between the companies. Non-controlling interests in subsidiaries are presented
within consolidated shareholders&#8217; equity and net income.</font></p>

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of a subsidiary begins when the parent company obtains direct or indirect control over a company and ceases when the parent company
loses control of a company. Income and expenses of a subsidiary acquired are included in the consolidated income statement and
other comprehensive income from the date the parent company gains the control. Income and expenses of a subsidiary, in which the
parent company loses control, are included in the consolidated income statement and other comprehensive income until the date
the parent company loses control.</font></p>

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necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with
the Company&#8217;s accounting policies.</font></p>

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<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">57</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">57</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">LPG
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Imifarma
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Brazil</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Extrafarma</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Brazil</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Brazil</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">99</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">99</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 13.5pt; text-indent: -4.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oleoqu&#237;mica
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Brazil</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Barrington
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Mexico</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Mexico</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Mexico</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 18.95pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Virgin
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Belgium</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Oxiteno
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Terminal
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">99</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">99</font></td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultrapar
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">SERMA
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">100</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
percentages in the table above are rounded.</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><sup>(1)</sup></font></td><td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">The
                                         main objective of Integra Frotas Ltda. is the management of fleets and fuel supplies.</font></td></tr></table>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><sup>(2)</sup></font></td><td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Ultragaz
                                         Comercial Ltda. may concentrate some activities currently executed by its quotaholders.</font></td></tr></table>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><sup>(3)</sup></font></td><td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         November 2017, in order to simplify the corporate structure, Barrington S.L. was liquidated.</font></td></tr></table>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><sup>(4)</sup></font></td><td style="text-align: justify; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         April 2017, in order to simplify the corporate structure, the Oxiteno Overseas Corp.
                                         was merged into Global Petroleum Products Trading Corporation (&#8220;GPPTC&#8221;).</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><b>c)</b></font></td><td style="font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><b><i><u>Conclusion
                                         of the business combination with Chevron Brasil Lubrificantes S.A.</u></i></b></font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0"><font style="font: 8pt Times New Roman, Times, Serif"></font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 4, 2016, the Company through its subsidiary
Ipiranga Produtos de Petr&#243;leo S.A. (&#8220;IPP&#8221;) entered into an agreement with Chevron Brasil Lubrificantes Ltda. (&#8220;Chevron&#8221;)
to create a new company in the lubricants market. Under this agreement, the company will be formed by Ipiranga&#8217;s and Chevron&#8217;s
lubricants operations in Brazil. Ipiranga and Chevron will hold 56% and 44%, respectively, of the new company&#8217;s capital.
On February 9, 2017, this transaction was approved without restrictions through an opinion issued by the General Superintendence
(&#8220;SG&#8221;) of the Brazilian Antitrust Authority (&#8220;CADE&#8221;). The decision of the SG was published in the Brazilian
Federal Official Gazette on February 10, 2017. On March 2, 2017, CADE issued a certificate approving the decision published on
February 10, 2017. On August 1, 2017, IPP segregated the lubricants business to the subsidiary Ipiranga Lubrificantes S.A. (&#8220;IpiLubs&#8221;)
and the operating contracts were signed. On December 1, 2017, the transaction was concluded, through the contribution of IpiLubs
to Chevron Brasil Lubrificantes S.A. (&#8220;CBLSA&#8221;) and consequently IPP obtains direct control of CBLSA.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is in the process of measuring the
fair value of assets and liabilities acquired, and, consequently, the resulting goodwill. The purchase price allocation is preliminary
as the Company is in the process of obtaining additional information regarding certain intangible assets and therefore the provisional
amounts of these assets may increase which will lead to a decrease in goodwill. The Company, supported by a third party company
specialized in valuations, estimated the preliminary amount for the purchase price allocation and calculated the temporary goodwill
in the amount of R$ 123,673. The preliminary goodwill is based on the synergy between the lubricant operations of CBLSA and IpiLubs.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below summarizes the preliminary assets
acquired and liabilities assumed as of the acquisition date, subject to the customary final adjustments of purchase price allocation
and calculation of goodwill:</p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0"><font style="font: 8pt Times New Roman, Times, Serif"></font></p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="width: 41%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>Current
    assets</b></font></td>
    <td style="width: 11%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="width: 2%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="width: 34%; padding-right: 28.35pt; padding-left: 1.65pt; text-indent: -1.65pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>Current
    liabilities</b></font></td>
    <td style="width: 12%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Cash
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">73,316</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Trade
    payables</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">33,453</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Trade
    receivables</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">157,016</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Salaries
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">18,251</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">20,089</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">5,595</font></td>
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    payables</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">28,743</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Other
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    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">15,497</font></td>
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    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">364,422</font></td>
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    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">100,536</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>Non-current
    assets</b></font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>Non-current
    liabilities</b></font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Related
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">7,077</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 8.75pt; text-indent: -8.75pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Provision
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">202,352</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Indemnity
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">202,352</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    income and social contribution taxes</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">3,300</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Escrow
    deposits</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">4,095</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Post-employment
    benefits</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">44,478</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Other
    receivables</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">5,257</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Property,
    plant, and equipment</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">172,526</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Intangible
    assets</font></td>
    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">9,944</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">401,251</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">250,130</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Total
    assets acquired</font></td>
    <td style="border-bottom: Black 1.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">765,673</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Total
    liabilities assumed</font></td>
    <td style="border-bottom: Black 1.5pt double; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">350,666</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
    <td style="vertical-align: top; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Preliminary
    goodwill</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; font: 8pt Times New Roman, Times, Serif; text-align: right; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">123,673</font></td>
    <td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Participation
    of non-controlling interests</font></td>
    <td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">182,603</font></td></tr>
<tr style="background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="vertical-align: top; padding-right: 5.4pt; padding-bottom: 0.1in; padding-left: 17.55pt; text-indent: -7.05pt; text-align: justify; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-indent: 10.45pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Total
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">889,346</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Preliminary
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">356,077</font></td></tr>
</table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td colspan="2" style="text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">The
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<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="width: 85%; padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 15%; text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Temporary
    consideration transferred</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">356,077</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">Total
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    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">765,673</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">(-)
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<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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<tr style="font: 8pt Times New Roman, Times, Serif">
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<tr style="vertical-align: top; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right; font: 8pt Times New Roman, Times, Serif; layout-grid-mode: line"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">For
further details of property, plant, and equipment and intangible assets acquired, see Notes 12 and 13, respectively, and of provision
for tax, civil, and labor risks, see Note 20.c.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
following summary presents the Company&#8217;s <i>pro forma</i> information for 2017, as if the acquisition had been completed
at the beginning of this year. The <i>pro forma</i> information is only presented for comparative purposes and does not purport
to be indicative of what would have occurred had the acquisition actually been made at such date, nor is it necessarily indicative
of future operating results:</font></p>

<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
    <td style="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3; font: 8pt Times New Roman, Times, Serif">
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">80,785,084</font></td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif">Operating
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<tr style="font: 8pt Times New Roman, Times, Serif">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"></td><td style="width: 0.25in; font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><b>d)</b></font></td><td style="font: 8pt Times New Roman, Times, Serif"><font style="font: 8pt Times New Roman, Times, Serif"><b><i><u>Unrealized
                                         Acquisition</u></i></b></font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 8pt"><font style="font: 8pt Times New Roman, Times, Serif; background-color: white">On
June 12, 2016, the Company through its subsidiary IPP entered into a sale and purchase agreement for the acquisition of 100% of
Alesat Combust&#237;veis S.A. (&#8220;ALE&#8221;) and the assets comprising its operations. The total transaction amount was R$
2,168 million, which would be reduced by ALE&#8217;s net debt as of December 31, 2015 and is subject to working capital and net
debt adjustments on the closing date of the transaction. On August 3, 2016, the Extraordinary General Shareholders&#8217; Meeting
(&#8220;EGM&#8221;) of Ultrapar approved the transaction. The closing of the acquisition was subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On August 2, 2017, the Court of Appeals of CADE voted
the transaction and despite all the efforts endeavored by the applicants throughout the analysis of the Concentration Act and
the negotiations conducted with the Court of Appeals, the Court blocked the transaction. The contract is automatically resolved
without any penalty from either party. </font><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 8pt"><font style="font: 8pt Times New Roman, Times, Serif; background-color: white">On
November 17, 2016, the Company through its subsidiary Companhia Ultragaz S.A. (&#8220;Cia. Ultragaz&#8221;), entered into a sale
and purchase agreement for the acquisition of 100% of the capital stock of Liquig&#225;s Distribuidora S.A (&#8220;Liquig&#225;s&#8221;).
The total transaction amount is R$ 2,665 million and will be adjusted by the Interbank Certificate of Deposit (&#8220;CDI&#8221;),
between the execution date and transaction closing date. The amount will still be subject to adjustments related to the variations
in Liquig&#225;s&#8217; working capital and net debt between December 31, 2015 and the closing date of the transaction. On January
23, 2017, the EGM of Ultrapar approved the transaction. The closing of the acquisition were subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On February 28, 2018, the Court of Appeals of CADE voted
the transaction and despite all the efforts endeavored by the applicants throughout the analysis of the process and the negotiations
conducted with the Court of Appeals, decided to reject the transaction with the majority of votes. Due to non-compliance of one
of the precedent conditions to the consummation of the transaction, Cia. Ultragaz paid a fine of R$ 286,160 in favor of Petr&#243;leo
Brasileiro S.A. &#8211; Petrobras (&#8220;Petrobras&#8221;) on March 9, 2018.</font></p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4. Cash and Cash Equivalents and Financial Investments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash equivalents and financial investments,
excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of first-rate
financial institutions linked to the CDI, in repurchase agreement and in short term investments funds, whose portfolio comprised
exclusively of Brazilian Federal Government bonds; (ii) outside Brazil, in certificates of deposit of first-rate financial institutions
and in short term investments funds, whose portfolio comprised of Federal Government bonds; and (iii) in currency and interest
rate hedging instruments.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial assets were classified in Note
31, according to their characteristics and intention of the Company and its subsidiaries.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The balance of cash, cash equivalents and financial
investments amounted to R$ 6,369,928 in 2017 (R$ 5,701,849 as of December 31, 2016) and are distributed as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents are considered: (i)
cash and bank deposits, and (ii) highly-liquid short-term investments that are readily convertible into a known amount of cash
and are subject to an insignificant risk of change in value.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">323,033</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The financial investments of the Company and its subsidiaries, which
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Financial investments</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">129,131</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">85,753</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">218,458</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,367,924</font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,427,691</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,283,498</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,412,587</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">84,426</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,104</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">(a) Accumulated gains, net of income tax (see Note 31).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Trade Receivables and Reseller Financing<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The composition of trade receivables and reseller financing is as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">For further information about allowance for doubtful accounts see
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other receivables. [Refer: Trade and other receivables]</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Inventories<br></strong></div></th>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><sup>(1) </sup>Refers to ethanol, biodiesel and advance of fuels.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 10%">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The breakdown of provisions for losses related to inventories is
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2016-03-30&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Recoverable Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxesAbstract', window );"><strong>Recoverable Taxes</strong></a></td>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Recoverable taxes are substantially represented
by credits of Tax on Goods and Services (&#8220;ICMS&#8221;, the Brazilian VAT), Contribution for Social Security Financing (COFINS),
Social Integration Program (PIS), Income Tax (IRPJ), and Social Contribution (CSLL).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">580,630</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">295,172</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,587</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,868</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,194,826</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">881,584</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1)</sup> The provision for ICMS losses
relates to tax credits that the subsidiaries believe will not be utilized or offset in the future based on its estimates, and its
movements are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
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    <td colspan="2" style="vertical-align: bottom; background-color: #DAEEF3">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3">&#160;</td>
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    <td style="vertical-align: bottom; background-color: #DAEEF3">&#160;</td></tr>
<tr>
    <td>&#160;</td>
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    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 7%">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for recoverable taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties<br></strong></div></th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-left: 7.1pt"><font style="font-size: 8pt">Oxicap Ind&#250;stria de Gases Ltda.</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">6</font></td>
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    <td style="text-align: right"><font style="font-size: 8pt">18,079</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oxicap Ind&#250;stria de Gases Ltda.</font></td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6</font></td>
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    <td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">18,205</font></td>
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    <td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Purchase and sale transactions relate substantially
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customers and suppliers with comparable operational performance. The above operations related to ConectCar Solu&#231;&#245;es de
Mobilidade Eletr&#244;nica S.A. (&#8220;ConectCar&#8221;) refer to services provided. Borrowing agreements are for an indeterminate
period and do not contain interest clauses. In the opinion of the Company and its subsidiaries&#8217; management, transactions
with related parties are not subject to credit risk, which is why no allowance for doubtful accounts or collateral is provided.
Collateral provided by the Company in loans of subsidiaries and affiliates are mentioned in Note 14.k). Intercompany loans are
contracted in light of temporary cash surpluses or deficits of the Company, its subsidiaries, and its associates.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s compensation strategy combines
short and long-term elements, following the principles of alignment of interests and of maintaining a competitive compensation,
and is aimed at retaining key officers and remunerating them adequately according to their attributed responsibilities and the
value created to the Company and its shareholders.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Short-term compensation is comprised of: (a)
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complexity, and includes salary and benefits such as medical coverage, check-up, life insurance, and others; (b) variable compensation
paid annually with the objective of aligning the executive&#8217;s and the Company&#8217;s objectives, which is linked to: (i)
the business performance measured through its economic value creation and (ii) the fulfillment of individual annual goals that
are based on the strategic plan and are focused on expansion and operational excellence projects, people development and market
positioning, among others. In addition, the chief executive officer in office until October 2, 2017 was entitled to additional
long term variable compensation, which was terminated with the succession of the chief executive officer announced by the Company
in June, 2017. Further details about the Deferred Stock Plan are contained in Note 8.c) and about post-employment benefits in Note
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries recognized
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: white">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Short-term compensation</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">37,759</font></td></tr>
<tr style="background-color: white">
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Stock compensation</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,399</font></td>
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,096</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Termination benefit</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">8,794</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Long-term compensation</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(6,459)</font></td>
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<tr style="background-color: white">
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    <td nowrap="nowrap" style="vertical-align: bottom; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50,307</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 27, 2001, the Ordinary and Extraordinary
General Shareholders&#8217; Meeting (&#8220;OEGM&#8221;) approved a benefit plan to members of management and employees in executive
positions in the Company and its subsidiaries. On November 26, 2003, the EGM approved certain amendments to the original plan of
2001 (the &#8220;Deferred Stock Plan&#8221;). In the Deferred Stock Plan, certain members of management of the Company and its
subsidiaries have the usufruct of voting and economic rights of shares and the ownership of these shares is retained by the subsidiaries
of the Company. The Deferred Stock Plan provides for the transfer of the ownership of the shares to those eligible members of management
after five to seven years from the initial concession of the rights subject to uninterrupted employment of the participant during
the period. The total number of shares to be used for the Deferred Stock Plan is subject to the availability in treasury of such
shares. It is incumbent on Ultrapar&#8217;s executive officers to select the members of management eligible for the plan and propose
the number of shares in each case for approval by the Board of Directors. The fair value of the awards were determined on the grant
date based on the market value of the shares on the B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;B3&#8221;), the Brazilian
Securities, Commodities and Futures Exchange and the amounts are amortized between five to seven years from the grant date.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The table below summarizes shares granted to the Company and its
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt">&#160;</p>

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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2017, the amortization in the amount of R$
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below summarizes the changes of number
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 19.8pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
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    <td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,727,264</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">190,000</font></td></tr>
<tr style="background-color: white">
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Shares vested and transferred</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(417,192)</font></td></tr>
<tr style="background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, on April 19, 2017, Ultrapar&#8217;s
Shareholders approved a new incentive plan based on shares (&#34;Plan&#34;), which establishes the general terms and conditions
for the concession of common shares issued by the Company and held in treasury, that may or may not involve the granting of usufruct
of part of these shares for later transfer of the ownership of the shares, to directors or employees of the Company or its subsidiaries
under its direct or indirect control.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management may be appointed to participate in
this new plan (statutory or designated, except members of the Board of Directors of the Company) or employees in executive positions
of the Company or its subsidiaries under its direct or indirect control (&#8220;Participants&#8221;), subject to the provisions
of each program. The Board of Directors or the Personnel and Organization Committee, appointed to advise them on the administration
of the Plan (&#8220;Committee&#8221;), as the case may be, shall indicate, through the incentive programs in shares (&#8220;Program&#8221;),
the Participants that will have the usufruct on the shares issued by the Company and the concession of shares issued by the Company.
As a result of the Plan, common shares representing at most 1% of the Company's share capital may be delivered to the Participants,
which corresponds, at the date of approval of this Plan, to 5,564,051 common shares.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors approved the 1<sup>st</sup>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes<br></strong></div></th>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">19,111</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,419</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">146,002</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">201,471</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">78,682</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">771,103</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(225,492)</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,109</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,361</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">44,440</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">131,811</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">74,895</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,414</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">46,202</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">955</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">35,926</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,549</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">264,016</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">196,739</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(225,492)</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">38,524</font></td>
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    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,645</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Changes in the net balance of deferred IRPJ and CSLL are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">409,699</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">292,989</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">309,726</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">83,029</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,505</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(14,813)</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,389</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">18,938</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Deferred IRPJ and CSLL recognized in business combination</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(610)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Others</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,580</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,733)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">326</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">507,087</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">409,699</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">292,989</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The estimated recovery of deferred tax assets relating to IRPJ and
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="width: 84%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">207,210</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">79,790</font></td></tr>
<tr style="vertical-align: bottom">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">94,397</font></td></tr>
<tr style="vertical-align: bottom">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">194,627</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">55,765</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total of deferred tax assets relating to IRPJ and CSLL</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">771,103</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The technical study on Extrafarma's projection
of taxable profits for the realization of deferred tax assets was reviewed by the Fiscal Council on February 20, 2018 and approved
by the Company's Board of Directors on February 21, 2018, taking into account implementation of the actions proposed by the subsidiary's
management, among them, the operational restructuring and the expansion of stores.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font-size: 8pt"><b><i>b.&#160;</i></b></font></td>
    <td style="width: 96%"><font style="font-size: 8pt"><b><i>Reconciliation of Income and Social Contribution Taxes</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">IRPJ and CSLL are reconciled to the statutory tax rates as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 56%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">2,263,134</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,258,192</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">34</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(813,492)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">(769,466)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(767,785)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Adjustments to the statutory income and social contribution taxes:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(105,017)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">(57,961)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(70,540)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Nontaxable revenues (ii)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">19,084</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,753</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Adjustment to estimated income (iii)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,844</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">14,218</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,926</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Interest on equity (iv)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(550)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">(364)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">-</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Other adjustments</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">1,104</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">7,108</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">4,874</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Income and social contribution taxes before tax incentives</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(888,027)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">(798,904)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(816,772)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Tax incentives - SUDENE</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,598</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">98,912</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">82,436</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Income and social contribution taxes in the income statement</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(839,429)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">(699,992)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(734,336)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Current</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(922,458)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(800,497)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">83,029</font></td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<td style="width: 0"></td><td style="width: 0.5in">(i)</td><td style="text-align: justify">Nondeductible expenses consist of certain expenses that cannot be deducted for tax purposes under
applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative effects of foreign subsidiaries
and certain provisions;</td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-align: justify">&#160;</p>

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<td style="width: 0"></td><td style="width: 0.5in">(ii)</td><td style="text-align: justify">Nontaxable revenues consist of certain gains and income that are not taxable under applicable tax
legislation, such as the reimbursement of taxes and the reversal of certain provisions;</td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">(iii)</td><td style="text-align: justify">Brazilian tax law allows for an alternative method of taxation for companies that generated gross
revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form
of taxation, whereby income and social contribution taxes are calculated on a basis equal to 32% of operating revenues, as opposed
to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents
the difference between the taxation under this alternative method and the income and social contribution taxes that would have
been paid based on the effective statutory rate applied to the taxable income of these subsidiaries; and</td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.5in">(iv)</td><td style="text-align: justify">Interest on equity is an option foreseen in Brazilian corporate law to distribute profits to shareholders,
calculated based on the long-term interest rate (&#8220;TJLP&#8221;), which does not affect the income statement, but is deductible
for purposes of IRPJ and CSLL, being taxable to the beneficiary and deductible to the entity that pays.</td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font-size: 8pt"><b><i>c.</i></b></font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following subsidiaries are entitled to federal
tax benefits providing for IRPJ reduction under the program for development of northeastern Brazil operated by the Superintendence
for the Development of the Northeast (&#8220;SUDENE&#8221;):</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">2021</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1)</sup> In the first semester of 2018,
the subsidiary will request to SUDENE the extension of the tax incentive for another 10 years.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(2)</sup> On April 10, 2017 the subsidiary
requested to SUDENE the extension of recognition of the tax incentive for another 10 years, due to modernizations realized in Cama&#231;ari
plant. Due to modernizations on the plant, SUDENE approved the 75% income tax reduction until 2026 through an appraisal report
issued on July 13, 2017. On August 21, 2017, the constitutive benefit appraisal report was forwarded to the Brazilian Federal Revenue
Service (&#8220;RFB&#8221;) for approval within a term of 120 days. As a result of the expiration of the statutes of limitation
for the RFB to approve the constitutive benefit appraisal report, the income tax reduction was recognized by the subsidiary in
the income statement in 2017, in the total amount of R$ 34,547 with retroactive effect to January 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3)</sup> On June 12, 2017 the subsidiary
Empresa Carioca de Produtos Qu&#237;micos S.A. (&#8220;EMCA&#8221;) filed a request at SUDENE requiring the 75% income tax reduction
incentive for its Cama&#231;ari plant &#8211; Bahia, due to modernizations on the plant. SUDENE approved the 75% income tax reduction
until 2026 through an appraisal report issued on August 29, 2017. On September 21, 2017, the constitutive benefit appraisal report
was forwarded to the RFB for approval within a term of 120 days. As a result of the expiration of the statutes of limitation for
the RFB to approve the constitutive benefit appraisal report, the income tax reduction was recognized by the subsidiary in the
income statement in 2017, in the total amount of R$ 1,842 with retroactive effect to January 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 3, 2017, the subsidiary Bahiana Distribuidora
de G&#225;s Ltda. (&#8220;Bahiana&#8221;), filed a request at SUDENE requiring the 75% income tax reduction incentive, due to productive
unit implementation for its Juazeiro plant &#8211; Bahia. SUDENE approved the incentive until 2026 through an appraisal report
issued on November 7, 2017. The constitutive benefit appraisal report was forwarded to the RFB, on November 27, 2017, for approval
within a term of 120 days.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font-size: 8pt"><b><i>d.</i></b></font></td>
    <td style="width: 96%; text-align: justify"><font style="font-size: 8pt"><b><i>Income and Social Contribution Taxes Carryforwards</i></b></font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In 2017, certain subsidiaries of the Company
had tax loss carryforwards related to income tax (IRPJ) of R$ 598,183 (R$ 236,956 in 2016) and negative basis of CSLL of R$ 576,949
(R$ 216,036 in 2016), whose compensations are limited to 30% of taxable income in a given tax year, which do not expire. Based
on these values, the Company and its subsidiaries recognized deferred income and social contribution tax assets in the amount of
R$ 201,471 in 2017 (R$ 78,682 in 2016).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10. Prepaid expenses<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

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</font></sup><font style="font-size: 8pt">Refers substantially to the rental advance of service stations of IPP, which are subsequently
subleased and operated by the resellers<font style="color: #222222">.</font></font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="width: 4%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>a.&#160;</i></b></font></td>
    <td style="width: 96%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>Joint Ventures </i></b></font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company holds an interest in Refinaria de
Petr&#243;leo Riograndense (&#8220;RPR&#8221;), which is primarily engaged in oil refining.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The subsidiary Ultracargo &#8211; Opera&#231;&#245;es
Log&#237;sticas e Participa&#231;&#245;es Ltda. (&#8220;Ultracargo Participa&#231;&#245;es&#8221;) holds an interest in Uni&#227;o
Vopak &#8211; Armaz&#233;ns Gerais Ltda. (&#8220;Uni&#227;o Vopak&#8221;), which is primarily engaged in liquid bulk storage in
the port of Paranagu&#225;.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The subsidiary IPP holds an interest in ConectCar,
established in November 2012, which is primarily engaged in electronic payment of tolls and parking in the States of Alagoas, Bahia,
Cear&#225;, Esp&#237;rito Santo, Goi&#225;s, Maranh&#227;o, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Paran&#225;, Pernambuco,
Rio de Janeiro, Rio Grande do Sul, Santa Catarina, S&#227;o Paulo and Distrito Federal, and in the electronic fuel payment segment
throughout the Brazilian territory.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These investments are accounted for under the
equity method of accounting based on their financial statements of 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Balances and changes in joint ventures are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr>
    <td style="width: 47%">&#160;</td>
    <td style="width: 10%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 11%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 13%">&#160;</td>
    <td style="width: 2%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 13%">&#160;</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The table below presents the full amounts of balance
sheets and income statements of joint ventures:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
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    <td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr>
    <td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Uni&#227;o Vopak</b></font></td>
    <td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>RPR</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>ConectCar</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current assets</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,110</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">389,022</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">90,242</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,627</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">128,417</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">132,785</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,210</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">297,762</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,564</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">336</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,821</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,191</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">164,856</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">122,451</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,260</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">33,935</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Costs, operating expenses and income</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(10,852)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4,876,389)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(100,444)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,252)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(82,498)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,530</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Net income (loss) </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,156</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">109,063</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(41,979)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Number of shares or units held</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,995</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,078,888</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">169,860,500</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">% of capital held</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50</font></td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr>
    <td style="width: 53%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Uni&#227;o Vopak</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>RPR</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>ConectCar</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,360</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,300</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,570</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,090</font></td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The percentages in the table above are rounded.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font-size: 8pt"><b><i>b.&#160;</i></b></font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary IPP holds an interest in Transportadora
Sulbrasileira de G&#225;s S.A., which is primarily engaged in natural gas transportation services.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Oxiteno S.A. Ind&#250;stria e Com&#233;rcio
(&#8220;Oxiteno S.A&#8221;) holds an interest in Oxicap Ind&#250;stria de Gases Ltda. (&#8220;Oxicap&#8221;), which is primarily
engaged in the supply of nitrogen and oxygen for its shareholders in the Mau&#225; petrochemical complex.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Oxiteno Nordeste S.A. Ind&#250;stria
e Com&#233;rcio (&#8220;Oxiteno Nordeste&#8221;) holds an interest in Qu&#237;mica da Bahia Ind&#250;stria e Com&#233;rcio S.A.,
which is primarily engaged in manufacturing, marketing, and processing of chemicals. The operations of this associate are currently
suspended.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Cia. Ultragaz holds an interest in
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associate are currently suspended.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary IPP holds an interest in Plenog&#225;s
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suspended.</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investment of subsidiary Oxiteno S.A. in
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The table below presents the full amounts of balance sheets and income
statements of associates:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr style="vertical-align: bottom; background-color: white">
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    <td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760750048">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12. Property, Plant, and Equipment<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Balances
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,095</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">170</font></td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">353,022</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,415,100</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,285,338</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">341,198</font></td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
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</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(22,758)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(30,857)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(18,575)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">170,695</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(17,029)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">102,465</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(9,999)</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(89,371)</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(89,804)</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,415,100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(43,778)</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(55,913)</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">7</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,270,797)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(130,613)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">18,341</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,383,069)</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,124</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(4,810)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">186</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">260,685</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,916,978</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">829,335</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,643)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(108,005)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(72,053)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">10,564,612</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Accumulated
    depreciation:</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(565,308)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(40,766)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">15</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">12,309</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(591,831)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(313,647)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(48,132)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(359,117)</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(2,158,390)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(234,792)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(240)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,005</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">143,173</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 0.05in; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(2,241,244)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 10.7pt; text-indent: -7.1pt"><font style="font: 8pt Times New Roman, Times, Serif">Automotive
    fuel/lubricant distribution equipment&#160;and facilities</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,164,074)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Construction
in progress relates substantially to expansions, renovations, construction and upgrade of industrial facilities, terminals, stores,
service stations and distribution bases.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Advances to suppliers is related basically to
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</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760641264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Intangible Assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAbstract', window );"><strong>Intangible Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsExplanatory', window );">Intangible Assets</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Balances and changes in intangible assets are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="vertical-align: bottom; width: 24%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 7%; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"><font style="font-size: 8pt"><b>Weighted average useful life (years)</b></font></td>
    <td style="vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Balance on 12/31/2016</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Additions</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 10%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Amortization</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Transfer</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Write-offs and disposals</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Effect of foreign currency exchange rate variation</b></font></td>
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    <td style="vertical-align: bottom; width: 7%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Opening balance CBLSA</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt"><b>Balance on 12/31/2017</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt"><font style="font-size: 8pt">Cost:</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"><font style="font-size: 8pt">Goodwill (i)</font></td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">1,454,484</font></td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"><font style="font-size: 8pt">Software (ii)</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">641,691</font></td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">2,447</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">(1,193)</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">2,431</font></td>
    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-indent: 8pt"><font style="font-size: 8pt">Technology (iii)</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">32,617</font></td>
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    <td style="vertical-align: top; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">32,617</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 12pt; text-indent: -5.4pt"><p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 8pt">Commercial&#160;property&#160;</font></p>
                                                                                <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 8pt">rights (iv)</font></p></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center"><font style="font-size: 8pt">10</font></td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">43,258</font></td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">13,837</font></td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">641,691</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">1,456,179</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">451,936</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">82,612</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">453</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">(59)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,580</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">539,522</font></td></tr>
<tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">10</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">31,881</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,994</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">(287)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">36,588</font></td></tr>
<tr>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"><font style="font-size: 8pt">Distribution rights (v)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,762,985</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">515,502</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">3,278,487</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-indent: 7.1pt"><font style="font-size: 8pt">Brands (vi)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">105,458</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">15,484</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">120,944</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">38,606</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">6,492</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">1,932</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
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    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>&#160;</b></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>i)</b> The balance of the goodwill is
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31, 2017, the Company tested the
balances of goodwill shown in the table above for impairment. The determination of value in use involves assumptions, judgments,
and estimates of cash flows, such as growth rates of revenues, costs and expenses, estimates of investments and working capital,
and discount rates. The assumptions about growth projections and future cash flows are based on the Company&#8217;s business plan
of its operating segments, as well as comparable market data, and represent management&#8217;s best estimate of the economic conditions
that will exist over the economic life of the various CGUs, to which goodwill is related. The main key-assumptions used by the
Company to calculate the value in use are described below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Period of evaluation</u>: the evaluation
of the value in use is calculated for a period of five years (except the Extrafarma segment), after which we calculate the perpetuity,
considering the possibility of carrying the business on indefinitely. For the Extrafarma segment, a period of 10 years was used
due to its expansion plan and considering a four-years period to maturity of new stores.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Discount and real growth rates</u>: on December
31, 2017, the discount and real growth rates used to extrapolate the projections ranged from 9.6% to 12.7% and from 0% to 1% p.a.,
respectively, depending on the CGU analyzed. For the subsidiary Oxiteno Andina, due to the macroeconomic scenario in Venezuela,
the discount rate used was 803.8%.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Revenue from sales and services, costs and
expenses, and gross margin</u>: for 2018, the budget prepared by management and approved by the Board of Directors was considered.
In subsequent periods, the Company considers the forecast of the general inflation or price index predicted in the contracts.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Opening of new commercial points (investments)</u>:
for 2018, the budget prepared by the management and approved by the Board of Directors was considered. In subsequent periods, the
Company considers the expansion plans of each business unit, which also considers the commercial establishments closed in the previously
years.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The goodwill impairment tests and net
assets of the Company and its subsidiaries did not result in the recognition of  impairment for the year ended December 31,
2017. The Company assessed a sensitivity analysis of discount and growth rate of perpetuity, due to their significant impact
on cash flows and value in use. An increase of 0.5 percentage points in the discount rate or a decrease of 0.5 percentage
points in the growth rate of the perpetuity of the cash flow of each business segment would not result in the recognition of
impairment.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>ii)</b> Software includes user licenses and
costs for the implementation of the various systems used by the Company and its subsidiaries, such as: integrated management and
control, financial management, foreign trade, industrial automation, operational and storage management, accounting information,
and other systems.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>iii)</b> The subsidiaries Oxiteno S.A., Oxiteno
Nordeste and Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda. (&#8220;Oleoqu&#237;mica&#8221;) recognize
as technology certain rights of use held by them. Such licenses include the production of ethylene oxide, ethylene glycols, ethanolamines,
glycol ethers, ethoxylates, solvents, fatty acids from vegetable oils, fatty alcohols, and specialty chemicals, which are products
that are supplied to various industries.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>iv)</b> Commercial property rights include those described
below:</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 2%"><font style="font-size: 8pt">&#8226;</font></td>
    <td style="width: 98%; text-align: justify"><font style="font-size: 8pt">Subsidiary Terminal Qu&#237;mico de Aratu S.A. &#8211; Tequimar (&#8220;Tequimar&#8221;) has an agreement with CODEBA &#8211; Companhia das Docas do Estado da Bahia, which allows it to explore the area in which the Aratu Terminal is located for 20 years, renewable for a similar period. The price paid by Tequimar was R$ 12,000, which is being amortized from August 2002 to July 2042.</font></td></tr>
<tr style="vertical-align: top">
    <td>
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        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Subsidiary Tequimar has a lease contract for an area adjacent to the Port of Santos for 20 years from December 2002, renewable for a similar period, which allows the construction, operation, and use of a terminal for liquid bulk unloading, tank storage, handling, and distribution. The price paid by Tequimar was R$ 4,334, which is being amortized from August 2005 to December 2022.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 8pt">&#8226;</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Subsidiary Extrafarma pays key money to obtain certain commercial establishments to open drugstores which is stated at the cost of acquisition, amortized using the straight-line method, considering the lease contract terms. In the case of the closedown of stores, the residual amount is written off.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>v)</b> Distribution rights refer mainly to
exclusive rights disbursements as provided in Ipiranga&#8217;s agreements with resellers and large customers. Exclusive rights
disbursements are recognized when paid and recognized as selling expenses in the income statement according to the conditions established
in the agreement which is reviewed as per the changes occurred in the agreements.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>vi)</b> Brands are represented by the acquisition cost of the
&#8216;am/pm&#8217; brand in Brazil and of the Extrafarma brand.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><b>vii)</b> Other intangibles refer mainly
to the loyalty program &#8220;Clube Extrafarma&#8221;.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The amortization expenses were recognized in the financial statements
as shown below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 61%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Inventories and cost of products and services sold</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,344</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">14,593</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">11,522</font></td></tr>
<tr>
    <td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Selling and marketing</font></td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">484,609</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">492,973</font></td>
    <td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">436,253</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">General and administrative</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">57,758</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">47,358</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">42,689</font></td></tr>
<tr>
    <td style="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">571,711</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">554,924</font></td>
    <td style="vertical-align: top; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">490,464</font></td></tr>
</table>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>&#160;</b></p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsAbstract">
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<tr><td><div class="body" style="padding: 2px;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsAbstract</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760804368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>a.&#160;&#160;Composition</i></b></font></td>
    <td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>Description</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2017</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2016</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Index/Currency</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Weighted
    average financial charges 12/31/2017 &#8211; % p.a.</b></font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Maturity</b></font></p></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    currency &#8211; denominated loans:</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Notes
    in the foreign market (b) (*)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,454,142</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,412,112</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.3</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2026</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.1) (*)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">788,794</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">942,456</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
    + LIBOR (i)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.0</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2022</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.1) (*)</font> </td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">298,927</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">332,650</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
+ LIBOR (i)    </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.9</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    </font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.2, c.3 and c.4)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">259,015</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">486,451</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$ </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.2</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">330,755</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">195,021</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2019
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">106,745</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">109,859</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.8</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">27,048</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">24,586</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">MX$
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+8.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    currency advances delivered</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">26,080</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">32,582</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.2</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#60;
    54 days</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Advances
    on foreign exchange contracts</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">44,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">111,066</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.4</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#60;
    92 days</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,460</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">7,137</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+6.4</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2020</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,382</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,569</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">MX$
    + TIIE (ii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">593</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">435</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">Bs$
    (vii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+24.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Subtotal
    foreign currency</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,344,456</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,663,924</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Brazilian
    Reais &#8211; denominated loans:</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    - Ipiranga (g.1, g.2, g.4 and g.6)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,836,741</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,914,498</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">105.8</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2022</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
    do Brasil &#8211; floating rate (f)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,794,272</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,956,547</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">107.3</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2021</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    - 5th issuance (g.3)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">817,654</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">832,383</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">108.3</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    &#8211; CRA (g.5)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,380,852</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">95.0</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2022</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    &#8211; CRA (g.5) (*)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">554,402</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">IPCA</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+4.6</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2024</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">206,423</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">307,593</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
    (iii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.4</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2023</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Export
    Credit Note &#8211; floating rate (h)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">157,749</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">158,753</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">101.5</font></td>
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<tr style="background-color: #DAEEF3">
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    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">69,422</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">71,430</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">SELIC
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.3</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">62,754</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">62,084</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+3.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Finance
    leases (i)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,515</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,566</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">IGP-M
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.6</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINEP</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">35,611</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,667</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+4.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINEP</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">32,682</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">34,613</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
    (iii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2023</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
    do Nordeste do Brasil</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">28,136</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">47,120</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$
    </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+8.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    EXIM</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">30,850</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">28,056</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">SELIC
    (vi)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+3.9</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">26,270</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">40,309</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.6</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINAME</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">56</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">80</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
    (iii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.7</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Fixed
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">41</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Floating
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">109</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Subtotal
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,082,389</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">6,550,849</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Total
    foreign currency and Brazilian Reais</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,426,845</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,214,773</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Currency
    and interest rate hedging instruments (**)</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">163,749</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">202,357</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,590,594</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,417,130</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; width: 37%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Current</font></td>
    <td style="width: 11%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,503,675</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 9%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,475,604</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 12%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">10,086,919</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8,941,526</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">(*)
These transactions were designated for hedge accounting (see Note 31 &#8211; Hedge Accounting).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">(**)
Accumulated losses (see Note 31).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%"><font style="font: 8pt Times New Roman, Times, Serif">(i)</font></td>
    <td style="width: 97%"><font style="font: 8pt Times New Roman, Times, Serif">LIBOR = London Interbank Offered
    Rate.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(ii)</font></td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">MX$ = Mexican Peso; TIIE = the Mexican interbank
    balance interest rate.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(iii)</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">TJLP (Long-term Interest
    Rate) = set by the National Monetary Council, TJLP is the basic financing cost of Banco Nacional de Desenvolvimento Econ&#244;mico
    e Social (&#8220;BNDES&#8221;), the Brazilian Development Bank. On December 31, 2017, TJLP was fixed at 7.0% p.a.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(iv)</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Contract linked to
    the rate of FNE (Northeast Constitutional Financing Fund) fund whose purpose is to promote the development of the industrial
    sector, managed by Banco do Nordeste do Brasil. On December 31, 2017, the FNE interest rate was 10% p.a. FNE grants a discount
    of 15% on the interest rate for timely payments.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(v)</font></td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">IGP-M = General Market Price Index is a measure
    of Brazilian inflation, calculated by the Get&#250;lio Vargas Foundation.</font></td></tr>
<tr style="vertical-align: top; background-color: white">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(vi)</font></td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">SELIC = basic interest rate set by the Brazilian
    Central Bank.</font></td></tr>
<tr style="vertical-align: top; background-color: white">
    <td><font style="font: 8pt Times New Roman, Times, Serif">(vii)</font></td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">Bs$ = Bol&#237;var.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
changes in loans, debentures and finance leases are shown below:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 87%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Balance
    on 12/31/2016</font></td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,214,773</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">New
    loans and debentures with cash effect</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,510,694</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Interest
    accrued</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">925,421</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Principal
    payment and financial leases</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(2,467,391)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Interest
    payment</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(769,740)</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Monetary
    variation</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">37,937</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Change
    in fair value</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(24,849)</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Balance
    on 12/31/2017</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,426,845</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
long-term consolidated debt had the following principal maturity schedule:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2017</b></font></td>
    <td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2016</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,826,907</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    2 to 3 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">894,640</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    3 to 4 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,302,450</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,016,406</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">More
    than 5 years</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,046,516</font></td>
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<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">10,086,919</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8,941,526</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">As
provided in IAS 39, the transaction costs and issuance premiums associated with debt issuance by the Company and its subsidiaries
were added to their financial liabilities, as shown in Note 14.j).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
Company&#8217;s management entered into hedging instruments against foreign exchange and interest rate variations for a portion
of its debt obligations (see Note 31).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>b.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Notes
    in the Foreign Market</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: #212121">On
October 6, 2016, the subsidiary Ultrapar International S.A. (&#8220;Ultrapar International&#8221;) issued US$ 750 million in notes
in the foreign market, maturing in October 2026, with interest rate of 5.25% p. a., paid semiannually. The issue price was 98.097%
of the face value of the note. The notes were guaranteed by the Company and its subsidiary IPP. The Company has designated hedge
relationships for this transaction (see Note 31 &#8211; Hedge accounting: cash flow hedge and n</font><font style="font: 8pt Times New Roman, Times, Serif">et
investment hedge in foreign entities<font style="color: #212121">).</font></font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">As
a result of the issuance of the notes in the foreign market, the Company and its subsidiaries are required to perform certain
obligations, including:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">&#8226;
Restriction on sale of all or substantially all assets of the Company and subsidiaries Ultrapar International and IPP.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif"><br />
&#8226; Restriction on encumbrance of assets exceeding US$ 150 million or 15% of the amount of the consolidated tangible assets.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">The
Company and its subsidiaries are in compliance with the levels of covenants required by this debt. The restrictions imposed on
the Company and its subsidiaries are customary in transactions of this nature and have not limited their ability to conduct their
business to date.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif; color: black"><b><i>c.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: black"><b><i>Foreign
    Loans</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">1)
The subsidiary IPP has foreign loans in the amount of US$ 320 million. IPP also contracted hedging instruments with floating interest
rate in U.S. dollar and exchange rate variation, changing the foreign loans charges, on average, to 102.9% of CDI (see Note 31).
IPP designated these hedging instruments as a fair value hedge; therefore, loans and hedging instruments are both measured at
fair value from inception, with changes in fair value recognized through profit or loss. The foreign loans are secured by the
Company.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.25in; text-align: justify; text-indent: -0.25in"><font style="font: 8pt Times New Roman, Times, Serif">The
foreign loans have the maturity distributed as follows:</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; width: 68%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif"><b>Maturity</b></font></td>
    <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>US$
    (million)</b></font></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Cost
    in % of CDI</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Jul/18</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">60.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">103.0</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Sep/18</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">80.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">101.5</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Nov/18
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">80.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">101.4</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Jun/22</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">100.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">105.0</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Total
    / average cost</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">320.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><sup>&#160;</sup></font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">2)
The subsidiary LPG International Inc. has a foreign loan in the amount of US$ 30 million with maturity in December 2018 and interest
rate of LIBOR + 1.85% p.a., paid quarterly. The foreign loan is guaranteed by the Company and its subsidiary IPP.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">During
these contracts, the Company shall maintain the following financial ratios, calculated based on its audited consolidated financial
statements:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 2%"><font style="font: 8pt Times New Roman, Times, Serif">&#8226;</font></td>
    <td style="width: 98%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Maintenance
    of a financial ratio, determined by the ratio between consolidated net debt and consolidated Earnings before Interest, Taxes,
    Depreciation, and Amortization (EBITDA), at less than or equal to 3.5.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 2%"><font style="font: 8pt Times New Roman, Times, Serif">&#8226;</font></td>
    <td style="width: 98%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Maintenance
    of a financial ratio determined by the ratio between consolidated EBITDA and consolidated net financial expenses, higher than
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">The
Company complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries
are usual for this type of transaction and have not limited their ability to conduct their business to date.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">3)
The subsidiary GPPTC had a foreign loan in the amount of US$ 12 million with maturity in December 2018 and interest rate of LIBOR
+ 1.85% p.a., paid quarterly. The foreign loan was guaranteed by the Company and its subsidiary IPP. The subsidiary settled the
loan in advance in December 2017.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">4)
The subsidiary GPPTC has a foreign loan in the amount of US$ 60 million with maturity on June 22, 2020 and interest of LIBOR +
2.0% p.a., paid quarterly. The Company, through the subsidiary Cia. Ultragaz, contracted hedging instruments subject to floating
interest rates in dollar and exchange rate variation, changing the foreign loan charge to 105.9% of CDI. The foreign loan is guaranteed
by the Company and its subsidiary Oxiteno Nordeste.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 6%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>d.&#160;&#160;</i></b></font></td>
    <td style="width: 94%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>BNDES</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiaries have financing from BNDES for some of their investments and for working capital.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">During
the term of these agreements, the Company must maintain the following capitalization and current liquidity levels, as determined
in the annual consolidated audited balance sheet:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 2%; padding-left: 0.5in; text-indent: -0.25in"><font style="font: 8pt Times New Roman, Times, Serif">&#183;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    &#160;</font></td>
    <td style="width: 98%; padding-left: 19.35pt; text-indent: -19.35pt"><font style="font: 8pt Times New Roman, Times, Serif">&#183;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    Capitalization level: shareholders&#8217; equity / total assets equal to or above 0.3; and</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-left: 19.35pt; text-indent: -19.35pt"><font style="font: 8pt Times New Roman, Times, Serif">&#183;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
Company complies with the levels of covenants required by these loans. The restrictions imposed on the Company and its subsidiaries
are usual for this type of transaction and have not limited their ability to conduct their business to date.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 6%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>e.&#160;&#160;</i></b></font></td>
    <td style="width: 94%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Financial
    Institutions</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiaries Oxiteno Mexico S.A. de C.V., Oxiteno USA LLC (&#8220;Oxiteno USA&#8221;), Oxiteno Uruguay and Oxiteno Andina have
loans to finance investments and working capital.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary Oxiteno USA has a loan agreement in the amount of US$40 million, due in February 2021 and bearing interest of LIBOR
+ 3% p.a., paid quarterly. The loan is guaranteed by the Company and the subsidiary Oxiteno Nordeste and the proceeds of this
loan are being used to fund the construction of a new alkoxylation plant in the state of Texas.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary Oxiteno USA has a loan in the notional amount of US$20 million, due in September 2020, with interest of LIBOR + 3%
p.a., paid quarterly. The loan is guaranteed by the Company and the subsidiary Oxiteno S.A.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
October 2017, the subsidiary Oxiteno USA contracted a loan agreement in the amount of US$ 40 million, due in October 2022 and
bearing interest of LIBOR + 1.73% pa, paid quarterly. The proceeds of this loan are being used to fund the construction of a new
alkoxylation plant in the state of Texas. The loan is guaranteed by the Company.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 6%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>f.&#160;&#160;</i></b></font></td>
    <td style="width: 94%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Banco
    do Brasil</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary IPP has floating interest rate loans with Banco do Brasil to finance the marketing, processing, or manufacturing of
agricultural goods (ethanol).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">These
loans mature, as follows (accrued interest until December 31, 2017):</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif"><b>Maturity</b></font></td>
    <td style="width: 24%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2018-Jan</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">172,798</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2018-Apr</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">100,571</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2019-Feb</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">168,392</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2019-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,338,979</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2020-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">337,844</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2021-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">337,844</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">2022-May</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">337,844</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,794,272</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>g.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Debentures</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">1)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         December 2012, the subsidiary IPP made its first issuance of public debentures, in a
                                         single series of 60,000 simple, nominative, registered debentures, nonconvertible into
                                         shares and unsecured, which main characteristics are as follows:</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">November 16, 2017</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">107.9% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
debentures were settled by the Company on the maturity date.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">2)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         January 2014, the subsidiary IPP made its second issuance of public debentures, in a
                                         single series of 80,000 simple, nominative, registered debentures, nonconvertible into
                                         shares and unsecured, which main characteristics are as follows:</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">December 20, 2018</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">107.9% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">3)&#160;&#160;&#160;&#160;
In March 2015, the Company made its fifth issuance of debentures, in a single series of 80,000 simple, nonconvertible into shares,
unsecured debentures, which main characteristics are as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">March 16, 2018</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">108.25% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">4)&#160;&#160;&#160;&#160;
In May 2016, the subsidiary IPP made its fourth issuance of public debentures, in one single series of 500 simple, nominative,
registered debentures, nonconvertible into shares and unsecured, which main characteristics are as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">May 25, 2021</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Annual as from May
    2019</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">105.0% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">5)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         April 2017, the subsidiary IPP carried out its fifth issuance of debentures, in two single
                                         series of 660,139 and 352,361, simple, nonconvertible into shares, nominative, book-entry
                                         and unsecured debentures. The debentures have been subscribed by Eco Consult &#8211;
                                         Consultoria de Opera&#231;&#245;es Financeiras Agropecu&#225;rias Ltda. The proceeds
                                         from this issuance has been used exclusively for the purchase of ethanol.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
debentures were later assigned and transferred to Eco Securitizadora de Direitos Credit&#243;rios do Agroneg&#243;cio S.A. that
acquired these agribusiness credit rights with the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA).
The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">April 18, 2022</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">95% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">April 15, 2024</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">IPCA + 4.7%</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 93.9%
of CDI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both
measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">6)&#160;&#160;&#160;&#160;
In July 2017, the subsidiary IPP made its sixth issuance of public debentures, in one single series of 1,500,000 simple, nonconvertible
into shares and unsecured debentures, which main characteristics are as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">July 28, 2022</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Annual as from July
    2021</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">105.0% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Times New Roman, Times, Serif">7)</font></td><td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
                                         October 2017, the subsidiary IPP carried out its seventh issuance of debentures in the
                                         amount of R$ 944,077, in two single series of 730,384 and 213,693, simple, nonconvertible
                                         into shares, nominative, book-entry and unsecured debentures. The debentures have been
                                         subscribed by Vert Companhia Securitizadora. The proceeds from this issuance has been
                                         used exclusively for the purchase of ethanol.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
debentures were later assigned and transferred to Vert Cr&#233;ditos Ltda, that acquired these agribusiness credit rights with
the purpose to bind the issuance of Certificates of Agribusiness Receivables (CRA). The financial settlement occurred on November
1, 2017. The debentures have an additional guarantee from Ultrapar and the main characteristics of the debentures are as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">October 24, 2022</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">95% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Face
    value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">October 24, 2024</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of the face
    value:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Lump sum at final
    maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">IPCA + 4.33%</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Reprice:</font></td>
    <td style="text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary IPP contracted hedging instruments subjected to IPCA variation, changing the debentures charges linked to IPCA to 97.3%
of CDI. IPP designated these hedging instruments as fair value hedges; therefore, debentures and hedging instruments are both
measured at fair value from inception, with changes in fair value recognized through profit or loss.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
debentures have maturity dates distributed as shown below (accrued interest until December 31, 2017).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="width: 57%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif"><b>Maturity</b></font></td>
    <td nowrap="nowrap" style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; width: 36%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Mar/2018</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">817,654</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Dec/2018</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">801,026</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">May/2021</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">499,012</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Apr/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">656,009</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Jul/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,536,704</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Oct/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">724,841</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Apr/2024</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">350,873</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Oct/2024</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">203,530</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,589,649</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>h.
&#160;&#160;&#160;&#160;&#160;&#160;&#160;Export Credit Note</i></b></font></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary Oxiteno Nordeste has export credit note contract in the amount of R$ 156.8 million, with maturity in May 2018, and
floating rate of 101.5% of CDI, paid quarterly.</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif"><br style="clear: both" />
    <b><i>i.</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Finance
    Leases</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
subsidiary Cia. Ultragaz has a finance lease contract related to LPG bottling facilities, maturing in April 2031.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">Subsidiary
Extrafarma had finance lease contracts related to software, with term of 48 months, ended in 2017.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
amounts of equipment and intangible assets, net of depreciation and amortization, and the amounts of the corresponding liabilities
are shown below:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 35%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; width: 20%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2017</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>2016</b></font></td>
    <td style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>LPG
    bottling facilities</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>LPG
    bottling facilities</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Software</b></font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 0.05in; text-indent: -0.05in"><font style="font: 8pt Times New Roman, Times, Serif">Equipment
    and intangible assets, net of depreciation and amortization</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">223</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">17,301</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Financing
    (present value)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,515</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,566</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">150</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,716</font></td></tr>
<tr style="background-color: white">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,710</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,465</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">150</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,615</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">45,805</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">46,101</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">46,101</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><font style="font: 8pt Times New Roman, Times, Serif">The
future disbursements (installments) assumed under these contracts are presented below:</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>2017</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="5" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>2016</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 22%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>LPG
    bottling facilities</b></font></td>
    <td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>LPG
    bottling facilities</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Software</b></font></td>
    <td style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Total</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Up
    to 1 year</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">156</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,032</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    1 to 2 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    2 to 3 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    3 to 4 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">From
    4 to 5 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,876</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">More
    than 5 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">42,611</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">45,516</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;&#160;&#160;&#160;-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">45,516</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">68,176</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">69,896</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">156</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
above amounts include Services Tax (&#8220;ISS&#8221;) payable on the monthly installments, except for disbursements for the LPG
bottling facilities.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>j.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>Transaction
    Costs</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Transaction
costs incurred in issuing debt were deducted from the value of the related financial instruments and are recognized as an expense
according to the effective interest rate method, as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Effective
    rate of transaction costs (% p.a.)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Balance
    on 12/31/2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    cost</b></font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Amortization</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Balance
    on 12/31/2017</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Notes
    in the foreign market (14.b)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">16,612</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,314)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">15,298</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
    do Brasil (14.f)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">12,182</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(4,117)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8,065</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    (14.g)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">6,835</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">42,388</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(4,514)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">44,709</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loans (14.c)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,211</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">563</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,561)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,213</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Other</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,952</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,418</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(569)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,801</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">39,792</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">44,369</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(12,075)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">72,086</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Effective
    rate of transaction costs (% p.a.)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Balance
    on 12/31/2015</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Incurred
    cost</b></font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Amortization</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Balance
    on 12/31/2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,529</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(3,230)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">12,182</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    Loans (14.c)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,649</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(2,438)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,211</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    (14.g)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,801</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">6,407</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(1,373)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">6,835</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Notes
    in the foreign market (14.b)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">16,821</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(209)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">16,612</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Other</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">545</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,079</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(672)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,952</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">18,878</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">28,836</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(7,922)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">39,792</font></td></tr>
<tr>
    <td style="width: 37%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 9%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 11%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">The
amount to be appropriated to profit or loss in the future is as follows:</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 33%; padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Up
        to 1 year</b></font></p></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-top: 10pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-family: Cambria, Times, Serif; color: #404040; font-style: italic"><font style="font: normal 8pt Times New Roman, Times, Serif"><b>1
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    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2
        to 3 years</b></font></p></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>3
        to 4 years</b></font></p></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>4
        to 5 years</b></font></p></td>
    <td style="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: top; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt/110% Times New Roman, Times, Serif"><b>&#160;More
    than 5 years</b></font></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>Total</b></font></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Notes
    in the foreign market (14.b)</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,388</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,464</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,546</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,632</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,723</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">931</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">642</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">The
financings are guaranteed by collateral in the amount of R$ 66,337 in 2017 (R$ 56,570 in 2016) and by guarantees and promissory
notes in the amount of R$ 9,587,971 in 2017 (R$ 7,069,482 in 2016).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif">In
addition, the Company and its subsidiaries offer collateral in the form of letters of credit for commercial and legal proceedings
in the amount of R$ 237,537 in 2017 (R$ 215,988 in 2016) and guarantees related to raw materials imported by the subsidiary IPP
in the amount of R$ 81,046 in 2017 (R$ 59,316 in 2016).</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="margin: 0"><font style="font: 8pt Times New Roman, Times, Serif">Some subsidiaries of Oxiteno issue
collateral to financial institutions in connection with the amounts owed by some of their customers to such institutions (vendor
financing). If a subsidiary is required to make any payment under these collaterals, this subsidiary may recover the amount paid
directly from its customers through commercial collection. The maximum amount of future payments related to these collaterals
is R$ 8,224 in 2017 (R$ 30,764 in 2016), with maturities of up to 212 days. Until December 31, 2017, the subsidiaries did not
have losses in connection with these collaterals. The fair value of collaterals recognized in current liabilities as other payables
is R$ 205 in 2017 (R$ 743 in 2016), which is recognized as profit or loss as customers settle their obligations with the financial
institutions.</font></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of loans and advances to banks. [Refer: Loans and advances to banks]</p></div>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Some Company&#8217;s subsidiaries acquire oil based fuels and LPG from Petrobras and its subsidiaries and ethylene from Braskem
S.A. These suppliers control almost all of the markets for these products in Brazil.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other payables. [Refer: Trade and other payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760699488">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17. Taxes Payable<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>a.&#160;</i></b></font></td>
    <td style="width: 97%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>ULTRAPREV- Associa&#231;&#259;o de Previd&#234;ncia Complementar</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2001, the Company&#8217;s Board
of Directors approved the adoption of a defined contribution pension plan to be sponsored by the Company and each of its subsidiaries.
Participating employees have been contributing to this plan, managed by Ultraprev - Associa&#231;&#227;o de Previd&#234;ncia Complementar
(&#8220;Ultraprev&#8221;), since August 2001. Under the terms of the plan, every year each participating employee chooses his or
her basic contribution to the plan. Each sponsoring company provides a matching contribution in an amount equivalent to each basic
contribution, up to a limit of 11% of the employee&#8217;s reference salary, according to the rules of the plan. As participating
employees retire, they may choose to receive either (i) a monthly sum ranging between 0.5% and 1.0% of their respective accumulated
fund in Ultraprev or (ii) a fixed monthly amount which will exhaust their respective accumulated fund over a period of 5 to 25
years. The sponsoring company does not take responsibility for guaranteeing amounts or the duration of the benefits received by
the retired employee. In 2017, the subsidiaries contributed R$ 24,819 (R$ 23,261 in 2016 and R$ 22,216 in 2015) to Ultraprev, which
is recognized as expense in the income statement. The total number of participating employees in 2017 was 8,322 active participants
and 245 retired participants. In addition, Ultraprev had 27 former employees receiving benefits under the rules of a previous plan
whose reserves are fully constituted.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 3%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>b.&#160;</i></b></font></td>
    <td style="width: 97%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>Post-employment Benefits</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The subsidiaries recognized a provision for post-employment benefits
mainly related to seniority bonus, payment of Government Severance Indemnity Fund (&#8220;FGTS&#8221;), and health, dental care,
and life insurance plan for eligible retirees.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The amounts related to such benefits were determined based on a valuation
conducted by an independent actuary and reviewed by management as of December 31, 2017 and are recognized in the financial statements
in accordance with IAS 19 R2011.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">99,767</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">32,826</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">81,831</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">64,654</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Bonus</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">40,254</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">32,815</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Life insurance <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,671</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">14,456</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">237,523</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">144,751</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">30,059</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,940</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Non-current</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">207,464</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">119,811</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td><font style="font-size: 8pt">Only Ipiranga and, in 2017, also to CBLSA.</font></td></tr></table>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in the present value of the provision
for post-employment benefits are as follows:&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="width: 78%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: right">&#160;</td>
    <td style="width: 10%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="width: 10%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Opening balance</font></td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">144,751</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">126,595</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Current service cost</font></td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">7,664</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">3,636</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Interest cost</font></td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">15,754</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">14,538</font></td></tr>
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">36,120</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">11,818</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Benefits paid directly by Company and its subsidiaries</font></td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(11,368)</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(10,971)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">44,478</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">124</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(865)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Ending balance</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">237,523</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">144,751</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The expense of the year is presented below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 71%; padding-right: 5.65pt; padding-left: 5.65pt">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">164</font></td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">3,065</font></td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">3,291</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">FGTS Penalty</font></td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">14,828</font></td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">10,445</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">6,883</font></td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#160;</p>

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<tr style="vertical-align: top; background-color: #DAEEF3">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Demographic factors</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify; text-indent: 14.15pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#8226;&#9;Mortality Table for the
life insurance benefit &#8211; CSO-80</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#8226;&#9;Mortality Table for other
benefits - AT 2000 Basic decreased by 10%</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#8226;&#9;Disabled Mortality Table
- RRB 1983</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#8226;&#9;Disability Table - RRB
1944 modified</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Sensitivity analysis</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The significant actuarial assumptions to determine
the provision for post-employment benefits are: discount rate, wage and medical costs increases. The following sensitivity analyses
on December 31, 2017 were determined based on reasonably possible changes of assumptions occurring at the reporting date of the
financial statements, keeping all other assumptions constant.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 18%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>Change in assumptions</b></font></td>
    <td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The sensitivity analysis presented may not represent
the real change in the post-employment benefits obligation, since it is unlikely that changes occur in just one assumption alone,
considering that some of these assumptions may be correlated.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Inherent risks related to post-employment
benefits</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interest rate risk: a long-term interest rate
is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding
liability.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Wage growth risk: the present value of the liability
is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase
in the real wages of plan participants will increase the corresponding liability.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Medical costs growth risk: the present value
of the liability is calculated using as reference the medical cost by age based on actual healthcare costs, projected based on
the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&#160;</p><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for employee benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2016-01-13<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2016-03-30&amp;anchor=sect_Scope&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759826496">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19. Provision for Asset Retirement Obligation - Fuel Tanks<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherProvisionsExplanatory', window );">Provision for Asset Retirement Obligation - Fuel Tanks</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The provision corresponds to the legal obligation to remove Ipiranga&#8217;s
underground fuel tanks located at Ipiranga-branded service stations after a certain use period (see Note 2.m).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Changes in the provision for asset retirement obligation are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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<tr>
    <td style="vertical-align: bottom"><font style="font-size: 8pt">Initial balance</font></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2016-01-13<br> -Paragraph 84<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=37&amp;date=2016-03-30&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20. Provision, Contingencies, and Commitments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">The Company and its subsidiaries
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applicable, are backed by escrow deposits. Provisions for losses are estimated and updated by Management based on the opinion of
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Some of the provisions above involve, in whole
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">a.1.1) On October 7, 2005, the subsidiaries
Cia. Ultragaz and Bahiana filed for and obtained a preliminary injunction to recognize and offset PIS and COFINS credits on LPG
purchases, against other taxes levied by the RFB, notably IRPJ and CSLL. The decision was confirmed by a trial court on May 16,
2008. Under the preliminary injunction, the subsidiaries made escrow deposits for these debits which amounted to R$ 483,485 as
of December 31, 2017 (R$ 457,868 as of December 31, 2016). On July 18, 2014, a second instance unfavorable decision was published
and the subsidiaries suspended the escrow deposits, and started to pay income taxes from that date. To revert the court decision,
the subsidiaries presented a writ of prevention which was dismissed on December 30, 2014, and the subsidiaries appealed this decision
on February 3, 2015. Appeals were also presented to the respective higher courts (STJ and STF) whose final trial are pending.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">a.1.2) The subsidiaries Oxiteno S.A.,
Oxiteno Nordeste, Cia. Ultragaz, Tequimar, Tropical Transportes Ipiranga Ltda., EMCA, IPP and Extrafarma filed for a preliminary
injunction seeking the deduction of ICMS from their PIS and COFINS tax bases. On March 15, 2017, in a decision with general repercussion,
the Federal Supreme Court (STF) decided that the ICMS does not make up the calculation of PIS and COFINS tax bases. Therefore,
supported by its legal advisors, on March 31, 2017, Oxiteno Nordeste and IPP reversed the provision in the amount of R$ 109,463
in 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Company emphasizes that it is possible
for the STF to restrict the effects of the judgment or to decide that the effectiveness will be reached after its final decision
or other time that may be fixed. Despite the favorable context, until there is effective final decision, the causes may be reassessed,
which could result in the recognition of new provisions in the future.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>a.2) Provisions for Civil, Environmental
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a.2.1) The Company and its subsidiaries maintained
provisions for lawsuits and administrative proceedings, mainly derived from contracts entered into with customers and former services
providers, as well as proceedings related to environmental and regulatory issues in the amount of R$ 89,296 as of December 31,
2017 (R$ 69,350 as of December 31, 2016).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a.3.1) The Company and its subsidiaries maintained
provisions of R$ 82,425 as of December 31, 2017 (R$ 65,162 as of December 31, 2016) for labor litigation filed by former employees
and by employees of our service providers mainly contesting the non-payment of labor rights.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>b.&#160;</i>Contingent Liabilities (Possible)</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries are parties
in tax, civil, environmental, regulatory, and labor claims whose loss prognosis is assessed as possible (proceedings whose chance
of loss is 50% or less) by the Company&#8217;s legal departments based on the opinion of its external legal advisors and, based
on this assessment, these claims were not recognized in the financial statements. The estimated amount of this contingency is R$
2,576,583 as of December 31, 2017 (R$ 2,252,637 as of December 31, 2016).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>b.1) Contingent Liabilities for Tax Matters
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have contingent
liabilities for tax matters and social security in the amount of R$ 1,709,435 as of December 31, 2017 (R$ 1,519,658 as of December
31, 2016), mainly represented by:</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.1.1) The subsidiary IPP and its subsidiaries
have assessments invalidating the offset of excise tax (&#8220;IPI&#8221;) credits in connection with the purchase of raw materials
used in the manufacturing of products which sales are not subject to IPI under the protection of tax immunity. The amount of this
contingency is R$ 166,003 as of December 31, 2017 (R$ 169,889 as of December 31, 2016).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">b.1.2) The subsidiary IPP and its subsidiaries
have legal proceedings related to ICMS. The total amount involved in these proceedings, was R$ 618,774 as of December 31, 2017
(R$ 626,393 as of December 31, 2016). Such proceedings arise mostly of the disregard of ICMS credits amounting to R$ 307,255 (R$
283,367 as of December 31, 2016), of which R$ 121,891 (R$ 113,889 as of December 31, 2016) refer to proportional reversal requirement
of ICMS credits related to the acquisition of hydrated alcohol; of alleged non-payment in the amount of R$ 113,999 (R$ 108,786
as of December 31, 2016); and inventory differences in the amount of R$ 149,171 (R$ 147,031 as of December 31, 2016) related to
the leftovers or faults due to temperature changes or product handling.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.1.3) The Company and its subsidiaries are
parties to administrative and judicial suits involving Income Tax, Social Security Contribution, PIS and COFINS, substantially
about denials of offset claims and credits disallowance which total amount is R$ 645,868 as of December 31, 2017 (R$ 450,120 as
of December 31, 2016), mainly represented by:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.1.3.1) In the first quarter of 2017, the subsidiary
IPP received a tax assessment related to the IRPJ and CSLL resulting from the supposedly undue amortization of the goodwill paid
on acquisition of a subsidiary, in the amount of R$ 187,027 as of December 31, 2017, which includes the amount of the income taxes,
interest and penalty. Management assessed the likelihood of the tax assessment, supported by the opinion of its legal advisors,
as &#8220;possible&#8221;, and therefore did not recognize a provision for this contingent liability.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0"><b>b.2) Contingent Liabilities for Civil, Environmental and
Regulatory Claims </b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have contingent
liabilities for civil, environmental and regulatory claims in the amount of R$ 593,437, totaling 2,783 lawsuits as of December
31, 2017 (R$ 480,065, totaling 2,329 lawsuits as of December 31, 2016), mainly represented by:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.2.1) The subsidiary Cia. Ultragaz is party
to an administrative proceeding before CADE based on alleged anti-competitive practices in the State of Minas Gerais in 2001. The
CADE entered a decision against Cia. Ultragaz and imposed a penalty of R$ 32,315 as of December 31, 2017 (R$ 31,281 as of December
31, 2016). The imposition of such administrative decision was suspended by a court order and its merit is being judicially reviewed.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.2.2) In 2016, the subsidiary Cia. Ultragaz
became party to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices: i) one of the
proceedings relate to practices in the State of Para&#237;ba and other Northeast States, in which the subsidiary Bahiana is part
along with Cia. Ultragaz. On this proceeding, Cia. Ultragaz and Bahiana signed a Cessation Commitment Agreement (TCC) with CADE,
approved on November 22, 2017, in the amount of R$ 95,987, to be paid in 8 (eight) equal installments updated semiannualy by SELIC,
with maturity of the first one in 180 (one hundred and eighty) days from the date of publication of the approval. Three employees
and one former employee signed TCC in the total amount of R$ 1,100. With the TCC, the administrative proceeding will be suspended
in relation to the Cia. Ultragaz and Bahiana until final decision.; ii) the second proceeding relate to practices in the Federal
District and around, in which only Cia. Ultragaz is part. On this proceeding, Cia. Ultragaz signed a TCC with CADE, approved on
September 6, 2017, in the amount of R$ 2,154, to be paid in a single installment, with maturity in 180 (one hundred and eighty)
days from the date of publication of the approval. Two former employees signed TCC in the amount of R$ 50 each. With the TCC, the
administrative proceeding will be suspended in relation to the Cia. Ultragaz until final decision.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.2.3) The subsidiary IPP became party
to two administrative proceedings filed by CADE, related to allegations of anti-competitive practices in the city of Joinville,
State of Santa Catarina and around the city of Belo Horizonte, State of Minas Gerais. As of December 31, 2017, as a result of these
administrative proceedings, no fine had been imposed to the subsidiary. Supported by the opinion of external legal counsel that
classified the probability of loss as &#8220;remote&#8221;, Management did not recognize a provision for this contingency as of
December 31, 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.2.4) On November 29, 2016, a
technical opinion was issued by the Operational Support Center for Execution (Centro de Apoio Operacional &#224;
Execu&#231;&#227;o - CAEX), a technical body linked to the S&#227;o Paulo State Public Prosecutor (&#8220;MPE&#8221;),
presenting a proposal of compensation for the alleged environmental damages caused by the fire on April 2<sup>nd</sup>, 2015
at the Santos Terminal of the subsidiary Tequimar. This technical opinion is non-binding, with no condemnatory or sanctioning
nature, and will still be evaluated by the authorities and parties. The subsidiary disagrees with the methodology and the
assumptions adopted in the proposal and is negotiating an agreement with the MPE and the Brazilian Federal Public Prosecutor
(&#8220;MPF&#8221;), and currently there is no civil lawsuit filed on the matter. The negotiations relate to <i>in natura</i>
repair of the any damages. In case of  adverse conclusion of the negotiations with the MPE and MPF, the payments related to
the project costs may affect the future Company&#8217;s financial statements in addition to the amounts already recognized. In
addition, the MPF denounced the subsidiary Tequimar in the criminal sphere, which shall wait for the court summons in order
to take the necessary measures for its defense. For more information see Note 33.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>b.3) Contingent Liabilities for Labor Matters </b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have contingent
liabilities for labor matters in the amount of R$ 273,711, totaling 1,899 lawsuits as of December 31, 2017 (R$ 252,914, totaling
1,484 lawsuits as of December 31, 2016), mainly represented by:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b.3.1) In 1990, the Petrochemical Industry Labor
Union (Sindiqu&#237;mica), of which the employees of Oxiteno Nordeste and EMCA, companies located in the Cama&#231;ari Petrochemical
Complex, are members, filed separate lawsuits against the subsidiaries demanding the compliance with the fourth section of the
collective labor agreement, which provided for a salary adjustment in lieu of the salary policies practiced. In the same year,
a collective labor dispute was also filed by the Union of Employers (SINPEQ) against Sindiqu&#237;mica, requiring the recognition
of the loss of effectiveness of such fourth section. The decisions rendered on the individual claims which were favorable to the
subsidiaries Oxiteno Nordeste and EMCA are final and unappealable. The collective labor dispute remains pending trial by STF. In
2010, some companies in the Cama&#231;ari Petrochemical Complex signed an agreement with Sindiqu&#237;mica and reported the fact
in the collective labor dispute. In October 2015, Sindiqu&#237;mica filed enforcement lawsuits against all Cama&#231;ari Petrochemical
Complex companies that have not yet made settlements, including Oxiteno Nordeste and EMCA.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><i>c.&#160;</i>Lubricants operation between IPP and Chevron</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the process of  transaction of
the lubricants operation in Brazil between Chevron and subsidiary IPP (see Note 3.c), it was agreed that each shareholder  is
responsible for any claims arising out of acts, facts or omissions prior to the transaction. The liability provisions of the Chevron
shareholder in the amount of R$ 3,452 are reflected in the consolidation of these financial statements, as well as the
contingent liabilities identified in the date of acquisition, whose provision amount of R$ 198,900 was recognized as a
business combination on December 1, 2017. The amounts of provisions of Chevron's liability recognized in the business
combination will be reimbursed to subsidiary CBLSA in the event of losses and an indemnity asset was hereby constituted in
the same amount, without the need to establish a provision for uncollectible amounts.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21. Deferred Revenue<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The Company&#8217;s subsidiaries have recognized the following deferred
revenue:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">&#8216;am/pm&#8217; and Jet Oil franchising upfront fee </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">19,537</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">18,620</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Loyalty program &#8220;Km de Vantagens&#8221;</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,134</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,062</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Loyalty program &#8220;Clube Extrafarma&#8221;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,638</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,128</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">31,309</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">34,810</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">22,300</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,896</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,510</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Loyalty Programs</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Ipiranga has a loyalty program called
Km de Vantagens (www.kmdevantagens.com.br) under which registered customers are rewarded with points when they buy products at
Ipiranga service stations or at its partners. The customers may exchange these points, during the period of one year, for discounts
on products and services offered by Ipiranga and its partners. Points received by Ipiranga&#8217;s customers that may be used with
the partner Multiplus Fidelidade and for discounts of fuel in Ipiranga&#8217;s website (www.postoipiranganaweb.com.br) and discounted
from sales revenue.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Extrafarma has a loyalty program
called Clube Extrafarma (www.clubeextrafarma.com.br) under which registered customers are rewarded with points when they buy products
at its drugstore chain. The customers may exchange these points, during the period of six months, for discounts in products at
its drugstore chain, recharge credit on a mobile phone, and prizes offered by partners Multiplus Fidelidade and Ipiranga, through
Km de Vantagens. Points received by Extrafarma&#8217;s customers are discounted from sales revenue.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Deferred revenue is estimated based on the fair
value of the points granted, considering the value of the prizes and the expected redemption of points. Deferred revenue is recognized
in profit or loss when the points are redeemed, on which occasion the costs incurred are also recognized. Deferred revenue of unredeemed
points is also recognized in profit or loss when the points expire.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Franchising Upfront Fee</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">am/pm is the convenience stores chain of the
Ipiranga service stations. Ipiranga ended 2017 with 2,414 stores (2,165 stores in 2016). Jet Oil is Ipiranga&#8217;s lubricant-changing
and automotive service specialized network. Ipiranga ended 2017 with 1,735 stores (1,594 stores in 2016). The franchising upfront
fee received by Ipiranga is deferred and recognized in profit or loss on the straight-line accrual basis throughout the terms of
the agreements with the franchisees.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609718144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>22. Subscription warrants - indemnification<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrantsIndemnificationAbstract', window );"><strong>Subscription Warrants - Indemnification</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfSubscriptionWarrantsExplanatory', window );">Subscription warrants - indemnification</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of the association between the Company
and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued, corresponding to up to 3,205,622
shares of the Company. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders
of Extrafarma and are adjusted according to the changes in the amounts of provisions for tax, civil, and labor risks and contingent
liabilities related to the period prior to January 31, 2014. The subscription warrants &#8211; indemnification&#8217;s fair value
is measured based on the share price of Ultrapar (UGPA3) and is reduced by the dividend yield until 2020, since the exercise is
possible only from 2020, and they are not entitled to dividends until that date. In 2017, the subscription warrants &#8211; indemnification
were represented by 2,415,848 shares and amounted to R$ 171,459 (as of December 31, 2016, they were represented by 2,394,825 and
totaled R$ 153,429). Due to the final adverse decision of some of these lawsuits, on December 31, 2017, the maximum number of shares
that could be issued related to the subscription warrants &#8211; indemnification was up to 3,035,499 (3,059,579 shares as of December
31, 2016). For further information on Extrafarma&#8217;s acquisition, see Note 3.a to the financial statements of the Company filed
on February 17, 2016.</p><span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759800928">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>23. Shareholders' Equity<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityAbstract', window );"><strong>Shareholders Equity</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfStockholdersEquityExplanatory', window );">Shareholders' Equity</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>a.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Share Capital</i></b></font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is a publicly traded company listed
on B3 in the Novo Mercado listing segment under the ticker &#8220;UGPA3&#8221; and on the New York Stock Exchange (NYSE) in the
form of level III American Depositary Receipts (&#8220;ADRs&#8221;) under the ticker &#8220;UGP&#8221;. On December 31, 2017, the
subscribed and paid-in capital stock consists of 556,405,096 common shares with no par value and the issuance of preferred shares
and participation certificates is prohibited.&#160;Each common share entitles its holder to one vote at Shareholders&#8217; Meetings.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The price of the shares issued by the Company
as of December 31, 2017, on B3 was R$ 75.00.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2017, the Company is authorized
to increase capital up to the limit of 800,000,000 common shares, without amendment to the Bylaws, by resolution of the Board of
Directors.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2017, there were 28,935,260
common shares outstanding abroad in the form of ADRs (28,944,097 shares as of December 31, 2016).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>b.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Equity instrument granted</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 19, 2017, a new share-based incentive
plan was approved, which establishes the general terms and conditions for the concession of common shares issued by the Company
held in treasury (see Note 8.c).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>c.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Treasury Shares</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company acquired its own shares at market
prices, without capital reduction, to be held in treasury and to be subsequently disposed of or cancelled.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2017, 13,041,356 common shares
(13,131,356 as of December 31, 2016) were held in the Company&#8217;s treasury, acquired at an average cost of R$ 36.98 per share
(R$ 36.85 as of December 31, 2016).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>d.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Capital Reserve</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The capital reserve reflects the gain on the
transfer of shares at market price used in the Deferred Stock Plan granted to executives of the subsidiaries of the Company, as
mentioned in Note 8.c).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of Extrafarma&#8217;s association in
2014, the Company recognized an increase in the capital reserves in the amount of R$ 498,812, due to the difference between the
value attributable to share capital and the market value of the Ultrapar shares on the date of issue, deducted by R$ 2,260 related
to the incurred costs directly attributable to issuing new shares.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Revaluation Reserve</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The revaluation reserve reflects the revaluation
of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well
as the tax effects recognized by these subsidiaries.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>f.&#160;&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Profit Reserves</i></b></font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>Legal Reserve</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under Brazilian Corporate Law, the Company is
required to appropriate 5% of net annual earnings to a legal reserve, until the balance reaches 20% of capital stock. This reserve
may be used to increase capital or absorb losses, but may not be distributed as dividends.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>Retention of Profits</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reserve recognized in previous fiscal years
and used for investments contemplated in a capital budget, mainly for expansion, productivity, and quality, acquisitions and new
investments, in accordance with Article 196 of Brazilian Corporate Law. In compliance with Article 199 of the Brazilian Corporate
Law, on April 19, 2017 the OEGM deliberated the excess of the profit reserves in relation to share capital, increasing the share
capital in the amount of R$ 1,333,066, related to the retained earnings reserve.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>Investments Reserve</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In compliance with Article 194 of the Brazilian
Corporate Law and Article 55.c) of the Bylaws this reserve is aimed to protect the integrity of the Company&#8217;s assets and
to supplement its capital stock, in order to allow new investments to be made. As provided in its Bylaws, the Company may allocate
up to 45% of net income to the investments reserve, up to the limit of 100% of the share capital.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investments reserve is free of distribution
restrictions and totaled R$ 3,130,935 as of December 31, 2017.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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    <td style="width: 96%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><b><i>Valuation Adjustments and Cumulative Translation Adjustments </i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>Valuation Adjustments</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Actuarial gains and losses relating to post-employment
benefits, calculated based on a valuation conducted by an independent actuary, are recognized in shareholders&#8217; equity under
the title &#8220;valuation adjustments&#8221;. Actuarial gains and losses recorded in equity are not reclassified to profit or
loss in subsequent periods.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gains and losses on the hedging instruments
of exchange rate related to firm commitment and highly probable transactions designated as cash flows hedges are recorded in shareholders&#8217;
equity as &#8220;valuation adjustments&#8221;. Gains and losses are reclassified to initial cost of non-financial assets.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes in this item the effect
of changes in the non-controlling interest in subsidiaries that do not result in loss of control. This amount corresponds to the
difference between the amount by which the non-controlling interest was adjusted and the fair value of the consideration received
or paid and represents a transaction with shareholders.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>Cumulative Translation Adjustments</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The change in exchange rates on assets, liabilities,
and income of foreign subsidiaries that have (i) functional currency other than the presentation currency of the Company, (ii)
an independent administration and (iii) notes in the foreign market (see Note 31 - net investment hedge in foreign entities), is
directly recognized in the shareholders&#8217; equity. This accumulated effect is reflected in profit or loss as a gain or loss
only in case of disposal or write-off of the investment.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Balance and changes in valuation adjustments
and cumulative translation adjustments of the Company are as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Valuation adjustments</b></font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt">
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    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Fair value of financial instruments classified as available for sale</b></font></td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Actuarial gains (losses) of post-employment benefits</b></font></td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Non-controlling shareholders interest change</b></font></td>
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    <td style="vertical-align: bottom; border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Total</b></font></td>
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    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Cumulative translation adjustment </b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: top">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The shareholders are entitled, under the Bylaws,
to a minimum annual dividend of 50% of adjusted net income calculated in accordance with Brazilian Corporate Law. The dividends
and interest on equity in excess of the obligation established in the Bylaws are recognized in shareholders&#8217; equity until
the Shareholders approve them. The proposed dividends payable as of December 31, 2016 in the amount of R$ 472,650 (R$ 0.87 &#8211;
eighty seven cents of Brazilian Real per share), were approved by the Board of Directors on February 22, 2017, and paid beginning
March 10, 2017, being ratified at the OEGM on April 19, 2017. On August 9, 2017, the Board of Directors approved the anticipation
of dividends of 2017, in the amount of R$ 461,868 (R$ 0.85 &#8211; eighty five cents of Brazilian Real per share), paid as from
August 25, 2017. The proposed dividends payable as of December 31, 2017 in the amount of R$ 489,027 (R$ 0.90 &#8211; ninety cents
of Brazilian Real per share), were approved by the Board of Directors on February 21, 2018, and paid beginning March 12, 2018.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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    <td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"><font style="font: normal 8pt Times New Roman, Times, Serif">Net income for the year attributable to shareholders of Ultrapar</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">1,574,306</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">787,153</font></td></tr>
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    <td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt">&#160;</td>
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    <td style="font: bold 12pt/110% Calibri, Helvetica, Sans-Serif; padding-right: 2.15pt"><font style="font: normal 8pt Times New Roman, Times, Serif">Mandatory dividends payable &#8211; Current liabilities</font></td>
    <td style="padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">325,285</font></td></tr>
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        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0">shareholders&#8217; equity</p></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">163,742</font></td></tr>
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    <td style="padding-right: 2.15pt"><font style="font-size: 8pt">Dividends payable (R$ 0.90 per share)</font></td>
    <td style="padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">489,027</font></td></tr>
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    <td style="padding-right: 2.15pt"><font style="font-size: 8pt">Legal reserve</font></td>
    <td style="padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">78,716</font></td></tr>
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787367904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>24. Net Revenue from Sale and Services<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetRevenueFromSaleAndServicesAbstract', window );"><strong>Net Revenue From Sale And Services</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRevenueExplanatory', window );">Net Revenue from Sale and Services</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Gross revenue from sale</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">82,134,879</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">79,361,004</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,463,652</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Gross revenue from services</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">728,590</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">621,823</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">568,556</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Sales taxes</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,936,077)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,929,288) </font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,011,860)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Discounts and sales returns</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(927,557)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(703,305) </font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(360,777)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Deferred revenue (see Note 21)</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,587</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,721</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4,297)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Net revenue from sales and services</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,007,422</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,352,955</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p><span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetRevenueFromSaleAndServicesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetRevenueFromSaleAndServicesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRevenueExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRevenueExplanatory</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760676736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>25. Expenses by Nature<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpensesByNatureAbstract', window );"><strong>Expenses By Nature</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExpensesByNatureExplanatory', window );">Expenses by Nature</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The Company presents its expenses by function in the consolidated
income statement and presents below its expenses by nature:</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: #DAEEF3; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: transparent">
    <td style="width: 62%">&#160;</td>
    <td style="width: 12%; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; text-align: right">&#160;</td>
    <td style="width: 12%; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="width: 1%; padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="width: 12%; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td><font style="font-size: 8pt">Raw materials and materials for use and consumption</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">71,521,652</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">69,173,511</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">67,763,793</font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font-size: 8pt">Personnel expenses</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">2,231,556</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">2,042,985</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,950,776</font></td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td><font style="font-size: 8pt">Freight and storage</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,117,467</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,077,552</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,134,388</font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font-size: 8pt">Depreciation and amortization</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,175,951</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,103,538</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,002,647</font></td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td><font style="font-size: 8pt">Advertising and marketing</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">192,441</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">200,011</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">177,336</font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font-size: 8pt">Services provided by third parties</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">351,227</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">318,746</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">255,750</font></td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td><font style="font-size: 8pt">Lease of real estate and equipment</font></td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">196,970</font></td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">164,740</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">143,677</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-bottom: 1.1pt"><font style="font-size: 8pt">Other expenses</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">410,356</font></td>
    <td style="padding-bottom: 1.1pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">359,000</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">343,237</font></td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td>&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-bottom: 3.3pt"><font style="font-size: 8pt">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">77,197,620</font></td>
    <td style="padding-bottom: 3.3pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">74,440,083</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">72,771,604</font></td></tr>
<tr style="vertical-align: bottom; background-color: transparent">
    <td>&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font-size: 8pt">Classified as:</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt">&#160;</td>
    <td style="vertical-align: top; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>Refers to contracts with service
providers and suppliers which establish trade agreements for convenience stores and gas stations.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(2) </sup>Refers to contracts with suppliers
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3) </sup>Refers to sales of &#8220;Km
de Vantagens&#8221; to partners of the loyalty program. Revenue is recognized at the time that the partners transfer the points
to their customers.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>&#160;</sup></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(4) </sup>For more information about the
fire accident in Ultracargo, see Note 33.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(5) </sup>For more information about the
Cessation Commitment Agreement of the subsidiaries Cia. Ultragaz and Bahiana, see Notes 20.b.2.2 and 28.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(6) </sup>For further information on Extrafarma&#8217;s
acquisition, see Note 3.a. to the financial statements of the Company filed on February 17, 2016.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>28. Financial Income (Expense)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(672,102)</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(385,009)</font></td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(20,360)</font></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760652928">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>29. Earnings per Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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- indemnification, as mentioned in Notes 8.c and 22, respectively.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">545,740</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">545,509</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">548,054</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2.8847</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Weighted Average Shares Outstanding (in thousands)</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">541,813</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,395</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,532</font></td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765188336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>30. Segment Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SegmentInformationAbstract', window );"><strong>Earnings Per Share</strong></a></td>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company operates five main business segments:
gas distribution, fuel distribution, chemicals, storage and drugstores. The gas distribution segment (Ultragaz) distributes LPG
to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The
fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene,
natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The chemicals segment (Oxiteno)
produces ethylene oxide and its main derivatives and fatty alcohols, which are raw materials used in the home and personal care,
agrochemical, paints, varnishes, and other industries. The storage segment (Ultracargo) operates liquid bulk terminals, especially
in the Southeast and Northeast regions of Brazil. The drugstores segment (Extrafarma) trades pharmaceutical, hygiene, and beauty
products through its own drugstore chain in the states of Amap&#225;, Bahia, Cear&#225;, Maranh&#227;o, Par&#225;, Para&#237;ba,
Pernambuco, Piau&#237;, Rio Grande do Norte, S&#227;o Paulo, Sergipe and Tocantins. The segments shown in the financial statements
are strategic business units supplying different products and services. Intersegment sales are at prices similar to those that
would be charged to third parties.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The main financial information of each of the
Company&#8217;s segments are stated as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 62%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Net revenue from sales and services:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,069,340</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,365,524</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,621,242</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">67,730,856</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">66,407,305</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">65,349,812</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,957,584</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,700,703</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,082,479</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">438,360</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">355,412</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">315,510</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Extrafarma </font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,869,466</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,578,210</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,336,255</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,065,606</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,407,154</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,705,298</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50,752</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,504</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,244</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Intersegment sales</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(108,936)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(99,703)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(95,268)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,007,422</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,352,955</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Intersegment sales:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,217</font></td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">964</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">919</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,519</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,576</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,174</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">58,274</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,402</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50,662</font></td>
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<tr>
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,362,582</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,618,215</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">67,729,892</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">66,407,305</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,956,665</font></td>
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<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">384,186</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,869,466</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,578,210</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,336,255</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,007,332</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,352,752</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">90</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">269,125</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">288,449</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">213,895</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,415,534</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,383,585</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,154,606</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140,262</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">308,177</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">579,541</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">74,880</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">127,904</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(36,854)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5,577)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,985</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,862,947</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,102,538</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,936,969</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,973</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,172</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,561</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,105,710</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,961,530</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,245</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(19,777)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(23,178)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(21,779)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,417</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,745</font></td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(474,296)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(703,338)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">244,187</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">248,627</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">251,463</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,077,318</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">911,927</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">921,634</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">466,967</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">291,294</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">136,314</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">105,028</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">81,166</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,463</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">171,183</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140,454</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,813</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,064,683</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,673,468</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,414,687</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">22,626</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17,365</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,248</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,087,309</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,690,833</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,438,935</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(537)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(483)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(22,243)</font></td>
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<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,064,529</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">182,833</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">158,193</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">143,207</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">153,110</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">41,668</font></td></tr>
<tr>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">60,856</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">42,666</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,744</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,161,299</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,089,595</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,002,647</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,308,686</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,394,087</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,535,815</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,950,000</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">27,755,227</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,582,102</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">585,095</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 428.25pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1)</sup> Composed of the parent company
Ultrapar (including goodwill of certain acquisitions) and subsidiaries Serma - Associa&#231;&#227;o dos Usu&#225;rios de Equipamentos
de Processamento de Dados e Servi&#231;os Correlatos (&#8220;Serma&#8221;) and Imaven Im&#243;veis Ltda.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Geographic Area Information</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The fixed and intangible assets of the Company and its subsidiaries
are located in Brazil, except those related to Oxiteno&#8217; plants abroad, as shown below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">511,912</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">264,478</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Mexico </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">109,034</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">103,051</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Uruguay </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">65,876</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">67,251</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Venezuela </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">22,480</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,989</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">440,769</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><sup>(*) </sup>The increase refers to the construction of a new plant
in Pasadena, Texas.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The subsidiaries generate revenue from operations in Brazil, Mexico,
United Stated of America, Uruguay and Venezuela, as well as from exports of products to foreign customers, as disclosed below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 63%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Net revenue:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">78,763,771</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">76,283,061</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">74,337,803</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Mexico</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">190,205</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Uruguay</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">33,873</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,788</font></td>
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">119,097</font></td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Sales to the foreign market are made substantially by the Oxiteno
segment.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680557808">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RisksAndFinancialInstrumentsAbstract', window );"><strong>Risks And Financial Instruments</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory', window );">Risks and Financial Instruments</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Risk Management and Financial Instruments - Governance</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The main risks to which the Company and its
subsidiaries are exposed reflect strategic/operational and economic/financial aspects. Operational/strategic risks (including,
but not limited to, demand behavior, competition, technological innovation, and material changes in the industry structure) are
addressed by the Company&#8217;s management model. Economic/financial risks primarily reflect default of customers, behavior of
macroeconomic variables, such as exchange and interest rates, as well as the characteristics of the financial instruments used
by the Company and its subsidiaries and their counterparties. These risks are managed through control policies, specific strategies,
and the establishment of limits.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has a  policy for the
management of resources, financial instruments, and risks approved by its Board of Directors (&#8220;Policy&#8221;). In accordance
with the Policy, the main objectives of financial management are to preserve the value and liquidity of financial assets and ensure
financial resources for the development of the business, including expansions. The main financial risks considered in the Policy
are risks associated with currencies, interest rates, credit, and selection of financial instruments. Governance of the management
of financial risks and financial instruments follows the segregation of duties below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
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    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt">&#8226;</font></td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><u>Implementation</u> of the management of financial assets, instruments, and risks is the responsibility of the financial area, through its treasury department, with the assistance of the tax and accounting departments.</font></td></tr>
<tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt">&#8226;</font></td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt"><u>Supervision and monitoring</u> of compliance with the principles, guidelines, and standards of the Policy is the responsibility of the Risk and Investment Committee, which is composed of members of the Company&#8217;s Executive Board (&#8220;Committee&#8221;). The Committee holds regular meetings and is in charge, among other responsibilities, of discussing and monitoring the financial strategies, existing exposures, and significant transactions involving investment, fundraising, or risk mitigation. The Committee monitors the risk standards established by the Policy through a monitoring map on a monthly basis.</font></td></tr>
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    <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 8pt">The internal audit department <u>audits</u> the compliance with the requirements of the Policy.</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Currency Risk</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Most transactions of the Company, through its
subsidiaries, are located in Brazil and, therefore, the reference currency for risk management is the Brazilian Real. Currency
risk management is guided by neutrality of currency exposures and considers the transactional, accounting, and operational risks
of the Company and its subsidiaries and their exposure to changes in exchange rates. The Company considers as its main currency
exposures the assets and liabilities in foreign currency and the short-term flow of net sales in foreign currency of Oxiteno.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries use exchange
rate hedging instruments (especially between the Brazilian Real and the U.S. dollar) available in the financial market to protect
their assets, liabilities, receipts, and disbursements in foreign currency and net investments in foreign operations. Hedge is
used in order to reduce the effects of changes in exchange rates on the Company&#180;s income and cash flows in Brazilian Reais
within the exposure limits under its Policy. Such foreign exchange hedging instruments have amounts, periods, and rates substantially
equivalent to those of assets, liabilities, receipts, and disbursements in foreign currencies to which they are related. Assets
and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Assets and Liabilities in Foreign Currencies</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,238.8)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(26.1)</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24.8</font></td></tr>
<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Sensitivity Analysis of Assets and Liabilities in Foreign Currency</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The table below shows the effect of exchange rate changes in different
scenarios, based on the net liability position of R$ 1,430.4 million in foreign currency:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 50%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><u>In millions of Brazilian Reais</u></font></td>
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario I</b></font></td>
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    <td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(6.5)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(13.0)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(2) Shareholders&#8217; equity effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(140.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(351.1)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(702.2)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(1) + (2)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(143.0)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(357.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(715.2)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(3) Income statement effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Real appreciation</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6.5</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13.0</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(4) Shareholders&#8217; equity effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140.4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">351.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">702.2</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(3) + (4)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">143.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">357.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">715.2</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The shareholders&#8217; equity effect refers to cumulative translation
adjustments of changes in the exchange rate on equity of foreign subsidiaries (see Notes 2.r and 23.g - Cumulative Translation
Adjustments), net investments hedge in foreign entities, cash flow hedge of firm commitment and highly probable transaction (see
Note 2.c and Hedge Accounting below).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Interest Rate Risk</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries adopt policies for borrowing and investing financial resources and for capital cost minimization. The financial investments of the Company
and its subsidiaries are primarily held in transactions linked to the CDI, as set forth in Note 4. Borrowings primarily relate
to financing from Banco do Brasil, BNDES, and other development agencies, as well as debentures and borrowings in foreign currency,
as shown in Note 14.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company attempts to maintain its financial
interest assets and liabilities at floating rates.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below shows the financial assets and
liabilities exposed to floating interest rates:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><u>In millions of Brazilian Reais</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 68%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Note</b></font></td>
    <td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>CDI</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Cash equivalents</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,821.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,837.8</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Financial investments</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,153.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,174.5</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Asset position of foreign exchange hedging instruments - CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29.9</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">28.3</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Loans and debentures</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(7,987.3)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5,862.3)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Liability position of foreign exchange hedging instruments - CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,877.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,181.6)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Liability position of fixed interest instruments - CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(586.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(3,837.2)</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Sensitivity Analysis of Floating Interest Rate Risk</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below shows the incremental expenses
and income that would be recognized in financial income in 2017, due to the effect of floating interest rate changes in different
scenarios.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For sensitivity analysis of floating interest
rate risk, the Company used the accumulated amount of the reference indexes (CDI, TJLP, LIBOR, TIIE and SELIC) as a base scenario
up to December 31, 2017. Scenarios I, II and III were based on of 10%, 25% and 50% variation, respectively, in the floating interest
rate of the base scenario:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 51%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><u>In millions of Brazilian Reais</u></font></td>
    <td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Risk</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario I</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>10%</b></font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>25%</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>50%</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><b><u>Exposure of interest rate risk</u></b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Interest effect on cash equivalents and financial investments</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">47.3</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">118.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">236.3</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Foreign exchange hedging instruments (assets in CDI) effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">0.2</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.5pt; text-align: right; text-indent: -1pt"><font style="font-size: 8pt">0.5</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1.0</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Interest effect on debt in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(67.2)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(168.0)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(336.0)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Interest rate hedging instruments (liabilities in CDI) effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(38.6)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(94.2)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(186.7)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Incremental expenses</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Credit Risks</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The financial instruments that would expose
the Company and its subsidiaries to credit risks of the counterparty are basically represented by cash and bank deposits, financial
investments, hedging instruments (see Note 4), and trade receivables (see Note 5).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Credit risk of financial institutions </u>-
Such risk results from the inability of financial institutions to comply with their financial obligations to the Company and its
subsidiaries due to insolvency. The Company and its subsidiaries regularly conduct a credit review of the institutions with which
they hold cash and cash equivalents, financial investments, and hedging instruments through various methodologies that assess liquidity,
solvency, leverage, portfolio quality, etc. Cash and cash equivalents, financial investments, and hedging instruments are held
only with institutions with a solid credit history, chosen for safety and soundness. The volume of cash and cash equivalents, financial
investments, and hedging instruments are subject to maximum limits by each institution and, therefore, require diversification
of counterparties.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Government credit risk</u> - The Company's
policy allows investments in government securities from countries classified as investment grade AAA or Aaa by specialized credit
rating agencies and in Brazilian government bonds. The volume of such financial investments is subject to maximum limits by each
country and, therefore, requires diversification of counterparties.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Customer credit risk </u>- Such risks are
managed by each business unit through specific criteria for acceptance of customers and their credit rating and are additionally
mitigated by the diversification of sales. No single customer or group accounts for more than 10% of total revenue.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintained the following allowances
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">182,252</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultragaz</font></td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">33,804</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,755</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Extrafarma</font></td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Liquidity Risk</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries&#8217; main
sources of liquidity derive from (i)&#160;cash, cash equivalents, and financial investments, (ii)&#160;cash generated from operations
and (iii)&#160;financing. The Company and its subsidiaries believe that these sources are sufficient to satisfy their current funding
requirements, which include, but are not limited to, working capital, capital expenditures, amortization of debt, and payment of
dividends.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries periodically
examine opportunities for acquisitions and investments. They consider different types of investments, either directly, through
joint ventures, or through associated companies, and finance such investments using cash generated from operations, debt financing,
through capital increases, or through a combination of these methods.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries believe to
have enough working capital and sources of financing to satisfy their current needs. The gross indebtedness due over the next twelve
months totals R$ 3,809.9 million, including estimated interests on loans (for quantitative information, see Note 14). Furthermore,
the investment plan for 2018 totals R$ 2,676 million. As of December 31, 2017, the Company and its subsidiaries had R$ 6,285.5
million in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note 4).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below presents a summary of financial
liabilities as of December 31, 2017 to be settled by the Company and its subsidiaries, listed by maturity. The amounts disclosed
in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &#8203;&#8203;may be different from
the amounts disclosed on the balance sheet as of December 31, 2017.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" colspan="3" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><u>In millions of Brazilian Reais</u></font></td></tr>
<tr>
    <td style="width: 43%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Less than 1 year</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Between 1 and 3 years</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Between 3 and 5 years</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Currency and interest rate hedging instruments <sup>(3)</sup></font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">27.0</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Trade payables</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,155.5</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>To calculate the estimated interest
on loans some macroeconomic assumptions were used, including averaging for the period the following: (i) CDI of 6.76% in 2018,
8.08% from 2019 to 2020, 9.63% from 2021 to 2022, 10.70% from 2023 to 2033, (ii) exchange rate of the Real against the U.S. dollar
of R$ 3.37 in 2018, R$ 3.53 in 2019, R$ 3.77 in 2020, R$ 4.05 in 2021, R$ 4.35 in 2022, R$ 4.66 in 2023, R$ 4.99 in 2024, R$ 5.35
in 2025, R$ 5.73 in 2026 and R$ 6.13 in 2027 (iii) TJLP of 6.75% p.a. and (iv) IGP-M of 4.38% in 2018, 4.13% in 2019, 4.0% from
2020 to 2033 (v) IPCA of 3.9% (source: B3, Bulletin Focus and financial institutions).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><sup>(2)</sup> Includes estimated interest payments on short-term
and long-term loans until the payment date.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(3) </sup>The currency and interest rate
hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curves of DI x Pre and Pre x
IPCA contracts quoted on B3 on December 28, 2017 and on the futures curve of LIBOR (ICE - IntercontinentalExchange) on December
29, 2017. In the table above, only the hedging instruments with negative results at the time of settlement were considered.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Capital Management</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company manages its capital structure based
on indicators and benchmarks. The key performance indicators related to the capital structure management are the weighted average
cost of capital, net debt / EBITDA, interest coverage, and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents,
and financial investments (see Note 4) and loans, including debentures (see Note 14). The Company can change its capital structure
depending on the economic and financial conditions, in order to optimize its financial leverage and capital management. The Company
seeks to improve its return on invested capital by implementing efficient working capital management and a selective investment
program.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Selection and Use of Financial Instruments</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In selecting financial investments and hedging
instruments, an analysis is conducted to estimate rates of return, risks involved, liquidity, calculation methodology for the carrying
value and fair value, and a review is conducted of any documentation applicable to the financial instruments. The financial instruments
used to manage the financial resources of the Company and its subsidiaries are intended to preserve value and liquidity.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Policy contemplates the use of derivative
financial instruments only to cover identified risks and in amounts consistent with the risk (limited to 100% of the identified
risk). The risks identified in the Policy are described in the above sections, and are subject to risk management. In accordance
with the Policy, the Company and its subsidiaries can use forward contracts, swaps, options, and futures contracts to manage identified
risks. Leveraged derivative instruments are not permitted. Because the use of derivative financial instruments is limited to the
coverage of identified risks, the Company and its subsidiaries use the term &#8220;hedging instruments&#8221; to refer to derivative
financial instruments.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As mentioned in the section &#8220;Risk Management
and Financial Instruments &#8211; Governance&#8221;, the Committee monitors compliance with the risk standards established by the
Policy through a risk map, including the use of hedging instruments, on a monthly basis. In addition, the internal audit department
verifies the compliance with the requirements of the Policy.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The table below summarizes the position of hedging instruments entered
into by the Company and its subsidiaries:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Notional amount<sup>1</sup></b></font></td>
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    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Fair value</b></font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Amounts receivable</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Amounts payable </b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Hedging instruments</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Maturity</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"><font style="font-size: 8pt"><b>a &#8211;Exchange&#160;rate&#160;swaps&#160;receivable in U.S. dollars</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Receivables in U.S. dollars (LIBOR)</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Receivables in U.S. dollars (Fixed)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1) </sup>In million. Currency as indicated.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All transactions mentioned above were properly
registered with CETIP S.A.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Hedging instruments existing as of December 31<font style="color: #212121">,
2017 </font>are described below, according to their category, risk, and hedging strategy:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">a - Hedging against foreign exchange
exposure of liabilities in foreign currency - The purpose of these contracts is (i) to offset the effect of the change in exchange
rates of debts or firm commitments in U.S. dollars by converting them into debts or firm commitments in Brazilian Reais linked
to CDI, (ii) firm commitments in U.S. dollars, changing them into debts or firm commitments in Reais indexed to the CDI and (iii)
change a financial investment linked to the CDI and given as a guarantee to a loan in the U.S. dollar into a financial investment
linked to the U.S. dollar. As of December 31<font style="color: #212121">, 2017</font>, the Company and its subsidiaries had outstanding
swap contracts totaling US$ 1,256.6 million in notional amount with a liability position, on average of 81.5% of CDI, of which
US$ 223.6 million, had an asset position at US$ + 1.17% p.a., US$ 300.0 million had an asset position at US$ + LIBOR + 1.29% p.a.
and US$ 733.0 million in interest rate swap with an asset position at US$ + 5.65% p.a. This amount includes US$ 320.0 million related
to the fair value of hedging instruments of Ipiranga&#8217;s debt (see Notes 14.c and &#8220;hedge accounting&#8221; below) and
US$ 115.0 million related to hedging instruments of cash flow of firm commitment (see &#8220;hedge accounting&#8221; below).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">b - Hedging against foreign exchange
exposure of operations - The purpose of these contracts is to make the exchange rate of the revenues of subsidiaries Oleoqu&#237;mica,
Oxiteno S.A. and Oxiteno Nordeste equal to the exchange rate of the cost of their main raw materials during their operating cycles.
As of December 31<font style="color: #212121">, 2017</font>, these swap contracts totaled US$ 9.1 million and, on average, had
an asset position at 57.4% of CDI and a liability position at US$ + 0.0% p.a.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">c - Hedging against fixed interest rate
+ IPCA in Brazilian Reais &#8211; The purpose of this contract is to change fixed interest rate + IPCA of debentures issued in
Brazilian Reais to floating interest. As of December 31, 2017 this swap contract totaled R$ 566.1 million of notional amount, corresponding
to the principal amount of the debt and had an asset position at 4.55% p.a. + IPCA and a liability position at 95.2% of CDI.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Hedge Accounting</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries use derivative
and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness,
as well as the changes in their fair value.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair value hedge</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries designate as
fair value hedges certain financial instruments used to offset the variations in interest and exchange rates, which are based on
the market value of financing contracted in Brazilian Reais and U.S. dollars.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31<font style="color: #212121">,
2017</font>, the notional amount of foreign exchange hedging instruments designated as fair value hedge totaled US$ 320.0 million.
In <font style="color: #212121">2017</font>, a loss of R$ 143.4 million related to the result of hedging instruments, a gain of
R$ 16.5 million related to the fair value adjustment of debt, and a loss of R$ 4.1 million related to the financial expense of
the debt were recognized in the income statements, transforming the average effective cost of the operation into 102.7% of CDI
(see Note 14.c.1).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31, 2017, the notional amount of
interest rate hedging instruments designated as fair value hedges totaled R$ 566.1 million. As of December 31, 2017, a loss of
R$ 3.3 million related to the result of hedging instruments, a gain of R$ 19.1 million related to the fair value adjustment of
debt, and a loss of R$ 18.5 million related to the financial expense of the debt were recognized in the income statements, transforming
the average effective cost of the operations into 95.2% of CDI.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Cash flow hedge</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212121">The Company and its subsidiaries
designate, as cash flow hedge of firm commitment and highly probable transactions, derivative financial instruments to hedge &#34;firm
commitments&#34; and non-derivative financial instruments to hedge &#34;highly probable future transactions&#34;, to hedge against
fluctuations arising from changes in exchange rate.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 31<font style="color: #212121">,
2017</font>, the notional amount of exchange rate hedging instruments of firm commitments designated as cash flow hedges totaled
US$ 115.0 million, and a loss of R$ 45.4 million was recognized in the income statement. On December 31<font style="color: #212121">,
2017</font>, the unrealized gain of &#8220;Other comprehensive income&#8221; is R$ 5.3 million (loss of R$ 13.8 million on December
31, 2016), net of deferred income and social contribution taxes.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="color: #212121">On
December 31, 2017, the notional amount of foreign exchange hedging instruments for highly probable future transactions designated
as fair value hedge, related to notes in the foreign market totaled US$ 570.0 million. </font>On December 31<font style="color: #212121">,
2017</font>, t<font style="color: #212121">he unrealized loss of &#8220;Other comprehensive income&#8221; is R$ 30.5 million (loss
of R$ 12.1 million on December 31, 2016), net of deferred income and social contribution taxes.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><u>Net investment hedge
in foreign entities</u></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; color: #212121">The
Company and its subsidiaries designate, as net investment hedge in foreign entities, notes in the foreign market, for hedging net
investment in foreign entities, to offset changes in exchange rates.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"><font style="color: #212121">On December
31, 2017, the balance of foreign exchange hedging instruments designated as net investments hedge in foreign entities, related
to part of the investments made in entities which functional currency is other than the Brazilian Real, totaled US$ 113.0 million.
</font>On December 31<font style="color: #212121">, 2017</font>, t<font style="color: #212121">he unrealized loss of &#8220;Other
comprehensive income&#8221; is R$ 6.2 million (loss of R$ 2.8 million on December 31, 2016), net of deferred income and social
contribution taxes. The effects of exchange rate changes on investments and hedging instruments were offset in shareholders' equity.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><u>Gains (losses) on Hedging Instruments</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables summarize the value of
gains (losses) recognized, which affected the shareholders&#8217; equity of the Company and its subsidiaries:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>R$ million</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="width: 73%; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Profit or loss</b></font></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td>
    <td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Equity</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">a &#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(72.1)</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">5.3</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">b &#8211; Exchange rate swaps payable in U.S. dollars (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">3.2</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">c &#8211; Interest rate swaps in R$ (iii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">15.9</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">d &#8211; Non-derivative financial instruments (iv)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(104.2)</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(36.7)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt"><b>Total</b></font></td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(157.2)</font></td>
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
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<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td>
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="background-color: #DAEEF3">
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr>
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<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(iii) Considers the designation effect of interest
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The fair values and the carrying values of the financial instruments,
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">147,926</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">113,318</font></td></tr>
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">32,473</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">32,473</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">1,076,849</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">1,053,369</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">1,053,369</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">7,449</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">7,449</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"><font style="font-size: 8pt">Available for sale</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">129,131</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">34,775</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">85,753</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">218,458</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">218,458</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: left">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">6,369,928</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">6,369,928</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">5,701,849</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">5,701,849</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">1,428,907</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">1,428,907</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">6,761,907</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">6,990,269</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">6,881,085</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">5,035,247</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">5,037,072</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">2,746,881</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">2,746,915</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">554,402</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">48,716</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right"><font style="font-size: 8pt">153,429</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: center">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; font-size: 12pt; text-align: right">&#160;</td></tr>
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</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The fair value of financial instruments, including currency
and interest hedging instruments, was determined as follows:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 6%"><font style="font-size: 8pt">&#8226;</font></td>
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<tr style="vertical-align: top">
    <td><font style="font-size: 8pt">&#8226;</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Financial investments in investment funds are valued at the value of the fund unit as of the date of the financial statements, which corresponds to their fair value.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 8pt">&#8226;</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Financial investments in CDBs (Bank Certificates of Deposit) and similar investments offer daily liquidity through repurchase at the &#8220;yield curve&#8221; and, therefore, the Company believes their fair value corresponds to their carrying value.</font></td></tr>
<tr style="vertical-align: top">
    <td>&#8226;</td>
    <td><font style="font: 8pt Times New Roman, Times, Serif">The fair value of trade receivables and trade
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<tr style="vertical-align: top">
    <td>
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        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>
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    <td>
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        to dividends until then. The number of shares of subscription warrants &#8211; indemnification is also adjusted according to
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<tr style="vertical-align: top">
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</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of other financial investments
and financing was determined using calculation methodologies commonly used for mark-to-market reporting, which consist of calculating
future cash flows associated with each instrument adopted and adjusting them to present value at the market rates as of December
31, 2017 and 2016. For some cases where there is no active market for the financial instrument, the Company and its subsidiaries
can use quotes provided by the transaction counterparties.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The interpretation of market information on
the choice of calculation methodologies for the fair value requires considerable judgment and estimates to obtain a value deemed
appropriate to each situation. Consequently, the estimates presented do not necessary indicate the amounts that may be realizable
in the current market.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments were classified as loans
and receivables or financial liabilities measured at amortized cost, except (i) all exchange rate and interest rate hedging instruments,
which are measured at fair value through profit or loss, (ii) financial investments classified as measured at fair value through
profit or loss, (iii) financial investments that are classified as available for sale, which are measured at fair value through
other comprehensive income (see Note 4), (iv) loans and financing measured at fair value through profit or loss (see Note 14),
(v) guarantees to customers that have vendor arrangements (see Note 14.k), which are measured at fair value through profit or loss,
and (vi) subscription warrants &#8211; indemnification, which are measured at fair value through profit or loss (see Note 22).
The financial investments classified as held-to-maturity are measured at amortized cost. Cash, banks, and trade receivables are
classified as loans and receivables. Trade payables and other payables are classified as financial liabilities measured at amortized
cost.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><br style="clear: both" />
</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Fair Value Hierarchy of Financial Instruments</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The financial instruments are classified in the following categories:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; text-align: right"><font style="font-size: 8pt">(a)&#160;&#160;</font></td>
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<tr style="vertical-align: top">
    <td style="text-align: right"><font style="font-size: 8pt">(b)&#160;&#160;</font></td>
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<tr style="vertical-align: top">
    <td style="text-align: right"><font style="font-size: 8pt">&#160;(c)&#160;&#160;</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">The table below shows a summary of the financial assets and financial
liabilities measured at fair value in the Company&#8217;s and its subsidiaries:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 40%; padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Note</b></font></td>
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    <td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Level 3</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font-size: 8pt">Financial assets:</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Loans and receivables</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,821,605</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,821,605</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 4.5pt"><font style="font-size: 8pt">Financial investments in foreign currency</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,473</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">1,047,809</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">1,047,809</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at amortized cost</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">6,761,907</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,523,643</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,238,264</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at amortized cost</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">5,037,072</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">5,037,072</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">554,402</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">554,402</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">163,749</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">163,749</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">22</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">171,459</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">171,459</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">13,784,913</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">323,033</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">113,640</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">113,640</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,053,369</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,746,915</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,746,915</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,716</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14&#160;</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">202,357</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,122,489</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><sup>(1)</sup> Refers to subscription warrants
issued by the Company in the Extrafarma acquisition.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of trade receivables and trade payables are classified as level 2.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><u>Sensitivity Analysis</u></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries use derivative
financial instruments only to hedge against identified risks and in amounts consistent with the risk (limited to 100% of the identified
risk). Thus, for purposes of sensitivity analysis of market risks associated with financial instruments, the Company analyzes the
hedging instrument and the hedged item together, as shown on the charts below.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the sensitivity analysis of foreign exchange
hedging instruments, management adopted as a likely scenario the Real/U.S. dollar exchange rates at maturity of each swap, projected
by U.S dollar futures contracts quoted on B3 as of December 28, 2017. As a reference, the exchange rate for the last maturity of
foreign exchange hedging instruments is R$ 5.83 in the likely scenario. Scenarios II and III were estimated with a 25% and 50%
additional appreciation or depreciation of the Brazilian Real against the likely scenario, according to the risk to which the hedged
item is exposed.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the balances of the hedging instruments
and hedged items as of December 29, 2017, the exchange rates were replaced, and the changes between the new balance in Brazilian
Reais and the original balance in Brazilian Reais as of December 29, 2017 were calculated in each of the three scenarios. The table
below shows the change in the values of the main derivative instruments and their hedged items, considering the changes in the
exchange rate in the different scenarios:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Risk</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario I (likely)</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Currency swaps receivable in U.S. dollars</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(1) U.S. Dollar / Real swaps</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Dollar</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">198,138</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">690,432</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,182,726</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(2) Debts/firm commitments in dollars</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">appreciation</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(198,130)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(690,415)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,182,700)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(1)+(2)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">8</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">26</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Currency swaps payable in U.S. dollars</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(3) Real / U.S. Dollar swaps</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Dollar</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(97)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,486</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">devaluation</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(3)+(4)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For sensitivity analysis of hedging instruments
for interest rates in Brazilian Reais, the Company used the futures curve of the DI x Pre contract quoted on B3 as of December
28, 2017 for each of the swap and debt (hedged item) maturities, to determine the likely scenarios. Scenarios II and III were estimated
based on a 25% and 50% deterioration, respectively, of the likely scenario pre-fixed interest rate.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the three scenarios of interest rates
in Brazilian Reais, the Company estimated the values of its debt and hedging instruments according to the risk which is being hedged
(variations in the pre-fixed interest rates in Brazilian Reais), by projecting them to future value at the contracted rates and
bringing them to present value at the interest rates of the estimated scenarios. The result are shown in the table below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td nowrap="nowrap" style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>&#160;</b></font></td>
    <td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario I (likely)</b></font></td>
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr>
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<tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b><i>&#160;</i></b></p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>32. Commitments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommitmentsAbstract', window );"><strong>Commitments</strong></a></td>
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<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>a.&#160;</i></b></font></td>
    <td style="width: 95%; font: 10pt Times New Roman, Times, Serif"><font style="font-size: 8pt"><b><i>Contracts</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Tequimar has agreements with CODEBA
and Complexo Industrial Portu&#225;rio Governador Eraldo Gueiros, in connection with its port facilities in Aratu and Suape, respectively.
Such agreements establish a minimum cargo movement of products, as shown below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="width: 23%; text-align: center"><font style="font-size: 8pt"><b>Port</b></font></td>
    <td style="width: 48%; text-align: center"><font style="font-size: 8pt"><b>Minimum movement in tons per year</b></font></td>
    <td style="width: 29%; text-align: center"><font style="font-size: 8pt"><b>Maturity</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font-size: 8pt">Aratu </font></td>
    <td style="text-align: center"><font style="font-size: 8pt">397,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2031</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td><font style="font-size: 8pt">Aratu</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">900,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2022</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font-size: 8pt">Suape</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">250,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2027</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td><font style="font-size: 8pt">Suape</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">400,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2029</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the annual movement is less than the minimum
contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual
movement, based on the port tariff rates in effect on the date established for payment. As of December 2017, these rates were R$
6.99 per ton for Aratu and R$ 2.90 per ton for Suape. The subsidiary has met the minimum cargo movement required since the beginning
of the contractual agreements.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Oxiteno Nordeste has a supply agreement
with Braskem S.A. which establishes a minimum annually consumption level of ethylene, and conditions for the supply of ethylene
until 2021. The minimum purchase commitment clause provided for a minimum annual consumption of 205 thousand tons in 2017. Should
the minimum purchase commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the
quantity not purchased. According to contractual conditions and tolerances, there are no material issues regarding the minimum
purchase commitment.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiary Oxiteno S.A. has a supply agreement
with Braskem S.A., valid until 2023, which establishes and regulates the conditions for supply of ethylene to Oxiteno based on
the international market for this product. The minimum purchase is 22,050 tons of ethylene semiannually. Should the minimum purchase
commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the quantity not purchased.
According to contractual conditions and tolerances, there are no material issues regarding the minimum purchase commitment.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <td style="width: 4%"><font style="font-size: 8pt"><b><i>b.&#160;</i></b></font></td>
    <td style="width: 96%"><font style="font-size: 8pt"><b><i>Insurance Coverage in Subsidiaries</i></b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains insurance
policies with the objective of covering several risks to which it is exposed, including loss of profits, losses and damage from
fire, lightning, explosion of any kind, gale, aircraft crash, electric damage, and other risks, covering the industrial plants
and distribution bases and branches of all subsidiaries. The maximum compensation values based on the risk analysis of possible losses of certain locations are shown below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 40%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 60%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Maximum compensation value (*)</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ 1,142</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ 924</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ 740</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ 150</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Extrafarma</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ 160</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">(*) In millions. In accordance with policy conditions.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The General Liability Insurance program covers
the Company and its subsidiaries with a maximum aggregate coverage of US$ 400 million against losses caused to third parties as
a result of accidents related to commercial and industrial operations and/or distribution and sale of products and services.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains liability insurance policies
for directors and executive officers (D&#38;O) to indemnify the members of the Board of Directors, fiscal council and executive
officers of Ultrapar and its subsidiaries (&#8220;Insured&#8221;) in the total amount of US$ 80 million, which cover any of the
Insured liabilities resulting from wrongful acts, including any act or omission committed or attempted, except if the act, omission
or the claim is consequence of gross negligence or willful misconduct.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, group life and personal accident,
health and national and international transportation and other insurance policies are also maintained.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The coverage and limit of the insurance policies
are based on a careful study of risks and losses conducted by independent insurance advisors. The type of insurance is considered
by management to be sufficient to cover potential losses based on the nature of the business conducted by the companies.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <td style="width: 5%"><font style="font-size: 8pt"><b><i>c.&#160;</i></b></font></td>
    <td style="width: 95%"><font style="font-size: 8pt"><b><i>Operating Lease Contracts</i></b></font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subsidiaries Cia. Ultragaz, Bahiana, Tequimar,
Serma, and Oxiteno S.A. have operating lease contracts for the use of IT equipment. These contracts have terms from 36 to 48 months.
The subsidiaries have the option to purchase the assets at a price equal to the fair market price on the date of option, and management
does not intend to exercise such option. Subsidiaries Cia. Ultragaz and Bahiana have operating lease contracts related to vehicles
in their fleet. These contracts have terms of 24 to 60 months and there is no purchase option. The future disbursements (installments),
assumed under these contracts, amount approximately to:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 39%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Up to 1 year</b></font></td>
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    <td style="width: 20%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Between 1 and 5 years</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 15%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>More than 5 years</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Total</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-top: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The subsidiaries IPP, Extrafarma, and Cia. Ultragaz
have operating lease contracts related to land and building of service stations, drugstores, and stores, respectively. The future
disbursements and receipts (installments), arising from these contracts, amount approximately to:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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    <td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Total</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">530,744</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">444,582</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,143,059</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">receivable</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(60,705)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(178,696)</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(367,708)</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The expense recognized in 2017 for operating
leases was R$ 160,465 (R$ 101,330 in 2016 and R$ 100,522 in 2015), net of sublease income.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of commitments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>33. Ultracargo - Fire Accident in Santos<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_UltracargoFireAccidentInSantosAbstract', window );"><strong>Ultracargo - Fire Accident In Santos</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfUltracargoFireAccidentExplanatory', window );">Ultracargo - Fire Accident in Santos</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2015, a fire occurred in six ethanol
and gasoline tanks operated by Ultracargo in Santos, which represented 4% of the subsidiary&#8217;s overall capacity as of December
31, 2014. The Civil and Federal Police investigated the accident and its impacts, and concluded that it is not possible to determine
the cause of the accident and neither to individualize active or passive conduct related to the cause, and there was no criminal
charge against either individual or the subsidiary, by both authorities. Notwithstanding that, the Brazilian Federal Public Prosecutor
denounced the subsidiary Tequimar in the criminal sphere, which shall wait for the court summons in order to take the necessary
measures for its defense.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The decommissioning stage of the affected area
were completed. In June 2017, the licensing required for the return to operation of 67.5 thousands cubic meters from the total
of 150 thousands cubic meters affected by the fire was obtained. The remaining tanks continue to be paralyzed and in the process
of recovery for subsequent licensing and start of operation.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2016, the insurance receivable
in the amount of R$ 366,678 and indemnities to customers and third parties in the amount of R$ 99,863 were recognized. In the first
quarter of 2017, Ultracargo received the full amount from the insurers. As of December 31, 2017, the indemnities to customers and
third parties remaining amount is R$ 72,216. In addition, as of December 31, 2017, there are contingent liabilities not recognized
related to lawsuits and extrajudicial lawsuits in the amount of R$ 88,075 and R$ 25,852 (R$ 96,408 and R$ 16,637 as of December
31, 2016), respectively.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Ultracargo's Fire Accident additional information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792059552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>34. Subsequent Events<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubsequentEventAbstract', window );"><strong>Subsequent Events</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">Subsequent Events</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Acquisition under approval</i></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 30, 2018, the Company through
its subsidiary Tequimar entered into a sale and purchase agreement for the acquisition of 100% of the quotas of TEAS Terminal
Exportador de &#193;lcool de Santos Ltda. (&#8220;TEAS&#8221;), owned by Ra&#237;zen Energia S.A. and Ra&#237;zen Araraquara
A&#231;&#250;car e &#193;lcool Ltda., which had already been operated by the subsidiary Tequimar in the Port of Santos. The
purchase price of the acquisition was R$ 103 million. The closing of the acquisition is subject to certain usual conditions
precedent in transactions of similar nature, mainly the approval by CADE. On February 14, 2018, this transaction was approved
without restrictions through an opinion issued by the General Superintendence of CADE. The parties must wait 15 days for the
approval to be formally validated.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Issuance of Debentures</i></b></p>

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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2018, the Company made its sixth
issuance of debentures in a single series of 1,725,000, simple, non-convertible into shares, nominative, book-entry and unsecured
debentures with a par value of R$ 1,000.00, final maturity in 5 years (lump sum at final maturity) and interest of 105.25% of CDI.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2016-01-13<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=10&amp;date=2016-03-30&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6793724400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesPoliciesAbstract', window );"><strong>Presentation Of Financial Statements And Summary Of Significant Accounting Policies Policies</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue', window );">Recognition of Income</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is measured at the fair value of the
consideration received or receivable, net of sales returns, discounts, and other deductions, if applicable.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from sales of fuels and lubricants is
recognized when the products are delivered to gas stations and to large consumers. Revenue from sales of LPG is recognized when
the products are delivered to customers at home, to independent dealers and to industrial and commercial customers. Revenue from
sales of pharmaceuticals is recognized when the products are delivered to end user customers in own drugstores and when the products
are delivered to independent resellers. Revenue from sales of chemical products is recognized when the products are delivered to
industrial customers, depending of the freight mode of delivery. The revenue provided from storage services is recognized as services
are performed. Costs of products sold and services provided include goods (mainly fuels, lubricants, LPG, and pharmaceutical products),
raw materials (chemicals and petrochemicals) and production, distribution, storage, and filling costs.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents', window );">Cash and Cash Equivalents</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Includes cash, banks deposits, and short-term,
highly-liquid investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of
change in value. See Note 4 for further details on cash and cash equivalents of the Company and its subsidiaries.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory', window );">Financial Assets</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with International Accounting
Standards (&#8220;IAS&#8221;) 32, IAS 39, and IFRS 7, the financial assets of the Company and its subsidiaries are classified in
accordance with the following categories:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Measured at fair value through profit or loss: financial assets held
for trading, that is, acquired or incurred principally for the purpose of selling or repurchasing in the near term, and derivatives.
The balances are stated at fair value. The interest earned, the exchange variation, and changes in fair value are recognized in
profit or loss.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Held to maturity: non-derivative financial assets with fixed or determinable
payments, and fixed maturities for which the entity has the positive intention and ability to hold to maturity. The interest earned
and the foreign currency exchange variation are recognized in profit or loss, and balances are stated at acquisition cost plus
the interest earned, using the effective interest rate method.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Available for sale: non-derivative financial assets that are designated
as available for sale or that are not classified into other categories at initial recognition. The balances are stated at fair
value, and the interest earned and the foreign currency exchange variation are recognized in profit or loss. Differences between
fair value and acquisition cost plus the interest earned are recognized in other comprehensive income in the &#8220;Valuation adjustments&#8221;.
Accumulated gains and losses recognized in shareholders&#8217; equity are reclassified to profit or loss in case of prepayment.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Loans and receivables: non-derivative financial assets with fixed
or determinable payments or receipts, not quoted in an active market, except: (i) those which the entity intends to sell immediately
or in the near term and which the entity classified as measured at fair value through profit or loss; (ii) those classified as
available for sale; or (iii) those for which the Company may not recover substantially all of its initial investment for reasons
other than credit deterioration. The interest earned and the foreign currency exchange variation are recognized in profit or loss.
The balances are stated at acquisition cost plus interest, using the effective interest rate method. </font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">The Company and its subsidiaries
use financial instruments for hedging purposes, applying the concepts described below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Hedge accounting - fair value hedge: financial instruments used to
hedge exposure to changes in the fair value of an item, attributable to a particular risk, which can affect the entity&#8217;s
profit or loss. In the initial designation of the fair value hedge, the relationship between the hedging instrument and the hedged
item is documented, including the objectives of risk management, the strategy in conducting the transaction, and the methods to
be used to evaluate its effectiveness. Once the fair value hedge has been qualified as effective, the hedge item is also measured
at fair value. Gains and losses from hedge instruments and hedge items are recognized in profit or loss. The hedge accounting must
be discontinued when the hedge becomes ineffective.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Hedge accounting - cash flow hedge: financial instruments used to
hedge the exposure to variability in cash flows that is attributable to a risk associated with an asset or liability or highly
probable transaction or firm commitment that may affect the income statements. The portion of the gain or loss on the hedging instrument
that is determined to be effective relating to the effects of exchange rate effect, is recognized directly in equity in accumulated
other comprehensive income as &#8220;Valuation adjustments&#8221; while the ineffective portion is recognized in profit or loss.
Gains or losses on the hedging instrument relating to the effective portion of this hedge that had been recognized directly in
accumulated other comprehensive income shall be recognized in profit or loss in the period in which the hedged item is recognized
in profit or loss or as initial cost of non- financial assets, in the same line of the statement that the hedged item is recognized.
The hedge accounting shall be discontinued when (i) the Company cancels the hedging relationship; (ii) the hedging instrument expires;
and (iii) the hedging instrument no longer qualifies for hedge accounting. When hedge accounting is discontinued, gains and losses
recognized in other comprehensive income in equity are reclassified to profit or loss in the period which the hedged item is recognized
in profit or loss. If the transaction hedged is canceled or is not expected to occur, the cumulative gains and losses in other
comprehensive income in equity shall be recognized immediately in profit or loss.</font></td></tr></table>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 14.2pt; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 14.2pt"><font style="font: 8pt Symbol">&#183;</font></td><td style="text-align: justify"><font style="font-size: 8pt">Hedge accounting - hedge of net investments in foreign operation:
financial instruments used to hedge exposure on net investments in foreign subsidiaries due to the fact that the local functional
currency is different from the functional currency of the Company. The portion of the gain or loss on the hedging instrument that
is determined to be effective, referring to the exchange rate effect, is recognized directly in equity in accumulated other comprehensive
income as cumulative translation adjustments, while the ineffective portion and the operating costs are recognized in profit or
loss. The gain or loss on the hedging instrument that has been recognized directly in accumulated other comprehensive income shall
be recognized in income upon disposal of the foreign operation.</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For further detail on financial instruments
of the Company and its subsidiaries, see Note 31.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory', window );">Trade Receivables</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Trade receivables are recognized at the amount
invoiced. An allowance
for doubtful accounts is recorded based on estimated losses and is set at an amount deemed by management to be sufficient to cover
any probable loss on realization of trade receivables (see Notes 5 and 31 - Customer Credit Risk).</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories', window );">Inventories</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories are stated at the lower of acquisition
cost or net realizable value (see Note 6). The cost value of inventory is measured using the weighted average cost and includes
the costs of acquisition and processing directly and indirectly related to the units produced based on the normal capacity of production.
Estimates of net realizable value are based on the average selling prices at the end of the reporting period, net of applicable
direct selling expenses. Subsequent events related to the fluctuation of prices and costs are also considered, if relevant. If
net realizable values are below inventory costs, a provision corresponding to this difference is recognized. Provisions are also
made for obsolescence of products, materials, or supplies that (i) do not meet its subsidiaries&#8217; specifications, (ii) have
exceeded their expiration date, or (iii) are considered slow-moving inventory. This classification is made by management with the
support of its industrial and operations teams.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates', window );">Investments</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Investments in associates and joint ventures
are accounted for under the equity method of accounting in the consolidated financial statements (see Note 11).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">An associate is an investment, in which an investor
has significant influence, that is, has the power to participate in the financial and operating decisions of the investee but does
not exercise control.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A joint venture is an investment in which the
shareholders have the right to net assets on behalf of a joint control. Joint control is the agreement which establish that decisions
about the relevant activities of the investee require the consent from the parties that share control.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other investments are stated at acquisition
cost less provision for losses, unless the loss is considered temporary.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory', window );">Property, Plant, and Equipment</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant, and equipment is recognized
at acquisition or construction cost, including financial charges incurred on property, plant, and equipment under construction
(see Note 12), as well as maintenance costs resulting from scheduled plant outages and estimated costs to remove, to decommission,
or to restore assets (see Notes 2.m and 19), less accumulated depreciation and, when applicable, less provision for losses.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation is calculated using the straight-line
method, over the periods mentioned in Note 12, taking into account the estimated useful lives of the assets, which are reviewed
annually.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leasehold improvements are depreciated over
the shorter of the lease contract term and useful life of the property.</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory', window );">Leases</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#160;&#160;&#160;Finance Leases</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain lease contracts transfer substantially
all the risks and benefits associated with the ownership of an asset to the subsidiaries. These contracts are characterized as
finance leases, and assets thereunder are capitalized at lease commencement at their fair value or, if lower, present value of
the minimum lease payments under the contracts. The items recognized as assets are depreciated and amortized using the lower of
the straight-line method over the lower of the useful lives applicable to each group of assets or the contract terms, as mentioned
in Notes 12 and 13. Financial charges under the finance lease contracts are allocated to profit or loss over the lease contract
term, based on the amortized cost and the effective interest rate method of the related lease obligation (see Note 14.i).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#8226;&#160;&#160;&#160;Operating Leases</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There are lease transactions where the risks
and benefits associated with the ownership of the asset are not transferred and where there is no purchase option, or the purchase
option at the end of the contract is equivalent to the market value of the leased asset. Payments made under an operating lease
contract are recognized as cost or expense in the income statement on a straight-line basis over the term of the lease contract
(see Note 32.c).</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory', window );">Intangible Assets</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets include assets acquired by
the Company and its subsidiaries from third parties, according to the criteria below (see Note 13):</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 1%">&#160;</td>
    <td style="width: 2%; text-align: justify"><font style="font-size: 8pt">&#8226;</font></td>
    <td style="width: 97%; text-align: justify"><font style="font-size: 8pt">Goodwill is carried net of accumulated amortization as of December 31, 2008, when it ceased to be amortized. Goodwill generated since January 1, 2009 is shown as intangible assets corresponding to the positive difference between the amount paid or payable to the seller and the fair value of the identified assets and liabilities assumed of the acquired entity. Goodwill is tested annually for impairment. Goodwill is allocated to the business segments, which represent the lowest level that goodwill is monitored by the Company for impairment testing purposes (see Note 13.i).</font></td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify"><font style="font-size: 8pt">&#8226;</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Exclusive rights disbursements as provided in Ipiranga&#8217;s agreements with reseller service stations and major consumers are recognized as distribution rights when paid and amortized according to the conditions established in the agreements (see Note 13.v).</font></td></tr>
<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify"><font style="font-size: 8pt">&#8226;</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Other intangible assets acquired from third parties, such as software, technology, and commercial property rights, are measured at the total acquisition cost and amortized using straight-line method, over the periods mentioned in Note 13, taking into account their useful life, which is reviewed annually.</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have not recognized
intangible assets that were generated internally. The Company and its subsidiaries have goodwill and brands acquired in business
combinations, which are evaluated as intangible assets with indefinite useful life (see Note 13 items i and vi).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForOtherAssetsExplanatory', window );">Other Assets</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Other assets are stated at the lower
of cost and realizable value, including, if applicable, interest earned, monetary changes and changes in exchange rates incurred
or less a provision for loss and, if applicable, adjustment to present value (see Note 2.u).</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory', window );">Financial Liabilities</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries&#8217; financial
liabilities include trade payables and other payables, loans, debentures, finance leases and derivative financial instruments.
Financial liabilities are classified as &#8220;financial liabilities at fair value through profit or loss&#8221; or &#8220;financial
liabilities at amortized cost&#8221;. The financial liabilities at fair value through profit or loss refer to derivative financial
instruments, subscription warrants, and financial liabilities designated as hedged items in a fair value hedge relationship upon
initial recognition (see Note 2.c &#8211; Fair Value Hedge). The financial liabilities at amortized cost are stated at the initial
transaction amount plus related charges and net of amortization and transaction costs. The charges are recognized in profit or
loss using the effective interest rate method.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Transaction costs incurred and directly attributable
to the activities necessary for contracting loans or for issuing bonds, as well as premiums and discounts upon issuance of debentures
and other debt, are allocated to the instrument and amortized to profit or loss over its term,&#160;using the effective interest
rate method (see Note 14.j).</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory', window );">Income and Social Contribution Taxes on Income</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Current and deferred income tax (&#8220;IRPJ&#8221;)
and social contribution on net income tax (&#8220;CSLL&#8221;) are calculated based on their current rates,&#160;considering the
value of tax incentives. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last
day of the financial statements. The current rates in Brazil are 25% for income tax and 9% for social contribution on net income
tax. For further details about recognition and realization of IRPJ and CSLL, see Note 9.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of disclosure, deferred tax assets
were offset against the deferred tax liability, income tax and social contribution, in the same taxable entity and the same taxation
authority.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory', window );">Provision for Asset Retirement Obligation - Fuel Tanks</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have the legal
obligation to remove Ipiranga&#8217;s underground fuel tanks located at Ipiranga-branded service stations after a certain period.
The estimated cost of the obligation to remove these fuel tanks is recognized as a liability when the tanks are installed. The
estimated cost is recognized in property, plant, and equipment and depreciated over the respective useful lives of the tanks. The
amounts recognized as a liability are monetarily restated using the National Consumer Price Index (&#8220;IPCA&#8221;) until the
respective tank is removed (see Note 19). An increase in the estimated cost of the obligation to remove the tanks could result
in negative impact in future results. The estimated removal cost is reviewed and updated annually or when there is significant
change in its amount and change in the estimated costs are recognized in income statements when they become known.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory', window );">Provisions for Tax, Civil, and Labor Risks</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A provision for tax, civil and labor risks is
recognized for quantifiable risks, when the chance of loss is more-likely-than-not in the opinion of management and internal and
external legal counsel, and the amounts are recognized based on the evaluation of the outcomes of the legal proceedings (see Note
20).</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory', window );">Post-Employment Benefits</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Post-employment benefits granted and to be granted
to employees, retirees, and pensioners are based on an actuarial calculation prepared by an independent actuary and reviewed by
management, using the projected unit credit method (see Note 18.b). The actuarial gains and losses are recognized in cumulative
other comprehensive income in the &#8220;Valuation adjustments&#8221; and presented in the statement of shareholders&#8217; equity.
</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForOtherLiabilitiesExplanatory', window );">Other Liabilities</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">Other liabilities are stated at known or measurable amounts plus,
if applicable, related charges, monetary restatement, and changes in exchange rates incurred. When applicable, other liabilities
are recognized at present value, based on interest rates that reflect the term, currency, and risk of each transaction.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForForeignCurrencyTransactionsExplanatory', window );">Foreign Currency Transactions</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Foreign currency transactions carried out by
the Company or its subsidiaries are remeasured into their functional currency at the exchange rate prevailing at the date of each
transaction. Outstanding monetary assets and liabilities of the Company and its subsidiaries are translated using the exchange
rate at the date of the reporting period. The effect of the difference between those exchange rates is recognized in profit or
loss until the conclusion of each transaction.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForBasisForTranslationOfFinancialStatementsExplanatory', window );">Basis for Translation of Financial Statements of Foreign Subsidiaries</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Assets and liabilities of the foreign subsidiaries,
denominated in currencies other than that of the Company (functional currency: Brazilian Real), which have administrative autonomy,
are translated using the exchange rate at the end of the reporting year. Revenues and expenses are translated using the average
exchange rate of each year and shareholders&#8217; equity is translated at the historical exchange rate of each transaction affecting
shareholders&#8217; equity. Gains and losses resulting from changes in these foreign investments are directly recognized in shareholders&#8217;
equity in cumulative other comprehensive income in the &#8220;cumulative translation adjustments&#8221; and will be recognized
in profit or loss if these investments are disposed of. The balance in cumulative other comprehensive income and presented in the
shareholders&#8217; equity as cumulative translation adjustments in 2017 was a gain of R$ 53,061 (gain of R$ 7,519 in 2016) - see
Note 23.g - Cumulative Translation Adjustments.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foreign subsidiaries with functional currency
different from the Company and which have administrative autonomy are listed below:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; width: 39%"><font style="font-size: 8pt"><b><u>Subsidiary</u></b></font></td>
    <td style="vertical-align: bottom; width: 19%; padding-left: 69.3pt; text-indent: -59.4pt"><font style="font-size: 8pt"><b><u>Functional currency</u></b></font></td>
    <td style="vertical-align: bottom; width: 21%; padding-left: 69.3pt; text-align: right"><font style="font-size: 8pt"><b><u>Location</u></b></font></td>
    <td style="vertical-align: top; width: 21%; padding-left: 69.3pt; text-align: right"><font style="font-size: 8pt"><b>&#160;</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">Oxiteno M&#233;xico S.A. de C.V.</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font-size: 8pt">Mexican Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">&#160;&#160;&#160;Oxiteno Servicios Corporativos S.A. de C.V.</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font-size: 8pt">Mexican Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">&#160;&#160;&#160;Oxiteno Servicios Industriales de C.V.</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt"><font style="font-size: 8pt">Mexican Peso</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">Mexico</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">&#160;&#160;&#160;Oxiteno USA LLC</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font-size: 8pt">U.S. Dollar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">United States</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">Oxiteno Uruguay S.A. (i)</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font-size: 8pt">U.S. Dollar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">Uruguay</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom"><font style="font-size: 8pt">Oxiteno Andina, C.A. (ii)</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt"><font style="font-size: 8pt">Bolivar</font></td>
    <td style="vertical-align: bottom; padding-left: 9.9pt; text-align: right"><font style="font-size: 8pt">Venezuela</font></td>
    <td style="vertical-align: top; padding-left: 9.9pt; text-align: right">&#160;</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt">(i) The subsidiary Oxiteno Uruguay S.A. (&#8220;Oxiteno
Uruguay&#8221;) determined its functional currency as the U.S. dollar (&#8220;US$&#8221;), as its inventory sales, purchases of
raw material inputs, and financing activities are performed substantially in this currency.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">(ii) According the definition and
general guidance of IAS 29, the characteristics of the economic environment of Venezuela indicate that this country is a hyperinflationary
economy. As a result, the financial information of Oxiteno Andina, C.A. (&#8220;Oxiteno Andina&#8221;) was adjusted by the Venezuelan
Consumer Price Index.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">On May 19, 2017, the Venezuelan Central
Bank issued Foreign Exchange Regulation No. 38, altering the Venezuelan foreign exchange markets and regulating the legally recognized
types of exchange rates:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify">a) DIPRO - <i>Tipo de Cambio Protegido</i>
(Exchange Protected): Bolivar (&#8220;VEF&#8221;) is traded at an exchange rate of 9.975 VEF/US$ for purchase and 10.00 VEF/US$
for sale. This rate is applied to importation of essential goods (medicines and food) and raw materials and inputs related to the
production of these sectors, which transactions are channeled through CENCOEX - <i>Centro Nacional de Comercio Exterior en Venezuela</i>;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 21.3pt; text-align: justify">b) DICOM - <i>Tipo de Cambio Complementario
Flotante de Mercado Supplemental </i>(Floating Market Exchange): Bolivar was traded at the variable exchange rate of 3,345.00 VEF/US$
for sale and 3,336.64 VEF/US$ for purchase in the last auction of 2017. This rate is applied to all unforeseen currency settlement
transactions not expressly set forth in the Foreign Exchange Regulation, which transactions are processed through alternative currency
markets.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt 21.3pt; text-align: justify">Due to the political and economic
situation in Venezuela, the Company&#8217;s management uses the DICOM exchange rate in the translation.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Assets and liabilities of the other foreign
subsidiaries, which do not have administrative autonomy, are considered an extension of the activities of their parent company
and are translated using the exchange rate at the end of the reporting period. Gains and losses resulting from changes in these
foreign investments are directly recognized as financial income or loss. The gain recognized in income in 2017 amounted to R$ 7,368
(R$ 3,425 gain in 2016 and R$ 6,243 gain in 2015).</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory', window );">Use of Estimates, Assumptions and Judgments</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the financial statements
requires the use of estimates, assumptions, and judgments for the accounting of certain assets, liabilities, and income. Therefore,
the Company&#8217;s and subsidiaries&#8217; management use the best information available at the time of preparation of the financial
statements, as well as the experience of past and current events, also considering assumptions regarding future events. The financial
statements therefore include estimates, assumptions, and judgments related mainly to determining the fair value of financial instruments
(Notes 2.c, 2.k, 4, 14 and 31), the determination of the allowance for doubtful accounts (Notes 2.d, 5 and 31), the determination
of provisions for losses of inventories (Notes 2.e and 6), the determination of deferred income taxes amounts (Notes 2.l and 9),
the determination of control in subsidiaries (Notes 2.r and 3), the determination of joint control in joint venture (Notes 2.f
and 11.a), the determination of significant influence in associates (Notes 2.f and 11.b), the determination of exchange rate used
to translation of Oxiteno Andina&#8217; information (Note 2.r), the useful lives of property, plant, and equipment (Notes 2.g and
12), the useful lives of intangible assets, and the determination of the recoverable amount of goodwill (Notes 2.i and 13), provisions
for assets retirement obligations (Notes 2.m and 19), provisions for tax, civil, and labor risks (Notes 2.n and 20), estimates
for the preparation of actuarial reports (Notes 2.o and 18.b) and the determination of fair value of subscription warrants &#8211;
indemnification (Notes 22 and 31). The actual result of the transactions and information may differ from their estimates.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory', window );">Impairment of Assets</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
Company and its subsidiaries review, every report period, the existence of any indication that an asset may be impaired and annually
test intangible assets with indefinite useful life. If there is an indication, the Company and its subsidiaries estimate the recoverable
amount of the asset. Assets that cannot be evaluated individually are grouped in the smallest group of assets that generate cash
flow from continuous use and that are largely independent of cash flows of other assets (cash generating units &#8220;CGU&#8221;).
The recoverable amount of assets or CGUs corresponds to the greater of their fair value net of applicable direct selling costs
and their value in use.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">The
fair value less costs of disposal is determined by the price that would be received to sell an asset in an orderly transaction
between market participants at the measurement date, net of costs of removing the asset, and direct incremental costs to bring
an asset into condition for its sale, legal costs, and taxes.</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">To
assess the value in use, the Company and its subsidiaries consider the projections of future cash flows, trends, and outlooks,
as well as the effects of obsolescence, demand, competition, and other economic factors. Such cash flows are discounted to their
present values &#8203;&#8203;using the discount rate before tax that reflects market conditions for the period of impairment testing
and the specific risks of the asset or CGU being evaluated. In cases where the expected discounted future cash flows are less
than their carrying amount, an impairment loss is recognized for the amount by which the carrying value exceeds the fair value
of these assets. Losses for impairment of assets are recognized in profit or loss. In case goodwill has been allocated to a CGU,
the recognized losses are first allocated to reduce the corresponding goodwill. If the goodwill is not enough to absorb such losses,
the surplus is allocated to the assets on a pro-rata basis. An impairment of goodwill cannot be reversed. For other assets, impairment
losses may be reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortization, if the impairment had not been recognized.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">&#160;</font></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; color: #222222; text-align: justify"><font style="font: 8pt Times New Roman, Times, Serif; color: Black">No
impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015. For the year ended
December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond to R$ 1,695 related
to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina. There is a space missing
(ended December): No impairment was recognized in the present year (see Note 13.i) and for the year ended December 31, 2015.
For the year ended December 31, 2016, the Company recognized an impairment loss in the amount of R$ 2,114, which correspond
to R$ 1,695 related to goodwill and R$ 419 related to other intangible assets, from subsidiary Oxiteno Andina.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForAdjustmentToPresentValueExplanatory', window );">Adjustment to Present Value</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries reviewed all
items classified as non-current and, when relevant, current assets and liabilities. No recognition of present value adjustments
that would have relevant effects were identified.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory', window );">Business Combination</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A business combination is accounted applying
the acquisition method. The cost of the acquisition is measured based on the consideration transferred and to be transferred, measured
at fair value at the acquisition date. In a business combination, the assets acquired and liabilities assumed are measured in order
to classify and allocate them accordingly to the contractual terms, economic circumstances and relevant conditions on the acquisition
date. The non-controlling interest in the acquired is measured based on its interest in identifiable net assets acquired. Goodwill
is measured as the excess of the consideration transferred and to be transferred over the fair value of net assets acquired (identifiable
assets and liabilities assumed, net). After the initial recognition, goodwill is measured at cost less any accumulated impairment
losses. For impairment testing purposes, goodwill is allocated to the Company&#8217;s operating segments. When the cost of the
acquisition is lower than the fair value of net assets acquired, a gain is recognized directly in the income statement. Costs related
to the acquisition are recorded in the income statement when incurred.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory', window );">Statements of Cash Flows</a></td>
<td class="text"><p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify">The Company and its subsidiaries
prepared its consolidated statements of cash flows in accordance with IAS 7 - Cash Flow Statement. The Company and its subsidiaries
present the interest paid on loans and debentures in financing activities. The Company and its subsidiaries present financial investments
on a net basis of interest income in the investment activities.</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory', window );">Adoption of the Pronouncements Issued by IASB</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following standards, amendments, and interpretations
to IFRS were issued by the IASB which are effective as of December 31, 2017:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 73%">&#160;</td>
    <td style="width: 2%">&#160;</td>
    <td style="width: 13%; border-bottom: Black 1pt solid; text-align: center">&#160;</td>
    <td style="width: 12%; border-bottom: Black 1pt solid">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effective&#160;&#160;</b></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>date</b></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt">&#8226;&#160;&#160;&#160;
        IAS 7 &#8211; Disclosure Initiative &#8211; Amendments to IAS 7: clarifications made by the IASB related to liabilities arising
        from financing activities (see Note 14.a).</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-align: justify; text-indent: -14.2pt">&#160;</p></td>
    <td style="vertical-align: top">&#160;</td>
    <td style="text-align: center">&#160;</td>
    <td style="text-align: center"><font style="font-size: 8pt">2017</font></td></tr>
<tr>
    <td style="vertical-align: top">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt">&#8226;&#160;&#160;&#160; IAS 12
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        on the recognition of deferred tax assets on unrealised losses.</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.75pt; text-indent: -14.2pt"><b>&#160;</b></p></td>
    <td style="vertical-align: top">&#160;</td>
    <td style="text-align: center">&#160;</td>
    <td style="text-align: center"><font style="font-size: 8pt">2017</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following standards, amendments, and interpretations
to IFRS were issued by the IASB but are not yet effective and were not adopted as of December 31, 2017:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 73%; padding-left: 14.2pt; font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -14.2pt">&#160;</td>
    <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td style="width: 13%; font: 10pt Times New Roman, Times, Serif; text-align: center">&#160;</td>
    <td style="width: 12%">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effective&#160;&#160;</b></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>date</b></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&#8226;&#160;&#160;&#160;
        IFRS 9 &#8211; Financial instrument classification and measurement: includes new requirements for the classification and measurement
        of financial assets and liabilities, derecognition requirements, new impairment methodology for financial instruments, and new
        hedge accounting guidance.</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&#160;</p></td>
    <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">&#160;</td>
    <td>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">2018</p></td></tr>
<tr>
    <td style="vertical-align: top">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&#8226;&#160;&#160;&#160;
        IFRS 15 - Revenue from contracts with customers: establish the principles of nature, amount, timing and uncertainty of revenue
        and cash flow arising from a contract with a customer.</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify; text-indent: -14.2pt">&#160;</p></td>
    <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">&#160;</td>
    <td>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">2018</p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 14.2pt; text-align: justify; text-indent: -14.2pt"><font style="font-size: 8pt">&#8226;&#160;&#160;&#160; IFRS 16 - Lease: requires lessees record, in the financial statements, a liability reflecting future payments of a lease and the right to use an asset for the lease contracts, except for certain short-term leases and low asset value contracts. The criteria for recognition and measurement of leases in the financial statements of lessors are substantially maintained.</font></td>
    <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; text-align: center">&#160;</td>
    <td>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries did not adopt
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries disclosed
the relevant information, known or reasonably estimated to the possible impacts on the adoption of IFRS 9 and 15 that were
available in the preparation of these financial statements, and are subject to change until the first complete financial
statements with the initial adoption are disclosed in 2018.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(1) IFRS 9 adoption - Financial instruments:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-size: 8pt">a)</font></td><td style="text-align: justify"><font style="font-size: 8pt">Classification and measurement of financial instruments:</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries evaluated the
classification and measurement of financial instruments and, based on its business model, preliminarily concluded that the most
part of the financial investments will be classified as measured at fair value through other comprehensive income, except for funds
that will be classified as measured at fair value through profit or loss and financial investments given as collateral for loans
that will be classified as amortized cost.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries do not expect
material impacts resulting from these changes.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><font style="font-size: 8pt">b)</font></td><td style="text-align: justify"><font style="font-size: 8pt">Expected credit losses</font></td></tr></table>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries assessed the
expected credit losses on trade receivables, taking into account, at the initial recognition of the contract, the expected losses
for the next 12 months and for the useful life of the contract when the deterioration or improvement of customers' credit quality.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries evaluated the
impact of this change and the previously amount indicates an additional allowance for doubtful accounts in the amount of R$ 173,314,
which effect of R$ 121,563 recognized in the opening balance in the retained earnings. The deferred IRPJ and CSLL effect will be
recognized on the amounts above.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries have not identified
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries are evaluating
the practical implementation from the initial adoption of IFRS 9 to conclude whether the retrospective or prospective adoption
will be made.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(2) IFRS 15 adoption - Revenue recognition from
contracts with customers:</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries evaluated all
the stages for the recognition of their revenues from contracts with customers and based on their diagnosis did not identify material
measurement impacts resulting from the adoption of this standard.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In relation to the presentation in the income
statement, the Company and its subsidiaries evaluated that certain expenses that are currently been allocated as selling and marketing
expenses, after the adoption of IFRS15, will be presented as a reduction of revenue, substantially the amortization expenses of
exclusive contracts to operate Ipiranga service stations. In 2017 the amortization recognized as selling and marketing expenses
was R$ 463,049.</p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries are evaluating
the practical implementation of the initial adoption of IFRS 15 to conclude whether the retrospective or prospective adoption will
be made.</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table below summarizes the  estimate
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>As disclosed</b></font></td>
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<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr style="vertical-align: top">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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<tr>
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In relation to leases - IFRS 16, the Company
and its subsidiaries are quantifying the potential effects of this pronouncement, and it is expected to have a relevant impact
on the recognition of the right of use and debt related to lease contracts of the land and building of service stations, drugstores
and stores given the number of lease agreements&#160;the Company has in place. The Company is evaluating the&#160;transition options
that it will apply upon the adoption of the new standard. See Note 32.c for additional information regarding Company&#180;s lease
agreements.</p>



<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DescriptionOfAccountingPolicyForAuthorizationForIssuanceOfFinancialStatementsExplanatory', window );">Authorization for Issuance of the Financial Statements</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">These financial statements were authorized for issue by the Board
of Officers on April 06, 2018.</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for adjustment to Present Value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for authorization for Issuance of the Financial Statements.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for basis for Translation of Financial Statements of Foreign Subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for foreign currency transactions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for other liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for provision for asset retirement obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DescriptionOfAccountingPolicyForOtherProvisionsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for adoption of the Pronouncements Issued by IFRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DescriptionOfAccountingPolicyForPronouncementsIssuedByIfrsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for statements of cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DescriptionOfAccountingPolicyForStatementsOfCashFlowsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for use of Estimates, Assumptions and Judgments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DescriptionOfAccountingPolicyForUseOfEstimatesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesPoliciesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesPoliciesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for business combinations. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for the impairment of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for income tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory</td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for investments in associates. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates</td>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 36<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_36_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfImpactPronouncesmentsIssuedTableTextBlock', window );">Impacts of adoption</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; width: 16%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>IFRS 9 (1)</b></p>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>IFRS 15 (2) adoption</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
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<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,201,291</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(173,314)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,027,977</font></td></tr>
<tr>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,139,031</font></td>
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    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,139,031</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">28,167,008</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt">&#160;&#160;&#160;Current liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,013,988</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,013,988</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">11,605,502</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(58,927)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">11,546,575</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt">Shareholder&#8217;s equity</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,720,832</font></td>
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    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(114,387)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,606,445</font></td></tr>
<tr>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">28,340,322</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(173,314)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">28,167,008</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt">Income statements</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,007,422</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">79,544,373</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(72,735,781)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(72,735,781)</font></td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,576,528)</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(474,296)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(474,296)</font></td></tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Tables)<br></strong></div></th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Ultragaz</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">99</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">99</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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</tr>
<tr class="re">
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<td class="text"><table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line">&#160;</td>
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<tr style="vertical-align: top; background-color: #DAEEF3">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt"><b>&#160;</b></font></td>
    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt"><b>&#160;</b></font></td>
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt"><b>&#160;</b></font></td></tr>
<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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    <td style="text-align: right; layout-grid-mode: line">&#160;</td>
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<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">&#160;</font></td>
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">&#160;</font></td></tr>
<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-left: 6.8pt; text-indent: -6.8pt; text-align: left; layout-grid-mode: line">&#160;</td>
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<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; text-align: right; layout-grid-mode: line">&#160;</td></tr>
<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">889,346</font></td>
    <td style="text-align: right; layout-grid-mode: line">&#160;</td>
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</table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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    <td style="width: 15%; text-align: right; layout-grid-mode: line">&#160;</td></tr>
<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">356,077</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
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    <td style="text-align: right; layout-grid-mode: line">&#160;</td></tr>
<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">765,673</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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    <td style="text-align: right; layout-grid-mode: line"><font style="font-size: 8pt">(350,666)</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
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<p style="margin-top: 0; margin-bottom: 0"></p>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>4. Cash and Cash Equivalents and Financial Investments (Tables)<br></strong></div></th>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Trade Receivables and Reseller Financing (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose by class of financial asset an analysis of the age of financial assets that are past due as at the end of the reporting period but not impaired.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765518992">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Inventories (Tables)<br></strong></div></th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionForLossesTableTextBlock', window );">Movements in the provision for losses</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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<tr>
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    <td style="width: 85%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 10%">&#160;</td>
    <td style="width: 1%">&#160;</td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesProvisionForLossesTableTextBlock', window );">Breakdown of provisions for losses related to inventories</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">19,817</font></td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Recoverable Taxes (Tables)<br></strong></div></th>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 0.05in"><font style="font-size: 8pt">Oxicap Ind&#250;stria de Gases Ltda</font></td>
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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-left: 7.1pt"><font style="font-size: 8pt">Oxicap Ind&#250;stria de Gases Ltda.</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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<tr style="background-color: #DAEEF3">
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oxicap Ind&#250;stria de Gases Ltda.</font></td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Refinaria de Petr&#243;leo Riograndense S.A.</font></td>
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    <td style="border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCompensationForKeyExecutivesTableTextBlock', window );">Expenses for compensation of its key executives</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: white">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,477</font></td>
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,096</font></td>
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<tr style="background-color: white">
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    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">8,794</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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</table><span></span>
</td>
</tr>
<tr class="ro">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfChangesInNumberOfSharesGrantedTableTextBlock', window );">Changes of number of shares granted</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(417,192)</font></td></tr>
<tr style="background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,000</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRestrictedStockProgramTableTextBlock', window );">Restricted stock program</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
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<tr>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: justify">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">(527)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 2.85pt; padding-left: 2.85pt; text-align: right"><font style="font-size: 8pt">46,270</font></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Tables)<br></strong></div></th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">78,682</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">771,103</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(225,492)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(189,094)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">417,344</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,109</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,640</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,361</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,899</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">44,440</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">59,264</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">131,811</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">74,895</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,414</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">46,202</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Temporary differences of foreign subsidiaries</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">955</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,290</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Other provisions</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">35,926</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,549</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">264,016</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">196,739</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Offset the assets balance </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(225,492)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(189,094)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">38,524</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,645</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfChangesInBalanceOfDeferredTaxesTableTextBlock', window );">Changes in balance of deferred taxes</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 63%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">409,699</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">292,989</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">309,726</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Deferred IRPJ and CSLL recognized in income of the year</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">83,029</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,505</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(14,813)</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Deferred IRPJ and CSLL recognized in other comprehensive income</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,389</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">18,938</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,250)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Deferred IRPJ and CSLL recognized in business combination</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(610)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Others</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,580</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,733)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">326</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Final balance</font></td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">507,087</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">409,699</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">292,989</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDeferredTaxAssetRecoveryTableTextBlock', window );">Recovery of deferred tax assets</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="width: 84%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 15%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Up to 1 Year </font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">207,210</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 1 to 2 Years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">79,790</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 2 to 3 Years</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">139,314</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 3 to 5 Years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">94,397</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 5 to 7 Years</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">194,627</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 7 to 10 Years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">55,765</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxReconciliationTableTextBlock', window );">Reconciliation of taxes</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 56%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 14%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(813,492)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(767,785)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Adjustments to the statutory income and social contribution taxes:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Nondeductible expenses (i)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(105,017)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(70,540)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Nontaxable revenues (ii)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">19,084</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">7,561</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,753</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Adjustment to estimated income (iii)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,844</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">14,218</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,926</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Interest on equity (iv)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(550)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">(364)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">-</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Other adjustments</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">1,104</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">7,108</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">4,874</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Income and social contribution taxes before tax incentives</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(888,027)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt; text-transform: uppercase">(798,904)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt"><font style="font-size: 8pt">(816,772)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Tax incentives - SUDENE</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,598</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">98,912</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">82,436</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Income and social contribution taxes in the income statement</font></td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(839,429)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">(699,992)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(734,336)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Current</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(922,458)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(800,497)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(719,523)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Deferred</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">83,029</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt; text-transform: uppercase">100,505</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(14,813)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Effective IRPJ and CSLL rates - %</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">35.0</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">32.5</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxIncentivesTableTextBlock', window );">Tax incentives</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 58%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Subsidiary</b></font></td>
    <td style="width: 18%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Units</b></font></td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Incentive - %</b></font></td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Expiration</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of changes in balance of deferred taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Definition: The disclosure of estimated recovery of deferred tax assets relating to IRPJ and CSLL</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall offset deferred tax assets and deferred tax liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of tax incentives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The major components of tax expense (income) shall be disclosed separately (IAS 12).</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>10. Prepaid expenses (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759826496">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr>
    <td style="width: 47%">&#160;</td>
    <td style="width: 10%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 11%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 13%">&#160;</td>
    <td style="width: 2%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 13%">&#160;</td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFinancialStatementsOfJointVenturesTableTextBlock', window );">Balance sheet and income statements of joint ventures</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr>
    <td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Uni&#227;o Vopak</b></font></td>
    <td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>RPR</b></font></td>
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    <td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>ConectCar</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current assets</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,110</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">389,022</font></td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,627</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">128,417</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">132,785</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,210</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">297,762</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,564</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Non-current liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">336</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,821</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Shareholders&#8217; equity</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">12,191</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">122,451</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,260</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,067,950</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(10,852)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4,876,389)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(100,444)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,252)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(82,498)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,530</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,156</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">109,063</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(41,979)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Number of shares or units held</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,995</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,078,888</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">169,860,500</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">% of capital held</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="5" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr>
    <td style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 17%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Uni&#227;o Vopak</b></font></td>
    <td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>RPR</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 14%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>ConectCar</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current assets</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,228</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">286,916</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">93,634</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Non-current assets</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,383</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">116,931</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">116,243</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">700</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">198,619</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,448</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Non-current liabilities</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">876</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">68,467</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Shareholders&#8217; equity</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,035</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">136,761</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">132,429</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,490,516</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Costs, operating expenses and income</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr>
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<tr>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,995</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50</font></td>
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</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfBalancesInAssociatesTableTextBlock', window );">Balances and changes in associates</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; width: 26%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: bottom; width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Total</b></font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFinancialStatementsOfAssociatesTableTextBlock', window );">Balance sheets and income statements of associates</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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<tr style="background-color: white">
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<tr style="background-color: #DAEEF3">
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%">&#160;</td>
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<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&#160;</p>

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<tr style="vertical-align: bottom">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 7.45pt; padding-left: 1.4pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">701,183</font></td></tr>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right; line-height: 107%">&#160;</td>
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<tr style="vertical-align: bottom">
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</table>
<p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&#160;</p><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PropertyPlantAndEquipmentTablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PropertyPlantAndEquipmentTablesAbstract</td>
</tr>
<tr>
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<td>UGP_</td>
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<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfBalancesInPropertyPlantAndEquipmentTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787328720">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Intangible Assets (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTablesAbstract', window );"><strong>Intangible Assets Tables</strong></a></td>
<td class="text">&#160;<span></span>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">641,691</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">451,936</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">82,612</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">453</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,580</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">539,522</font></td></tr>
<tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,617</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">10</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">31,881</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,994</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">(287)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">36,588</font></td></tr>
<tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">5</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,762,985</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">515,502</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">3,278,487</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">105,458</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">38,606</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b>&#160;</b></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfBalancesOfGoodwillTableTextBlock', window );">Balances of goodwill</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td nowrap="nowrap" style="width: 35%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Segment</b></font></td>
    <td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="width: 1%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of Amortization expenses.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose the carrying amount of goodwill allocated to the unit (group of units).</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Tables)<br></strong></div></th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCompostionOfLoansTableTextBlock', window );">Compostion of loans</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif"><b><i>a.&#160;&#160;Composition</i></b></font></td>
    <td colspan="10" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><font style="font: 8pt Times New Roman, Times, Serif"><b>Description</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2017</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>2016</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Index/Currency</b></font></p></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Weighted
    average financial charges 12/31/2017 &#8211; % p.a.</b></font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif"><b>Maturity</b></font></p></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    currency &#8211; denominated loans:</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Notes
    in the foreign market (b) (*)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,454,142</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,412,112</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.3</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2026</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.1) (*)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">788,794</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">942,456</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
    + LIBOR (i)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.0</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2022</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.1) (*)</font> </td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">298,927</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">332,650</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
+ LIBOR (i)    </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.9</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    </font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    loan (c.2, c.3 and c.4)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">259,015</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">486,451</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$ </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.2</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">330,755</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">195,021</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$
    + LIBOR (i)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2019
    to 2022</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">106,745</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">109,859</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.8</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2022</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">27,048</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">24,586</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">MX$
    (ii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+8.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Foreign
    currency advances delivered</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">26,080</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">32,582</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.2</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#60;
    54 days</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Advances
    on foreign exchange contracts</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">44,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">111,066</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.4</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#60;
    92 days</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,460</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">7,137</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">US$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+6.4</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2020</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,382</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,569</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">MX$
    + TIIE (ii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Financial
    institutions (e)</font></td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">593</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">435</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">Bs$
    (vii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+24.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Subtotal
    foreign currency</font></td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,344,456</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,663,924</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Brazilian
    Reais &#8211; denominated loans:</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    - Ipiranga (g.1, g.2, g.4 and g.6)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,836,741</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,914,498</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">105.8</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2022</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
    do Brasil &#8211; floating rate (f)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,794,272</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,956,547</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">107.3</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2021</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    - 5th issuance (g.3)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">817,654</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">832,383</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">108.3</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    &#8211; CRA (g.5)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,380,852</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">95.0</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2022</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Debentures
    &#8211; CRA (g.5) (*)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">554,402</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">IPCA</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+4.6</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2024</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">206,423</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">307,593</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
    (iii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.4</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2023</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Export
    Credit Note &#8211; floating rate (h)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">157,749</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">158,753</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">CDI</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">101.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">69,422</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">71,430</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">SELIC
    (vi)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+2.3</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2023</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    EXIM</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">62,754</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+3.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Finance
    leases (i)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,515</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,566</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">IGP-M
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.6</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2031</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINEP</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">35,611</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">48,667</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+4.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINEP</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">32,682</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">34,613</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+1.0</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2023</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
    do Nordeste do Brasil</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">28,136</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">47,120</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$
    </font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+8.5</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
    to 2021</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    EXIM</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">30,850</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">28,056</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">SELIC
    (vi)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+3.9</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">BNDES
    (d)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">26,270</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">40,309</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">R$</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.6</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">FINAME</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">56</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">80</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">TJLP
    (iii)</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">+5.7</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">2018
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Fixed
    finance leases (i)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">41</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Floating
    finance leases (i)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">109</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Subtotal
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">9,082,389</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">6,550,849</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Total
    foreign currency and Brazilian Reais</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,426,845</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,214,773</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td nowrap="nowrap" style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">163,749</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2" style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; width: 37%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Current</font></td>
    <td style="width: 11%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">3,503,675</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 9%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,475,604</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 13%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 12%; background-color: #DAEEF3; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Non-current</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">10,086,919</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8,941,526</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfChangesInLoansDebenturesAndFinanceLeasesTableTextBlock', window );">Changes in loans, debentures and finance leases</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 87%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Balance
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    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,214,773</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">New
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,510,694</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Interest
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">925,421</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Principal
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(2,467,391)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Interest
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(769,740)</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Monetary
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">37,937</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Change
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">(24,849)</font></td></tr>
<tr>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font: 8pt Times New Roman, Times, Serif">Balance
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,426,845</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPrincipalMaturityScheduleTableTextBlock', window );">Principal maturity schedule</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 77%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 1 to 2 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,826,907</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,203,383</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 2 to 3 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">894,640</font></td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 3 to 4 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,302,450</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 4 to 5 years</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,016,406</font></td>
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<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,046,516</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,790,979</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,086,919</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">8,941,526</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfForeignLoanMaturityTableTextBlock', window );">Foreign loan maturity</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; width: 68%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt"><b>Maturity</b></font></td>
    <td style="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt"><b>US$ (million)</b></font></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td>
    <td style="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt"><b>Cost in % of CDI</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">Jul/18</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">60.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">103.0</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">Sep/18</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">80.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">101.5</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">Nov/18 </font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">80.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">101.4</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">Jun/22</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">100.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">105.0</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">Total / average cost</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">320.0</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">102.9</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoanAndDebentureMaturityTableTextBlock', window );">Loan and debenture maturity</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Maturity</b></font></td>
    <td style="width: 24%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2018-Jan</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">172,798</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2018-Apr</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">100,571</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2019-Feb</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">168,392</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2019-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,338,979</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2020-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">337,844</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2021-May</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">337,844</font></td></tr>
<tr style="background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">2022-May</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">337,844</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,794,272</font></td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="width: 57%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Maturity</b></font></td>
    <td nowrap="nowrap" style="width: 7%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; width: 36%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Mar/2018</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">817,654</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Dec/2018</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">801,026</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">May/2021</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">499,012</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Apr/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">656,009</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Jul/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,536,704</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oct/2022</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">724,841</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Apr/2024</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">350,873</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oct/2024</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">203,530</font></td></tr>
<tr>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,589,649</font></td></tr>
</table>
<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<p style="margin-top: 0; margin-bottom: 0"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDebenturesTableTextBlock', window );">Debentures</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">November 16, 2017</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">107.9% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">December 20, 2018</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">107.9% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 10,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">March 16, 2018</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">108.25% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">May 25, 2021</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Annual as from May 2019</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">105.0% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">April 18, 2022</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">95% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">April 15, 2024</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">IPCA + 4.7%</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify"></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">July 28, 2022</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Annual as from July 2021</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">105.0% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
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<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">95% of CDI</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Semiannually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 52%; text-align: justify"><font style="font-size: 8pt">Face value unit:</font></td>
    <td style="width: 48%; text-align: justify"><font style="font-size: 8pt">R$ 1,000.00</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Final maturity:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">October 24, 2024</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of the face value:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Lump sum at final maturity</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">IPCA + 4.33%</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><font style="font-size: 8pt">Payment of interest:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Annually</font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="text-align: justify"><font style="font-size: 8pt">Reprice:</font></td>
    <td style="text-align: justify"><font style="font-size: 8pt">Not applicable</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0 0 0 14.2pt; text-align: justify">&#160;</p>

<p style="margin: 0"></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEquipmentAndIntangibleAssetsNetOfDepreciationAndAmortizationAndCorrespondingLiabilitiesTableTextBlock', window );">Equipment and intangible assets, net of depreciation and amortization, and corresponding liabilities</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 35%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 20%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 21%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: bottom; width: 1%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>LPG bottling facilities</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>LPG bottling facilities</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Software</b></font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Total</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 0.05in; text-indent: -0.05in"><font style="font-size: 8pt">Equipment and intangible assets, net of depreciation and amortization</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,732</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17,078</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">223</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17,301</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Financing (present value)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,566</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">150</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">48,716</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Current</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,710</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,465</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">150</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,615</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Non-current</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,805</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">46,101</font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">46,101</font></td></tr>
</table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td colspan="5" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr>
    <td style="vertical-align: bottom; width: 18%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 22%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>LPG bottling facilities</b></font></td>
    <td style="vertical-align: bottom; width: 2%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 27%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>LPG bottling facilities</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Software</b></font></td>
    <td style="vertical-align: bottom; width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 13%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Total</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Up to 1 year</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">156</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,032</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 1 to 2 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 2 to 3 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 3 to 4 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,113</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,876</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">From 4 to 5 years</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,113</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,516</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">45,516</font></td></tr>
<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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</table>


<p style="margin-top: 0; margin-bottom: 0"></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTransactionCostsTableTextBlock', window );">Transaction costs</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">0.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">16,612</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(1,314)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">15,298</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">12,182</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(4,117)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">8,065</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">6,835</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">42,388</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(4,514)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">44,709</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">Foreign loans (14.c)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">2,211</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">563</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(1,561)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">1,213</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">Other</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">0.2</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">1,952</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">1,418</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(569)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">2,801</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">Total</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">39,792</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">44,369</font></td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">72,086</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif"><b>Effective rate of transaction costs (% p.a.)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif"><b>Amortization</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif"><b>Balance on 12/31/2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(1,373)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">6,835</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">545</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">2,079</font></td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(672)</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">1,952</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td nowrap="nowrap" colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td colspan="2" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">18,878</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; line-height: 107%">&#160;</td>
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    <td colspan="2" style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">(7,922)</font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; line-height: 107%"><font style="font: 8pt Times New Roman, Times, Serif">39,792</font></td></tr>
<tr>
    <td style="width: 38%; line-height: 107%">&#160;</td>
    <td style="width: 13%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 11%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 8%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 13%; line-height: 107%">&#160;</td>
    <td style="width: 1%; line-height: 107%">&#160;</td>
    <td style="width: 11%; line-height: 107%">&#160;</td></tr>
</table>
<p style="font: 8pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock', window );">Appropriated profit or loss in the future</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 33%; padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
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    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
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    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>3
        to 4 years</b></font></p></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
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    <td style="vertical-align: top; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif"><b>&#160;</b></font></p>
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<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,388</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,464</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,546</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,723</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">7,545</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">15,298</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font: 8pt Times New Roman, Times, Serif">Banco
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">4,628</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">8,065</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">931</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">111</font></td>
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">1,213</font></td></tr>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">642</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">831</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">710</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">354</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">264</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">-</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">2,801</font></td></tr>
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    <td style="padding-right: 5.4pt; padding-left: 12pt; text-indent: -6pt"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">13,852</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">12,076</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">11,342</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">7,921</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">10,155</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font: 8pt Times New Roman, Times, Serif">72,086</font></td></tr>
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</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period,</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Debentures, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose the each class of intangible assets, distinguishing between internally generated intangible assets and other intangible assets. The financial statements shall disclose, for each class of property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>15. Trade Payables (Tables)<br></strong></div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradePayablesTablesAbstract', window );"><strong>Trade Payables Tables</strong></a></td>
<td class="text">&#160;<span></span>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Domestic and Foreign Trade payables, recognised as liabilities when the entity becomes a party to the contract and, as a consequence, has a legal obligation to pay cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680980976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>16. Salaries and Related Charges (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of salaries and related charges. An entity classifying expenses by function shall disclose additional information on the nature of expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787384704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>17. Taxes Payable (Tables)<br></strong></div></th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6791211120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsAndPrivatePensionPlanTablesAbstract', window );"><strong>Employee Benefits And Private Pension Plan Tables</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPostEmploymentBenefits', window );">Post-employment benefits</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">99,767</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">81,831</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">30,059</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="width: 78%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: right">&#160;</td>
    <td style="width: 10%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="width: 10%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
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    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">144,751</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">126,595</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">3,636</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">15,754</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">14,538</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">36,120</font></td>
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">11,818</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(11,368)</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(10,971)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">44,478</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">(865)</font></td></tr>
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    <td style="padding-right: 5.65pt; padding-left: 6.8pt">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 5.65pt; padding-left: 6.8pt"><font style="font-size: 8pt">Ending balance</font></td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">237,523</font></td>
    <td style="padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">144,751</font></td></tr>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmploymentBenefitExpenseTableTextBlock', window );">Post-employment benefit expense</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 71%; padding-right: 5.65pt; padding-left: 5.65pt">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="vertical-align: bottom; width: 1%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; width: 9%; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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<tr style="background-color: #DAEEF3">
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSignificantActuarialAssumptionsAdoptedTableTextBlock', window );">Significant actuarial assumptions adopted</a></td>
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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<tr style="vertical-align: top">
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<tr style="vertical-align: top; background-color: #DAEEF3">
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</table><span></span>
</td>
</tr>
<tr class="ro">
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; width: 2%; padding-right: 3.15pt; text-align: right">&#160;</td>
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<tr>
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">10,237</font></td>
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    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">11,690</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">2,807</font></td>
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    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right"><font style="font-size: 8pt">4,413</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.65pt; padding-left: 6.8pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.15pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.15pt; text-align: right">&#160;</td></tr>
</table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ChangesInProvisionForPostEmploymentBenefits</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity classifying expenses by function shall disclose additional information on the nature of expenses, including employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680616768">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19. Provision for Asset Retirement Obligation - Fuel Tanks (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<tr class="ro">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760719248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20. Provision, Contingencies, and Commitments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr class="re">
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<tr style="vertical-align: bottom">
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For each class of provision, an entity shall disclose: (a) the carrying amount at the beginning and end of the period; (b) additional provisions made in the period, including increases to existing provisions; (c) amounts used (ie incurred and charged against the provision) during the period; (d) unused amounts reversed during the period; and (e) the increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787417440">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>21. Deferred Revenue (Tables)<br></strong></div></th>
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</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
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<tr style="vertical-align: bottom">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6597528448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>23. Shareholders' Equity (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td colspan="2" style="vertical-align: bottom; background-color: white; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">202,188</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">202,188</font></td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,069</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">(27,658)</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">(27,658)</font></td>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">9,581</font></td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDividendsAndAllocationOfNetIncomeTableTextBlock', window );">Dividends and allocation of net income</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 2.15pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 4.95pt; text-align: right"><font style="font-size: 8pt">325,285</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The statement of changes in equity includes the total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to non-controlling interests;</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of dividends recognised as distributions to owners during the period, and the allocation of net income.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>24. Net Revenue from Sale and Services (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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<tr style="background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,011,860)</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(927,557)</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(703,305) </font></td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(360,777)</font></td></tr>
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760697280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>25. Expenses by Nature (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpensesByNatureTablesAbstract', window );"><strong>Expenses By Nature Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfExpensesByNatureTableTextBlock', window );">Expenses by nature</a></td>
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    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
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    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
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    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
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    <td><font style="font-size: 8pt">Classified as:</font></td>
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    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
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    <td style="padding-left: 9.9pt"><font style="font-size: 8pt">Cost of products and services sold</font></td>
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    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">70,342,723</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">68,933,702</font></td></tr>
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    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">2,651,501</font></td>
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    <td style="padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">2,516,561</font></td></tr>
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    <td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,445,859</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">1,321,341</font></td></tr>
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    <td>&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td></tr>
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    <td style="padding-bottom: 3.3pt; padding-left: 9.9pt"><font style="font-size: 8pt">Total</font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 7.1pt; text-align: right"><font style="font-size: 8pt">74,440,083</font></td>
    <td style="padding-right: 7.1pt; text-align: right">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expenses by function shall disclose additional information on the nature of expenses, including depreciation and amortisation expense and employee benefits expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760798272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>27. Other Operating Income, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 2.15pt; text-align: right; font-size: 8pt">&#160;</td>
    <td style="vertical-align: bottom; border-top: Black 1pt solid; background-color: #DAEEF3; text-align: right">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>28. Financial Income (Expense) (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>29. Earnings per Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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    <td style="width: 11%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,574,306</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">541,813</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">541,391</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2.9056</font></td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Diluted Earnings per Share</b></font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,574,306</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,503,466</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">545,740</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">545,509</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">548,054</font></td></tr>
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<p style="margin: 0">&#160;</p><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6644770736">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>30. Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
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<tr class="ro">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,365,524</font></td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">66,407,305</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">65,349,812</font></td></tr>
<tr style="background-color: white">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: #DAEEF3">
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<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">58,274</font></td>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">54,402</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">50,662</font></td>
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<tr>
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<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,067,123</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,362,582</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,618,215</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">67,729,892</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">66,407,305</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">65,349,786</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,956,665</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,698,184</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,079,903</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">384,186</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">306,471</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">271,115</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Extrafarma </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,869,466</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,578,210</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,336,255</font></td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,007,332</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">77,352,752</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">90</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">203</font></td>
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr>
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">75,655,274</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 65%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140,262</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(16,058)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Extrafarma </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(36,854)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5,577)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,985</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,862,947</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,102,538</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,936,969</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,973</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,172</font></td>
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    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,561</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,105,710</font></td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,961,530</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,245</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(19,777)</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(21,779)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,417</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">975</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">699</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(15,537)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(22,269)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(19,132)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">36,210</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29,745</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">8,248</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,476</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(10,884)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(474,296)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(842,576)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(703,338)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,270,610</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,247,308</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">244,187</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">248,627</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">251,463</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,077,318</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">911,927</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">921,634</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">466,967</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">291,294</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">136,314</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">105,028</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">81,166</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,463</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Extrafarma </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">171,183</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140,454</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">80,813</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,064,683</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,673,468</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,414,687</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 7.1pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">22,626</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17,365</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,248</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,087,309</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,690,833</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,438,935</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Asset retirement obligation &#8211; fuel tanks (see Note 19)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(537)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(483)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(625)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Capitalized borrowing costs</font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(22,243)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(23,980)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(25,207)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,413,103</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="background-color: #DAEEF3">
    <td style="width: 66%; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Depreciation and amortization charges: </font></td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">182,833</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">158,193</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">143,207</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">716,831</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">695,664</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">612,727</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">153,110</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">149,716</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">158,261</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">47,669</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">43,356</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">41,668</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Extrafarma</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">60,856</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">42,666</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,744</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,161,299</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,089,595</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">979,607</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 8pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">14,652</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,943</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,040</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,175,951</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,103,538</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,002,647</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssetReclassificationTableTextBlock', window );">Asset reclassification</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total assets (excluding intersegment account balances):</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,438,113</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,308,686</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,410,667</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">11,663,289</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,562,360</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6,354,788</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultracargo</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,394,087</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,535,815</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Extrafarma</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,950,000</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,719,524</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">27,755,227</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">23,582,102</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Others <sup>(1)</sup></font></td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">585,095</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">577,568</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">28,340,322</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">24,159,670</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFixedAndIntangibleAssetsAbroadTableTextBlock', window );">Fixed and intangible assets of the Company abroad</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 76%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">United States of America <sup>(*)</sup></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">511,912</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">264,478</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Mexico </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">109,034</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">103,051</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Uruguay </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">65,876</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">67,251</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Venezuela </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">22,480</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">5,989</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">709,302</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">440,769</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRevenueFromOperationsAbroadTableTextBlock', window );">Revenue from operations abroad</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; width: 63%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; width: 12%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Net revenue:</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Brazil</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">78,763,771</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">76,283,061</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">74,337,803</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Mexico</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">190,205</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Tables)<br></strong></div></th>
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: white">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
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    <td style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(57.1)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,777.6</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,238.8)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr>
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</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock', window );">Sensitivity analysis of assets and liabilities in foreign currency</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>10%</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(6.5)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(13.0)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(140.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(351.1)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(702.2)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(1) + (2)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(143.0)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(357.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(715.2)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(3) Income statement effect</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6.5</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13.0</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(4) Shareholders&#8217; equity effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">140.4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">351.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">702.2</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">143.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">357.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">715.2</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock', window );">Financial assets and liabilities exposed to floating interest rates</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 68%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Note</b></font></td>
    <td nowrap="nowrap" style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>CDI</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,821.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,837.8</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,153.0</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(7,987.3)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5,862.3)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,877.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,181.6)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(586.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4,446.8)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(3,003.3)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>TJLP</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(301.9)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(404.4)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(404.4)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">31</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">984.3</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,149.7</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,418.5)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,470.1)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(434.2)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(320.4)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>TIIE</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(3.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(9.6)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(3.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(9.6)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>SELIC</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(100.3)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(99.5)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(100.3)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(99.5)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5,286.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(3,837.2)</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock', window );">Sensitivity analysis of floating interest rate risk</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 51%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><u>In millions of Brazilian Reais</u></font></td>
    <td style="width: 16%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Risk</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario I</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>10%</b></font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>25%</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>50%</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><b><u>Exposure of interest rate risk</u></b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><b>&#160;</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.1pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">47.3</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">118.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">236.3</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Foreign exchange hedging instruments (assets in CDI) effect</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in CDI</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">0.2</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 5.5pt; text-align: right; text-indent: -1pt"><font style="font-size: 8pt">0.5</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(5.6)</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3.4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in LIBOR</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(8.7)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.3)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1.0)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1.9)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Interest effect on debt in TIIE</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in TIIE</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.0)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.1)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.2)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Incremental expenses</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.0)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.1)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(0.2)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Interest effect on debt in SELIC</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Increase in SELIC</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1.0)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2.5)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4.9)</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Incremental expenses</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1.0)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2.5)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(4.9)</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock', window );">Allowance for doubtful accounts on trade receivables</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 79%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ipiranga</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">238,697</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">182,252</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultragaz</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">39,034</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">33,804</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Oxiteno</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,755</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">10,856</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Extrafarma</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">4,922</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">3,449</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Ultracargo </font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,172</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,971</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total</font></td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">233,332</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock', window );">Contractual undiscounted cash outflows</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr>
    <td style="width: 43%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 2%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Total</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Trade payables</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,155.5</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,155.5</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock', window );">Position of hedging instruments</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Amounts receivable</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Amounts payable </b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Hedging instruments</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Maturity</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 31%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 11%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 9%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 1%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 8%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ </font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">million</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 4.5pt; text-indent: -4.5pt"><font style="font-size: 8pt"><b>a &#8211;Exchange&#160;rate&#160;swaps&#160;receivable in U.S. dollars</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Receivables in U.S. dollars (LIBOR)</font></td>
    <td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Jan 2018 to Oct 2026</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ 300.0</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ 350.0</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">984.3</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,149.7</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">984.3</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Receivables in U.S. dollars (Fixed)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ 956.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ 1,062.4 </font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">823.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,084.6</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">823.1</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Payables in CDI interest rate</font></td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ (1,256.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">US$ (1,412.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,877.4)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2,181.6)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,877.4</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">Total result</font></td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(70.0)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">52.7</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,807.4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,877.4</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; background-color: #DAEEF3; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">29.8</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr>
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    <td rowspan="4" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Oct 2024</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">583.3</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">583.3</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">R$ (566.1)</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">583.3</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">586.6</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock', window );">Value of gains (losses) recognized</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>R$ million</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="width: 73%; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Profit or loss</b></font></td>
    <td style="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td>
    <td style="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Equity</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">a &#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(72.1)</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">5.3</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">b &#8211; Exchange rate swaps payable in U.S. dollars (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">3.2</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">c &#8211; Interest rate swaps in R$ (iii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">15.9</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: white">
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    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(104.2)</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(36.7)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt"><b>Total</b></font></td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(157.2)</font></td>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(31.4)</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="4" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>R$ million</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td>
    <td colspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: top; background-color: #DAEEF3">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Profit or loss</b></font></td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 8pt"><b>Equity</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td colspan="2" style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">a &#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(177.0)</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(13.8)</font></td></tr>
<tr>
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">b &#8211; Exchange rate swaps payable in U.S. dollars (ii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">9.2</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">c &#8211; Interest rate swaps in R$ (iii)</font></td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(0.5)</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt">d &#8211; Non-derivative financial instruments (iv)</font></td>
    <td style="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(28.5)</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(14.9)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td></tr>
<tr style="background-color: white">
    <td style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 8pt"><b>Total</b></font></td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(196.8)</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: Black 1.5pt double; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><font style="font-size: 8pt">(28.7)</font></td></tr>
<tr>
    <td style="width: 72%">&#160;</td>
    <td style="width: 13%">&#160;</td>
    <td style="width: 1%">&#160;</td>
    <td style="width: 2%">&#160;</td>
    <td style="width: 12%">&#160;</td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>R$ million </b></font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td colspan="3" style="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>&#160;&#160;&#160;2015</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="width: 73%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Profit or loss</b></font></td>
    <td style="width: 2%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="width: 12%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>Equity</b></font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">a &#8211; Exchange rate swaps receivable in U.S. dollars (i) (ii)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(143.1)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">6.3</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">b &#8211; Exchange rate swaps payable in U.S. dollars (ii)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(2.2)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(31.3)</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">c &#8211; Interest rate swaps in R$ (iii)</font></td>
    <td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1.1</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Total</b></font></td>
    <td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(144.2)</font></td>
    <td style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="vertical-align: top; border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(25.0)</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock', window );">Fair values and the carrying values of the financial instruments</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>2016</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="width: 38%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="width: 18%; padding-right: 1.4pt; padding-left: 1.4pt">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Category</b></p></td>
    <td style="width: 5%; padding-right: 1.4pt; padding-left: 1.4pt">
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p>
        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Note</b></p></td>
    <td style="width: 9%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Carrying value</b></font></td>
    <td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt">
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        <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>value</b></p></td>
    <td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Carrying value</b></font></td>
    <td style="width: 2%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">7,449</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">7,449</font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,746,881</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">2,746,915</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,716</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">202,357</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">22</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">171,459</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">153,429</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: justify">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="border-top: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">13,784,913</font></td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">11,461,409</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock', window );">Summary of the financial assets and financial liabilities measured at fair value</a></td>
<td class="text"><p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
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    <td style="width: 20%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Category</b></font></td>
    <td style="width: 6%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt"><b>Note</b></font></td>
    <td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>2017</b></font></td>
    <td style="width: 1%; padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Level 1</b></font></td>
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    <td style="width: 8%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt"><b>Level 2</b></font></td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 1.4pt; padding-left: 1.4pt"><font style="font-size: 8pt">Financial assets:</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">147,926</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">147,926</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 1.4pt; padding-left: 4.5pt"><font style="font-size: 8pt">Financial investments in local currency</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,821,605</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">4,821,605</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,473</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">32,473</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">4</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">68,742</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">68,742</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">1,047,809</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">5,037,072</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">5,037,072</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">554,402</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">554,402</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at amortized cost</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">48,515</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">Measured at fair value through profit or loss</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">14&#160;</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">163,749</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">163,749</font></td>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><font style="font-size: 8pt">22</font></td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">171,459</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">171,459</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
    <td style="padding-right: 1.4pt; padding-left: 1.4pt">&#160;</td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 1.4pt; padding-left: 1.4pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Available for sale</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">4</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">218,458</font></td>
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    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">2,746,915</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Measured at amortized cost</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">14</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">202,357</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">9,122,489</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: Black 1.5pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">-</font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfChangesInExchangeRateTableTextBlock', window );">Changes in exchange rate</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
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    <td style="vertical-align: bottom; width: 13%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Risk</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario I (likely)</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 12%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="width: 1%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: bottom; width: 10%; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>Currency swaps receivable in U.S. dollars</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Dollar</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">198,138</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">690,432</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">1,182,726</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(198,130)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(690,415)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(1,182,700)</font></td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">17</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">26</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom">
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(3) Real / U.S. Dollar swaps</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Dollar</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(97)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">7,486</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">15,069</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">(4) Gross margin of Oxiteno</font></td>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">97</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(7,486)</font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(15,069)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>(3)+(4)</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Net effect</b></font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td>
    <td nowrap="nowrap" style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td style="border-bottom: black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td></tr>
</table>
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0"><b><i>&#160;</i></b></p>

<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td nowrap="nowrap" style="width: 52%; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 13%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b><u>Risk</u></b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>&#160;</b></font></td>
    <td style="vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario I (likely)</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario II</b></font></td>
    <td style="vertical-align: top; width: 1%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; width: 11%; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt"><b>Scenario III</b></font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><font style="font-size: 8pt"><b>Interest rate swap (in Brazilian Reais) &#8211; Debentures - CRA</b></font></td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td></tr>
<tr>
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">13,691</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">95,292</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">192,204</font></td></tr>
<tr style="background-color: #DAEEF3">
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt">&#160;&#160;&#160;(2) Fixed rate debt</font></td>
    <td style="padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><font style="font-size: 8pt">Pre-fixed rate</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(13,691)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(95,292)</font></td>
    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(192,204)</font></td></tr>
<tr>
    <td nowrap="nowrap" style="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><font style="font-size: 8pt"><b>&#160;&#160;&#160;(1) + (2)</b></font></td>
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    <td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
    <td nowrap="nowrap" style="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt"><b>-</b></font></td>
    <td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&#160;</td>
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    <td style="vertical-align: top; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&#160;</td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b><i>&#160;</i></b></p>

<p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><b><i>&#160;</i></b></p><span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RisksAndFinancialInstrumentsTablesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose by class of financial instrument the amount that best represents its maximum exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements (eg netting agreements that do not quality for offset in accordance with IAS 32); this disclosure is not required for financial instruments whose carrying amount best represents the maximum exposure to credit risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAllowanceForDoubtfulAccountsOnTradeReceivablesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Currency risk (or foreign exchange risk) arises on financial instruments that are denominated in a foreign currency, ie in a currency other than the functional currency in which they are measured. For the purpose of this IFRS, currency risk does not arise from financial instruments that are non-monetary items or from financial instruments denominated in the functional currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAssetsAndLiabilitiesInForeignCurrenciesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfChangesInExchangeRateTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at end of the reporting period showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date; (b) the methods and assumptions used in preparing the sensitivity analysis; and (c) changes from the previous period in the methods and assumptions used, and the reasons for such changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfChangesInExchangeRateTableTextBlock</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose: (a) a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. (b) a maturity analysis for derivative financial liabilities. The maturity analysis shall include the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows (see paragraph B11B). (c) a description of how it manages the liquidity risk inherent in (a) and (b).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfContractualUndiscountedCashOutflowsTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For each class of financial assets and financial liabilities, an entity shall disclose the fair value of that class of assets and liabilities in a way that permits it to be compared with its carrying amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfFairAndCarryingValuesOfFinancialInstrumentsTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall determine appropriate classes of assets and liabilities on the basis of the following: (a) the nature, characteristics and risks of the asset or liability; and (b)the level of the fair value hierarchy within which the fair value measurement is categorised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfFinancialAssetsAndFinancialLiabilitiesMeasuredAtFairValueTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest rate risk arises on interest-bearing financial instruments recognised in the statement of financial position (eg debt instruments acquired or issued) and on some financial instruments not recognised in the statement of financial position (eg some loan commitments).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfFinancialAssetsAndLiabilitiesExposedToFloatingInterestRatesTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A hedged item can be a recognised asset or liability, an unrecognised firm commitment, a highly probable forecast transaction or a net investment in a foreign operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfPositionOfHedgingInstrumentsTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A sensitivity analysis is disclosed for each currency to which an entity has significant exposure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSensitivityAnalysisOfAssetsAndLiabilitiesInForeignCurrencyTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose: (a) a sensitivity analysis for each type of market risk to which the entity is exposed at end of the reporting period showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date; (b) the methods and assumptions used in preparing the sensitivity analysis; and (c) changes from the previous period in the methods and assumptions used, and the reasons for such changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSensitivityAnalysisOfFloatingInterestRateRiskTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose net gains or net losses on (i) financial assets or financial liabilities at fair value through profit or loss, showing separately those on financial assets or financial liabilities designated as such upon initial recognition, and those on financial assets or financial liabilities that are classified as held for trading in accordance with IAS 39, (ii) available-for-sale financial assets, showing separately the amount of gain or loss recognised in other comprehensive income during the period and the amount reclassified from equity to profit or loss for the period; (iii) held-to-maturity investments; (iv) loans and receivables; and (v) financial liabilities measured at amortised cost;</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfValueOfGainsLossesRecognizedTableTextBlock</td>
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<td><strong> Data Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680967744">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>32. Commitments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommitmentsTablesAbstract', window );"><strong>Commitments Tables</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractsTableTextBlock', window );">Contracts</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td style="width: 23%; text-align: center"><font style="font-size: 8pt"><b>Port</b></font></td>
    <td style="width: 48%; text-align: center"><font style="font-size: 8pt"><b>Minimum movement in tons per year</b></font></td>
    <td style="width: 29%; text-align: center"><font style="font-size: 8pt"><b>Maturity</b></font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font-size: 8pt">Aratu </font></td>
    <td style="text-align: center"><font style="font-size: 8pt">397,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2031</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td><font style="font-size: 8pt">Aratu</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">900,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2022</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font-size: 8pt">Suape</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">250,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2027</font></td></tr>
<tr style="vertical-align: bottom; background-color: #DAEEF3">
    <td><font style="font-size: 8pt">Suape</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">400,000</font></td>
    <td style="text-align: center"><font style="font-size: 8pt">2029</font></td></tr>
</table><span></span>
</td>
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<tr class="re">
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<tr>
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<tr>
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    <td style="padding-right: 3.5pt; padding-left: 3.5pt">&#160;</td>
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<tr style="background-color: #DAEEF3">
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    <td style="vertical-align: top; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><font style="font-size: 8pt">(128,307)</font></td>
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<p style="font: 8pt Times New Roman, Times, Serif; margin: 0">&#160;</p><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum amount agreed to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects the policyholder.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6794038288">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies (Details)<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfFunctionalCurrency', window );">Functional currency</a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUSAMember', window );">Oxiteno USA</a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfForeignSubsidiariesLineItems', window );"><strong>DisclosureOfForeignSubsidiariesLineItems [Line Items]</strong></a></td>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfForeignSubsidiariesLineItems', window );"><strong>DisclosureOfForeignSubsidiariesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfFunctionalCurrency', window );">Functional currency</a></td>
<td class="text">Bolivar<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GeographicalAreas', window );">Location</a></td>
<td class="text">Venezuela<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUruguayMember', window );">Oxiteno Uruguay</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DisclosureOfForeignSubsidiariesLineItems', window );"><strong>DisclosureOfForeignSubsidiariesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfFunctionalCurrency', window );">Functional currency</a></td>
<td class="text">U.S. Dollar<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GeographicalAreas', window );">Location</a></td>
<td class="text">Uruguay<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DisclosureOfForeignSubsidiariesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DisclosureOfForeignSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GeographicalAreas">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the geographic location in which the subsidiary operates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GeographicalAreas</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfFunctionalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the currency of the primary economic environment in which the entity operates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2016-01-13<br> -Paragraph 53<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2016-03-30&amp;anchor=para_53&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2016-01-13<br> -Paragraph 57<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2016-03-30&amp;anchor=para_57_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfFunctionalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoServiciosCorporativosMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoServiciosIndustrialesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoServiciosIndustrialesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoAndinaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoAndinaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUruguayMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedSubsidiariesAxis=UGP_OxitenoUruguayMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6796718192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies (Details 1)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IASSevenMember', window );">IAS 7</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAccountingPronouncementsLineItems', window );"><strong>SummaryOfAccountingPronouncementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired', window );">Effective date</a></td>
<td class="text">2017<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IASTwelveMember', window );">IAS 12</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAccountingPronouncementsLineItems', window );"><strong>SummaryOfAccountingPronouncementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired', window );">Effective date</a></td>
<td class="text">2017<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IFRSNineMember', window );">IFRS 9</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAccountingPronouncementsLineItems', window );"><strong>SummaryOfAccountingPronouncementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired', window );">Effective date</a></td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IFRSFifteenMember', window );">IFRS 15</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAccountingPronouncementsLineItems', window );"><strong>SummaryOfAccountingPronouncementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired', window );">Effective date</a></td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IFRSSixteenMember', window );">IFRS 16</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAccountingPronouncementsLineItems', window );"><strong>SummaryOfAccountingPronouncementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired', window );">Effective date</a></td>
<td class="text">2019<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAccountingPronouncementsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAccountingPronouncementsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td>xbrli:stringItemType</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_YearByWhichApplicationOfNewIFRSIsRequired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>effective date on which the standard shall be adopted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_YearByWhichApplicationOfNewIFRSIsRequired</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IASSevenMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NewIFRSsAxis=UGP_IASTwelveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IASTwelveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NewIFRSsAxis=UGP_IFRSNineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IFRSNineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NewIFRSsAxis=UGP_IFRSFifteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IFRSFifteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NewIFRSsAxis=UGP_IFRSSixteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IFRSSixteenMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>80
<FILENAME>R73.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6790962272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies (Details 2) - BRL (R$)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPresentationOfFinancialStatementsLineItems', window );"><strong>SummaryOfPresentationOfFinancialStatementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 15,201,291<span></span>
</td>
<td class="nump">R$ 13,011,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="nump">11,147,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">28,340,322<span></span>
</td>
<td class="nump">24,159,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="nump">5,486,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">11,605,502<span></span>
</td>
<td class="nump">10,114,166<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholder&#8217;s equity</a></td>
<td class="nump">9,720,832<span></span>
</td>
<td class="nump">8,558,558<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and shareholders' equity</a></td>
<td class="nump">28,340,322<span></span>
</td>
<td class="nump">24,159,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">80,007,422<span></span>
</td>
<td class="nump">77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="num">(72,735,781)<span></span>
</td>
<td class="num">(70,342,723)<span></span>
</td>
<td class="num">(68,933,702)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing expenses</a></td>
<td class="num">(2,885,311)<span></span>
</td>
<td class="num">(2,651,501)<span></span>
</td>
<td class="num">(2,516,561)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(1,576,528)<span></span>
</td>
<td class="num">(1,445,859)<span></span>
</td>
<td class="num">(1,321,341)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="num">(474,296)<span></span>
</td>
<td class="num">(842,576)<span></span>
</td>
<td class="num">(703,338)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income tax and social contribution</a></td>
<td class="nump">839,429<span></span>
</td>
<td class="nump">699,992<span></span>
</td>
<td class="nump">734,336<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">R$ 1,573,868<span></span>
</td>
<td class="nump">R$ 1,570,618<span></span>
</td>
<td class="nump">R$ 1,512,972<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Earnings per share - basic</a></td>
<td class="nump">R$ 2.9056<span></span>
</td>
<td class="nump">R$ 2.8844<span></span>
</td>
<td class="nump">R$ 2.7649<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Earnings per share - diluted</a></td>
<td class="nump">R$ 2.8847<span></span>
</td>
<td class="nump">R$ 2.8626<span></span>
</td>
<td class="nump">R$ 2.7433<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IFRSNineAdoptionMember', window );">IFRS 9 (1) adoption</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPresentationOfFinancialStatementsLineItems', window );"><strong>SummaryOfPresentationOfFinancialStatementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="num">R$ (173,314)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="num">(173,314)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="num">(58,927)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholder&#8217;s equity</a></td>
<td class="num">(114,387)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and shareholders' equity</a></td>
<td class="num">(173,314)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing expenses</a></td>
<td class="num">(51,751)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income tax and social contribution</a></td>
<td class="nump">17,595<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="num">R$ (34,156)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Earnings per share - basic</a></td>
<td class="num">R$ (0.063)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Earnings per share - diluted</a></td>
<td class="num">R$ (0.0626)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_IFRSFifteenAdoptionMember', window );">IFRS 15 (2) adoption</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPresentationOfFinancialStatementsLineItems', window );"><strong>SummaryOfPresentationOfFinancialStatementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholder&#8217;s equity</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and shareholders' equity</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="num">(463,049)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing expenses</a></td>
<td class="nump">463,049<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income tax and social contribution</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Earnings per share - basic</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Earnings per share - diluted</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NewIFRSsAxis=UGP_AfterAdoptionMember', window );">After adoption IFRS 9 and 15</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPresentationOfFinancialStatementsLineItems', window );"><strong>SummaryOfPresentationOfFinancialStatementsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 15,027,977<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">28,167,008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">11,546,575<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholder&#8217;s equity</a></td>
<td class="nump">9,606,445<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and shareholders' equity</a></td>
<td class="nump">28,167,008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">79,544,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="num">(72,735,781)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing expenses</a></td>
<td class="num">(2,474,013)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative expenses</a></td>
<td class="num">(1,576,528)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="num">(474,296)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income tax and social contribution</a></td>
<td class="num">(821,834)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income for the year</a></td>
<td class="nump">R$ 1,539,712<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Earnings per share - basic</a></td>
<td class="nump">R$ 2.8426<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Earnings per share - diluted</a></td>
<td class="nump">R$ 2.8221<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax refers to annual taxes levied by the federal government. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfPresentationOfFinancialStatementsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfPresentationOfFinancialStatementsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2016-03-30&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IFRSNineAdoptionMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NewIFRSsAxis=UGP_IFRSFifteenAdoptionMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680582576">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>2. Presentation of Financial Statements and Summary of Significant Accounting Policies (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PresentationOfFinancialStatementsAndSummaryOfSignificantAccountingPoliciesDetailsNarrativeAbstract', window );"><strong>Presentation Of Financial Statements And Summary Of Significant Accounting Policies Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationAdjustments', window );">Cumulative translation adjustments</a></td>
<td class="nump">R$ 53,061<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">R$ 3,425<span></span>
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<td class="nump">R$ 6,243<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income resulting from varying exchange rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on hedges of net investments in foreign operations, before tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 39<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=39&amp;date=2016-03-30&amp;anchor=para_102_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 91<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 9<br> -IssueDate 2016-01-13<br> -Paragraph 6.5.13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2016-03-30&amp;anchor=para_6.5.13_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797220320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Details) - Subsidiary<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSubsidiariesLineItems', window );"><strong>SummaryOfSubsidiariesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ipiranga Produtos de Petr&#243;leo S.A.<span></span>
</td>
<td class="text">Ipiranga Produtos de Petr&#243;leo S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">am/pm Comest&#237;veis Ltda.<span></span>
</td>
<td class="text">am/pm Comest&#237;veis Ltda.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Centro de Conveni&#234;ncias Millennium Ltda.<span></span>
</td>
<td class="text">Centro de Conveni&#234;ncias Millennium Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">&#160;&#160;&#160;Icorban - Correspondente Banc&#225;rio Ltda. <span></span>
</td>
<td class="text">&#160;&#160;&#160;Icorban - Correspondente Banc&#225;rio Ltda. <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ipiranga Trading Limited<span></span>
</td>
<td class="text">Ipiranga Trading Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Virgin Islands<span></span>
</td>
<td class="text">Virgin Islands<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Tropical Transportes Ipiranga Ltda.<span></span>
</td>
<td class="text">Tropical Transportes Ipiranga Ltda.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ipiranga Imobili&#225;ria Ltda.<span></span>
</td>
<td class="text">Ipiranga Imobili&#225;ria Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ipiranga Log&#237;stica Ltda.<span></span>
</td>
<td class="text">Ipiranga Log&#237;stica Ltda.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oil Trading Importadora e Exportadora Ltda.<span></span>
</td>
<td class="text">Oil Trading Importadora e Exportadora Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Chevron Brasil Lubrificantes S.A. (see Note 3.c)<span></span>
</td>
<td class="text">Chevron Brasil Lubrificantes S.A. (see Note 3.c)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">56.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ipiranga Lubrificantes S.A. (see Note 3.c)<span></span>
</td>
<td class="text">Ipiranga Lubrificantes S.A. (see Note 3.c)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Integra Frotas Ltda. (1)<span></span>
</td>
<td class="text">Integra Frotas Ltda. (1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">Ipiranga<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Companhia Ultragaz S.A.<span></span>
</td>
<td class="text">Companhia Ultragaz S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">Ultragaz<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">99.00%<span></span>
</td>
<td class="nump">99.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ultragaz Comercial Ltda. (2)<span></span>
</td>
<td class="text">Ultragaz Comercial Ltda. (2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">Ultragaz<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
<td class="text">Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">Ultragaz<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Uting&#225;s Armazenadora S.A.<span></span>
</td>
<td class="text">Uting&#225;s Armazenadora S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">Ultragaz<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">57.00%<span></span>
</td>
<td class="nump">57.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">LPG International Inc.<span></span>
</td>
<td class="text">LPG International Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Cayman Islands<span></span>
</td>
<td class="text">Cayman Islands<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">Ultragaz<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Imaven Im&#243;veis Ltda.<span></span>
</td>
<td class="text">Imaven Im&#243;veis Ltda.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Others<span></span>
</td>
<td class="text">Others<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. <span></span>
</td>
<td class="text">Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Extrafarma<span></span>
</td>
<td class="text">Extrafarma<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio<span></span>
</td>
<td class="text">Oxiteno S.A. Ind&#250;stria e Com&#233;rcio<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Nordeste S.A. Ind&#250;stria e Com&#233;rcio<span></span>
</td>
<td class="text">Oxiteno Nordeste S.A. Ind&#250;stria e Com&#233;rcio<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">99.00%<span></span>
</td>
<td class="nump">99.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Argentina Sociedad de Responsabilidad Ltda.<span></span>
</td>
<td class="text">Oxiteno Argentina Sociedad de Responsabilidad Ltda.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Argentina<span></span>
</td>
<td class="text">Argentina<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.<span></span>
</td>
<td class="text">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Uruguay S.A.<span></span>
</td>
<td class="text">Oxiteno Uruguay S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Uruguay<span></span>
</td>
<td class="text">Uruguay<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Barrington S.L. (3)<span></span>
</td>
<td class="text">Barrington S.L. (3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Spain<span></span>
</td>
<td class="text">Spain<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno M&#233;xico S.A. de C.V.<span></span>
</td>
<td class="text">Oxiteno M&#233;xico S.A. de C.V.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Mexico<span></span>
</td>
<td class="text">Mexico<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Servicios Corporativos S.A. de C.V.<span></span>
</td>
<td class="text">Oxiteno Servicios Corporativos S.A. de C.V.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Mexico<span></span>
</td>
<td class="text">Mexico<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Servicios Industriales S.A. de C.V.<span></span>
</td>
<td class="text">Oxiteno Servicios Industriales S.A. de C.V.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Mexico<span></span>
</td>
<td class="text">Mexico<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno USA LLC<span></span>
</td>
<td class="text">Oxiteno USA LLC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">United States<span></span>
</td>
<td class="text">United States<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Global Petroleum Products Trading Corp.<span></span>
</td>
<td class="text">Global Petroleum Products Trading Corp.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Virgin Islands<span></span>
</td>
<td class="text">Virgin Islands<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Overseas Corp.(4)<span></span>
</td>
<td class="text">Oxiteno Overseas Corp.(4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Virgin Islands<span></span>
</td>
<td class="text">Virgin Islands<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Andina, C.A.<span></span>
</td>
<td class="text">Oxiteno Andina, C.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Venezuela<span></span>
</td>
<td class="text">Venezuela<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Europe SPRL<span></span>
</td>
<td class="text">Oxiteno Europe SPRL<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Belgium<span></span>
</td>
<td class="text">Belgium<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Colombia S.A.S<span></span>
</td>
<td class="text">Oxiteno Colombia S.A.S<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Colombia<span></span>
</td>
<td class="text">Colombia<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Shanghai LTD.<span></span>
</td>
<td class="text">Oxiteno Shanghai LTD.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">China<span></span>
</td>
<td class="text">China<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Empresa Carioca de Produtos Qu&#237;micos S.A.<span></span>
</td>
<td class="text">Empresa Carioca de Produtos Qu&#237;micos S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">Oxiteno<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.<span></span>
</td>
<td class="text">Ultracargo - Opera&#231;&#245;es Log&#237;sticas e Participa&#231;&#245;es Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultracargo<span></span>
</td>
<td class="text">Ultracargo<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Terminal Qu&#237;mico de Aratu S.A. &#150; Tequimar<span></span>
</td>
<td class="text">Terminal Qu&#237;mico de Aratu S.A. &#150; Tequimar<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Ultracargo<span></span>
</td>
<td class="text">Ultracargo<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">99.00%<span></span>
</td>
<td class="nump">99.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">Ultrapar International S.A.<span></span>
</td>
<td class="text">Ultrapar International S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Luxembourg<span></span>
</td>
<td class="text">Luxembourg<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Others<span></span>
</td>
<td class="text">Others<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Subsidiary</a></td>
<td class="text">SERMA - Ass. dos usu&#225;rios equip. proc. de dados<span></span>
</td>
<td class="text">SERMA - Ass. dos usu&#225;rios equip. proc. de dados<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Location', window );">Location</a></td>
<td class="text">Brazil<span></span>
</td>
<td class="text">Brazil<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessSegment', window );">Segment</a></td>
<td class="text">Others<span></span>
</td>
<td class="text">Others<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DirectControlInterestPercentage', window );">Direct control</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndirecttControlInterestPercentage', window );">Indirect control</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BusinessSegment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of the segment in wich the subsidiarie is included according to the Entity's consolidation policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BusinessSegment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DirectControlInterestPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the Entity's direct control over the subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DirectControlInterestPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IndirecttControlInterestPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of the Entity's indirect control over the subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IndirecttControlInterestPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_Location">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the geographic location in which the subsidiary operates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_Location</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSubsidiariesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of a subsidiary. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2016-03-30&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2016-03-30&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 19B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_19B_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary5Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary5Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary6Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary6Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary7Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary7Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary8Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary8Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary9Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary9Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary10Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary10Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary11Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary11Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary12Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary12Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary13Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary13Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary14Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary14Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary15Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary16Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary16Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary17Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary17Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary18Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary18Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary19Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary19Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary20Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary20Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary21Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary21Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary22Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary22Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary23Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary23Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary24Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary24Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary25Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary25Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary26Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary26Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary27Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary27Member</td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary28Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary28Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary29Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary29Member</td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary30Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary30Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary31Member">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary31Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary32Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<td></td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary33Member</td>
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<td>na</td>
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<td>na</td>
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<td></td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary35Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary35Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
</tr>
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<td></td>
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<td></td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary36Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary37Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary37Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<td></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary38Member">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary38Member</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary39Member</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary40Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6793182112">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems', window );"><strong>SummaryOfAssetsAndLiabilitiesFairValueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">R$ 5,002,004<span></span>
</td>
<td class="nump">R$ 4,274,158<span></span>
</td>
<td class="nump">R$ 2,702,893<span></span>
</td>
<td class="nump">R$ 2,827,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">4,667,109<span></span>
</td>
<td class="nump">3,729,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories</a></td>
<td class="nump">3,491,879<span></span>
</td>
<td class="nump">2,761,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">1,194,826<span></span>
</td>
<td class="nump">724,389<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">15,201,291<span></span>
</td>
<td class="nump">13,011,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Escrow deposits</a></td>
<td class="nump">822,660<span></span>
</td>
<td class="nump">778,770<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment</a></td>
<td class="nump">6,607,788<span></span>
</td>
<td class="nump">5,787,982<span></span>
</td>
<td class="nump">R$ 5,438,895<span></span>
</td>
<td class="nump">R$ 5,091,971<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets</a></td>
<td class="nump">3,727,473<span></span>
</td>
<td class="nump">3,371,599<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Noncurrent assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="nump">11,147,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">2,155,498<span></span>
</td>
<td class="nump">1,709,653<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">388,118<span></span>
</td>
<td class="nump">362,718<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesPayable', window );">Taxes payable</a></td>
<td class="nump">38,524<span></span>
</td>
<td class="nump">7,645<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentPayables', window );">Other payables</a></td>
<td class="nump">125,150<span></span>
</td>
<td class="nump">102,714<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="nump">5,486,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provision for tax, civil and labor risks</a></td>
<td class="nump">925,796<span></span>
</td>
<td class="nump">779,782<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentPayables', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">162,834<span></span>
</td>
<td class="nump">74,884<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Noncurrent liabilities</a></td>
<td class="nump">11,605,502<span></span>
</td>
<td class="nump">10,114,166<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Participation of non-controlling interests</a></td>
<td class="nump">339,571<span></span>
</td>
<td class="nump">R$ 30,935<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember', window );">Acquisition Date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems', window );"><strong>SummaryOfAssetsAndLiabilitiesFairValueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">73,316<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">157,016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories</a></td>
<td class="nump">112,998<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">5,595<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Other receivables</a></td>
<td class="nump">15,497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">364,422<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RelatedPartiesNoncurrentAssets', window );">Related parties</a></td>
<td class="nump">7,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IndemnityAsset', window );">Indemnity asset</a></td>
<td class="nump">202,352<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Escrow deposits</a></td>
<td class="nump">4,095<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">5,257<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment</a></td>
<td class="nump">172,526<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets</a></td>
<td class="nump">9,944<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Noncurrent assets</a></td>
<td class="nump">401,251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TotalAssetsAcquired', window );">Total assets acquired</a></td>
<td class="nump">765,673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TemporaryGoodwillAsset', window );">Preliminary goodwill</a></td>
<td class="nump">123,673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TotalAssetsAcquiredAndGoodwill', window );">Total assets acquired and preliminary goodwill</a></td>
<td class="nump">889,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">33,453<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">18,251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesPayable', window );">Taxes payable</a></td>
<td class="nump">20,089<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherCurrentPayables', window );">Other payables</a></td>
<td class="nump">28,743<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">100,536<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provision for tax, civil and labor risks</a></td>
<td class="nump">202,352<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentPayables', window );">Deferred income and social contribution taxes</a></td>
<td class="nump">3,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostemploymentBenefitsNoncurrent', window );">Post-employment benefits</a></td>
<td class="nump">44,478<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Noncurrent liabilities</a></td>
<td class="nump">250,130<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="num">(350,666)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Participation of non-controlling interests</a></td>
<td class="num">(182,603)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TemporaryConsiderationTransferred', window );">Preliminary consideration transferred</a></td>
<td class="nump">R$ 356,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits; Unused tax credits; Unused tax losses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IndemnityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IndemnityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostemploymentBenefitsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostemploymentBenefitsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of provisions by nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RecoverableTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RecoverableTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RelatedPartiesNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RelatedPartiesNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalariesAndRelatedCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAssetsAndLiabilitiesFairValueLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TemporaryConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TemporaryConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TemporaryGoodwillAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TemporaryGoodwillAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TotalAssetsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TotalAssetsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TotalAssetsAcquiredAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TotalAssetsAcquiredAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2016-01-13<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2016-03-30&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 36<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2016-01-13<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=10&amp;date=2016-03-30&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current payables that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount receivable by the entity that it does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765113536">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPrinciplesOfConsolidationLineItems', window );"><strong>SummaryOfPrinciplesOfConsolidationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">(-) Non-controlling interest</a></td>
<td class="nump">R$ 339,571<span></span>
</td>
<td class="nump">R$ 30,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember', window );">Acquisition Date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPrinciplesOfConsolidationLineItems', window );"><strong>SummaryOfPrinciplesOfConsolidationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TemporaryConsiderationTransferred', window );">Temporary consideration transferred</a></td>
<td class="nump">356,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TotalAssetsAcquired', window );">Total assets acquired</a></td>
<td class="nump">765,673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">(-) Total liabilities assumed</a></td>
<td class="num">(350,666)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">(-) Non-controlling interest</a></td>
<td class="num">(182,603)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TemporaryGoodwill', window );">Temporary goodwill</a></td>
<td class="nump">R$ 123,673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfPrinciplesOfConsolidationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfPrinciplesOfConsolidationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TemporaryConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TemporaryConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TemporaryGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TemporaryGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TotalAssetsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TotalAssetsAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2016-01-13<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=10&amp;date=2016-03-30&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=UGP_AcquisitionDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R78.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787415408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Details 3)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$) </div>
<div>R$ / shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract', window );"><strong>Principles Of Consolidation Investments In Subsidiaries Acquisitions Under Approval And Business Combination Details 3</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueOfAcquiree', window );">Net revenue from sale and services</a></td>
<td class="nump">R$ 80,785,084<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingIncomeAcquiree', window );">Operating income</a></td>
<td class="nump">2,834,636<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossOfAcquiree', window );">Net income for the year</a></td>
<td class="nump">R$ 1,555,077<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BasicEarningsLossPerShareAcquiree', window );">Earnings per share basic - whole | R$ / shares</a></td>
<td class="nump">R$ 2.8709<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DilutedEarningsLossPerShareAcquiree', window );">Earnings per share diluted - whole | R$ / shares</a></td>
<td class="nump">R$ 2.8503<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BasicEarningsLossPerShareAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BasicEarningsLossPerShareAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DilutedEarningsLossPerShareAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DilutedEarningsLossPerShareAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingIncomeAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income of the acquiree since the acquisition date included in the consolidated statement of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingIncomeAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrinciplesOfConsolidationInvestmentsInSubsidiariesAcquisitionsUnderApprovalAndBusinessCombinationDetails4Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) of the acquiree, since the acquisition date, included in the consolidated statement of comprehensive income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2016-01-13<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2016-03-30&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueOfAcquiree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue of the acquiree since the acquisition date included in the consolidated statement of comprehensive income. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2016-01-13<br> -Paragraph B64<br> -Subparagraph q<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2016-03-30&amp;anchor=para_B64_q_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueOfAcquiree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>86
<FILENAME>R79.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759739424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>4. Cash and Cash Equivalents and Financial Investments (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract', window );"><strong>Cash And Cash Equivalents And Financial Investments Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashAndBankDepositsInLocalCurrency', window );">Cash and bank deposits in local currency</a></td>
<td class="nump">R$ 73,128<span></span>
</td>
<td class="nump">R$ 47,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashAndBankDepositsInForeignCurrency', window );">Cash and bank deposits in foreign currency</a></td>
<td class="nump">74,798<span></span>
</td>
<td class="nump">66,141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency', window );">Financial investments considered cash equivalents in local currency, fixed income securities</a></td>
<td class="nump">4,821,605<span></span>
</td>
<td class="nump">3,837,807<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency', window );">Financial investments considered cash equivalents in foreign currency, fixed income securities</a></td>
<td class="nump">32,473<span></span>
</td>
<td class="nump">323,033<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Total cash and cash equivalents</a></td>
<td class="nump">R$ 5,002,004<span></span>
</td>
<td class="nump">R$ 4,274,158<span></span>
</td>
<td class="nump">R$ 2,702,893<span></span>
</td>
<td class="nump">R$ 2,827,369<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashAndBankDepositsInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and bank deposits in foreign currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashAndBankDepositsInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashAndBankDepositsInLocalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and bank deposits in local currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashAndBankDepositsInLocalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsConsideredCashEquivalentsInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in local currency that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsConsideredCashEquivalentsInLocalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>87
<FILENAME>R80.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6791934624">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>4. Cash and Cash Equivalents and Financial Investments (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract', window );"><strong>Cash And Cash Equivalents And Financial Investments Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsInLocalCurrency', window );">Financial investments in local currency, fixed-income securities and funds</a></td>
<td class="nump">R$ 1,153,040<span></span>
</td>
<td class="nump">R$ 1,174,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsInForeignCurrency', window );">Financial investments in foreign currency, fixed-income securities and funds</a></td>
<td class="nump">129,131<span></span>
</td>
<td class="nump">34,775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurencyAndInterestRateHedgingInstruments', window );">Curency and interest rate hedging instruments</a></td>
<td class="nump">85,753<span></span>
</td>
<td class="nump">218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestments', window );">Total financial investments</a></td>
<td class="nump">1,367,924<span></span>
</td>
<td class="nump">1,427,691<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsCurrent', window );">Current</a></td>
<td class="nump">1,283,498<span></span>
</td>
<td class="nump">1,412,587<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsNoncurrent', window );">Non-current</a></td>
<td class="nump">R$ 84,426<span></span>
</td>
<td class="nump">R$ 15,104<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurencyAndInterestRateHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Can be a recognised asset or liability, an unrecognised firm commitment, a highly probable forecast transaction or a net investment in a foreign operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurencyAndInterestRateHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A financial asset is any asset that is: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will or may be settled in the entity's own equity instruments and is: (i) a non-derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments; or (ii) a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current financial investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Funds gathers capital from a number of investors to create a pool of money that is then re-invested into assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsInLocalCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in local currency that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Funds gathers capital from a number of investors to create a pool of money that is then re-invested into assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsInLocalCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>88
<FILENAME>R81.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760806096">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>4. Cash and Cash Equivalents and Financial Investments (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract', window );"><strong>Cash And Cash Equivalents And Financial Investments Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashCashEqivalentsAndFinancialInvestments', window );">Cash, cash eqivalents, and financial investments</a></td>
<td class="nump">R$ 6,369,928<span></span>
</td>
<td class="nump">R$ 5,701,849<span></span>
</td>
<td class="nump">R$ 3,973,162<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashAndCashEquivalentsAndFinancialInvestmentsDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashCashEqivalentsAndFinancialInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashCashEqivalentsAndFinancialInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>89
<FILENAME>R82.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765872560">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5. Trade Receivables and Reseller Financing (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">R$ 4,667,109<span></span>
</td>
<td class="nump">R$ 3,729,407<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesCurrent', window );">Current</a></td>
<td class="nump">4,337,118<span></span>
</td>
<td class="nump">3,502,322<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesNoncurrent', window );">Non-current</a></td>
<td class="nump">329,991<span></span>
</td>
<td class="nump">227,085<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesAxis=UGP_DomesticCustomersMember', window );">Domestic customers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">4,057,752<span></span>
</td>
<td class="nump">3,315,783<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesAxis=UGP_ResellerFinancingIpirangaMember', window );">Reseller Financing Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">675,236<span></span>
</td>
<td class="nump">466,277<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesAxis=UGP_ForeignCustomersMember', window );">Foreign customers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="nump">229,701<span></span>
</td>
<td class="nump">180,679<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesAxis=UGP_AllowanceForDoubtfulAccountMember', window );">Allowance For Doubtful Accounts</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeReceivables', window );">Trade receivables</a></td>
<td class="num">R$ (295,580)<span></span>
</td>
<td class="num">R$ (233,332)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfTradeReceivablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfTradeReceivablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold, expected to be received within one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold, expected to be received in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from customers for goods and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesAxis=UGP_DomesticCustomersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesAxis=UGP_DomesticCustomersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesAxis=UGP_ResellerFinancingIpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesAxis=UGP_ResellerFinancingIpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesAxis=UGP_ForeignCustomersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesAxis=UGP_ForeignCustomersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesAxis=UGP_AllowanceForDoubtfulAccountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesAxis=UGP_AllowanceForDoubtfulAccountMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>90
<FILENAME>R83.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6763654800">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>5. Trade Receivables and Reseller Financing (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">R$ 4,962,689<span></span>
</td>
<td class="nump">R$ 3,962,739<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_CurrentMember', window );">Current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">4,102,549<span></span>
</td>
<td class="nump">3,326,934<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_LessThan30DaysMember', window );">Less than 30 days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">200,939<span></span>
</td>
<td class="nump">167,790<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From31To60DaysMember', window );">31 - 60 days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">46,491<span></span>
</td>
<td class="nump">44,152<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From61To90DaysMember', window );">61 - 90 days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">48,197<span></span>
</td>
<td class="nump">23,738<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From91To180DaysMember', window );">91 - 180 days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">87,812<span></span>
</td>
<td class="nump">60,150<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan180DaysMember', window );">More than 180 days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradeReceivablesLineItems', window );"><strong>SummaryOfTradeReceivablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesGross', window );">Trade receivables, gross of allowance for doubtful accounts</a></td>
<td class="nump">R$ 476,701<span></span>
</td>
<td class="nump">R$ 339,975<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfTradeReceivablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfTradeReceivablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of trade receivables, gross of allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_CurrentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_CurrentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_LessThan30DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_LessThan30DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From31To60DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From31To60DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From61To90DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From61To90DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From91To180DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From91To180DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan180DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan180DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>R84.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6761350432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>5. Trade Receivables and Reseller Financing (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradeReceivablesAndResellerFinancingDetails2Abstract', window );"><strong>Trade Receivables And Reseller Financing Details 2</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowance for doubtful accounts, beginning</a></td>
<td class="nump">R$ 233,332<span></span>
</td>
<td class="nump">R$ 200,816<span></span>
</td>
<td class="nump">R$ 178,444<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OpeningBalanceCblSA', window );">Opening balance CBL S.A. (see Note 3.c)</a></td>
<td class="nump">6,733<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable', window );">Additions</a></td>
<td class="nump">66,427<span></span>
</td>
<td class="nump">48,402<span></span>
</td>
<td class="nump">44,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable', window );">Write-offs</a></td>
<td class="num">(10,912)<span></span>
</td>
<td class="num">(15,886)<span></span>
</td>
<td class="num">(22,008)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowance for doubtful accounts, ending</a></td>
<td class="nump">R$ 295,580<span></span>
</td>
<td class="nump">R$ 233,332<span></span>
</td>
<td class="nump">R$ 200,816<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions regarding the accounts classified as probable for credit loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditonsToAllowancesForDoubfulAccountsOnTradeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AllowancesForDoubfulAccountsOnTradeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OpeningBalanceCblSA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial balance of the new subsidiary CBLSA due to business combination</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OpeningBalanceCblSA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradeReceivablesAndResellerFinancingDetails2Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradeReceivablesAndResellerFinancingDetails2Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of write-offs regarding the accounts classified as probable for credit loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WriteoffsOnAllowancesForDoubfulAccountsOnTradeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>92
<FILENAME>R85.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766457296">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>6. Inventories (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">R$ 3,528,978<span></span>
</td>
<td class="nump">R$ 2,808,478<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(37,099)<span></span>
</td>
<td class="num">(47,271)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">3,491,879<span></span>
</td>
<td class="nump">2,761,207<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_FuelsMember', window );">Fuels, lubricants, and greases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">1,622,054<span></span>
</td>
<td class="nump">1,317,042<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(3,074)<span></span>
</td>
<td class="num">(2,851)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">1,618,980<span></span>
</td>
<td class="nump">1,314,191<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_FinishedGoodsMember', window );">Finished goods</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">485,407<span></span>
</td>
<td class="nump">425,335<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(18,495)<span></span>
</td>
<td class="num">(19,801)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">466,912<span></span>
</td>
<td class="nump">405,534<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_WorkInProcessMember', window );">Work in process</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">1,637<span></span>
</td>
<td class="nump">2,011<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">1,637<span></span>
</td>
<td class="nump">2,011<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_RawMaterialsMember', window );">Raw materials</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">492,029<span></span>
</td>
<td class="nump">246,974<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(1,835)<span></span>
</td>
<td class="num">(1,147)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">490,194<span></span>
</td>
<td class="nump">245,827<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_LiquifiedPetroleumGasMember', window );">Liquified petroleum gas</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">102,031<span></span>
</td>
<td class="nump">71,466<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(5,761)<span></span>
</td>
<td class="num">(5,761)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">96,270<span></span>
</td>
<td class="nump">65,705<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_ConsumableMaterialsMember', window );">Consumable materials and other items for resale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">160,024<span></span>
</td>
<td class="nump">138,610<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(5,380)<span></span>
</td>
<td class="num">(7,619)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">154,644<span></span>
</td>
<td class="nump">130,991<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_PharmaceuticalHygieneBeautyProductsMember', window );">Pharmaceutical, hygiene, and beauty products</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">415,956<span></span>
</td>
<td class="nump">352,187<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(2,447)<span></span>
</td>
<td class="num">(9,985)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">413,509<span></span>
</td>
<td class="nump">342,202<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_AdvancesToSuppliersMember', window );">Advances to suppliers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">222,808<span></span>
</td>
<td class="nump">228,871<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">222,808<span></span>
</td>
<td class="nump">228,871<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAxis=UGP_PropertiesForResaleMember', window );">Properties for resale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfInventoriesLineItems', window );"><strong>SummaryOfInventoriesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesCost', window );">Cost</a></td>
<td class="nump">27,032<span></span>
</td>
<td class="nump">25,982<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForLossesInventories', window );">Provision for losses</a></td>
<td class="num">(107)<span></span>
</td>
<td class="num">(107)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Net balance</a></td>
<td class="nump">R$ 26,925<span></span>
</td>
<td class="nump">R$ 25,875<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cost of inventories shall comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForLossesInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForLossesInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfInventoriesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfInventoriesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 36<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_FuelsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_FuelsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_FinishedGoodsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_FinishedGoodsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_WorkInProcessMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_WorkInProcessMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_RawMaterialsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_RawMaterialsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_LiquifiedPetroleumGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_LiquifiedPetroleumGasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_ConsumableMaterialsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_ConsumableMaterialsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_PharmaceuticalHygieneBeautyProductsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_PharmaceuticalHygieneBeautyProductsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_AdvancesToSuppliersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_AdvancesToSuppliersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAxis=UGP_PropertiesForResaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAxis=UGP_PropertiesForResaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R86.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6793338544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>6. Inventories (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesDetails1Abstract', window );"><strong>Inventories Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesProvisionForLosses', window );">Provisions for losses, beginning</a></td>
<td class="nump">R$ 47,271<span></span>
</td>
<td class="nump">R$ 33,992<span></span>
</td>
<td class="nump">R$ 46,325<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToNetRealizableValueAdjustment', window );">Additions (reversals) to net realizable value adjustment</a></td>
<td class="num">(6,713)<span></span>
</td>
<td class="nump">12,393<span></span>
</td>
<td class="nump">2,003<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ReversalsOfObsolescenceAndOtherLosses', window );">Reversals of obsolescence and other losses</a></td>
<td class="num">(3,459)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(14,336)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToObsolescenceAndOtherLosses', window );">Additions to obsolescence and other losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">886<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesProvisionForLosses', window );">Provisions for losses, ending</a></td>
<td class="nump">R$ 37,099<span></span>
</td>
<td class="nump">R$ 47,271<span></span>
</td>
<td class="nump">R$ 33,992<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionsToNetRealizableValueAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions (reversals) to net realizable value adjustment regarding provision for loss on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionsToNetRealizableValueAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionsToObsolescenceAndOtherLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions to obsolescence and other losses regarding provision for loss on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionsToObsolescenceAndOtherLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesProvisionForLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for loss on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesProvisionForLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ReversalsOfObsolescenceAndOtherLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reversals of obsolescence and other losses regarding provision for loss on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ReversalsOfObsolescenceAndOtherLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>R87.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792869360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>6. Inventories (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesDetails2Abstract', window );"><strong>Inventories Details 2</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetRealizableValueAdjustment', window );">Net realizable value adjustment</a></td>
<td class="nump">R$ 19,817<span></span>
</td>
<td class="nump">R$ 26,530<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ObsolescenceAndOtherLosses', window );">Obsolescence and other losses</a></td>
<td class="nump">17,282<span></span>
</td>
<td class="nump">20,741<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesProvisionForLosses', window );">Provision for losses related to inventories</a></td>
<td class="nump">R$ 37,099<span></span>
</td>
<td class="nump">R$ 47,271<span></span>
</td>
<td class="nump">R$ 33,992<span></span>
</td>
<td class="nump">R$ 46,325<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesDetails2Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesDetails2Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesProvisionForLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for loss on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesProvisionForLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetRealizableValueAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net realizable value adjustment on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetRealizableValueAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ObsolescenceAndOtherLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Obsolescence and other losses on the value of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ObsolescenceAndOtherLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>95
<FILENAME>R88.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6793256112">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>7. Recoverable Taxes (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">R$ 1,194,826<span></span>
</td>
<td class="nump">R$ 724,389<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssets', window );">Current</a></td>
<td class="nump">881,584<span></span>
</td>
<td class="nump">541,772<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxesNoncurrent', window );">Non-current</a></td>
<td class="nump">313,242<span></span>
</td>
<td class="nump">182,617<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ICMSMember', window );">ICMS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">580,630<span></span>
</td>
<td class="nump">459,255<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ProvisionForICMSLossesMember', window );">Provision for ICMS losses(1)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="num">(72,076)<span></span>
</td>
<td class="num">(68,683)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_PISAndCOFINSMember', window );">PIS and COFINS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">348,333<span></span>
</td>
<td class="nump">109,552<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_IRPJAndCSLLMember', window );">IRPJ and CSLL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">295,172<span></span>
</td>
<td class="nump">195,276<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ValueAddedTaxMember', window );">Value-Added Tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">27,180<span></span>
</td>
<td class="nump">22,121<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_OtherTaxesPayableMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRecoverableTaxesLineItems', window );"><strong>SummaryOfRecoverableTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxes', window );">Recoverable taxes</a></td>
<td class="nump">R$ 15,587<span></span>
</td>
<td class="nump">R$ 6,868<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RecoverableTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RecoverableTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RecoverableTaxesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for tax in respect of current and prior periods over the amount due for those periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RecoverableTaxesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRecoverableTaxesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRecoverableTaxesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of amount paid for current tax in respect of current and prior periods over the amount due for those periods. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ICMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ICMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ProvisionForICMSLossesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ProvisionForICMSLossesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_PISAndCOFINSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_PISAndCOFINSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_IRPJAndCSLLMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_IRPJAndCSLLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ValueAddedTaxMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ValueAddedTaxMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_OtherTaxesPayableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_OtherTaxesPayableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>96
<FILENAME>R89.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787348336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>7. Recoverable Taxes (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RecoverableTaxesDetails1Abstract', window );"><strong>Recoverable Taxes Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForIcmsLosses', window );">Provision for ICMS losses, beginning</a></td>
<td class="nump">R$ 68,683<span></span>
</td>
<td class="nump">R$ 64,891<span></span>
</td>
<td class="nump">R$ 67,657<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteoffsAdditionsReversalsOfIcmsProvision', window );">Write-offs, additions and reversals, net</a></td>
<td class="nump">3,393<span></span>
</td>
<td class="nump">3,792<span></span>
</td>
<td class="num">(2,766)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForIcmsLosses', window );">Provision for ICMS losses, ending</a></td>
<td class="nump">R$ 72,076<span></span>
</td>
<td class="nump">R$ 68,683<span></span>
</td>
<td class="nump">R$ 64,891<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForIcmsLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of Provision for losses regarding the excess of amount paid for ICMS (Brazilian tax on goods and services) expected to be recovered in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForIcmsLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RecoverableTaxesDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RecoverableTaxesDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WriteoffsAdditionsReversalsOfIcmsProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net balance of Write-offs, additions and reversals on Provision for losses regarding the excess of amount paid for ICMS (Brazilian tax on goods and services) expected to be recovered in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WriteoffsAdditionsReversalsOfIcmsProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>97
<FILENAME>R90.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766237216">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">R$ 490<span></span>
</td>
<td class="nump">R$ 490<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">4,185<span></span>
</td>
<td class="nump">4,272<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">1,067<span></span>
</td>
<td class="nump">7,259<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">23,719<span></span>
</td>
<td class="nump">25,540<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsSalesAndServices', window );">Commercial transactions, sales and services</a></td>
<td class="nump">7,245<span></span>
</td>
<td class="nump">13,335<span></span>
</td>
<td class="nump">R$ 18,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPurchases', window );">Commercial transactions purchases</a></td>
<td class="nump">1,022,997<span></span>
</td>
<td class="nump">977,510<span></span>
</td>
<td class="nump">627,367<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember', window );">Oxicap Industria de Gases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">1,489<span></span>
</td>
<td class="nump">1,534<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsSalesAndServices', window );">Commercial transactions, sales and services</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPurchases', window );">Commercial transactions purchases</a></td>
<td class="nump">18,108<span></span>
</td>
<td class="nump">18,079<span></span>
</td>
<td class="nump">12,353<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember', window );">Quimica da Bahia Industria e Comercio</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">2,946<span></span>
</td>
<td class="nump">2,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_ConectCarSolucoesDeMobilidadeEletronicaMember', window );">ConectCar Solucoes de Mobilidade Eletronica</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">1,067<span></span>
</td>
<td class="nump">7,259<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">31<span></span>
</td>
<td class="nump">5,820<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsSalesAndServices', window );">Commercial transactions, sales and services</a></td>
<td class="nump">7,239<span></span>
</td>
<td class="nump">13,329<span></span>
</td>
<td class="nump">18,205<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPurchases', window );">Commercial transactions purchases</a></td>
<td class="nump">859<span></span>
</td>
<td class="nump">1,424<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_RefinariaDePetroleoRigrandenseMember', window );">Refinaria de Petroleo Riograndense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">22,199<span></span>
</td>
<td class="nump">18,186<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsSalesAndServices', window );">Commercial transactions, sales and services</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPurchases', window );">Commercial transactions purchases</a></td>
<td class="nump">1,004,030<span></span>
</td>
<td class="nump">958,007<span></span>
</td>
<td class="nump">R$ 615,014<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_RelatiedPartiesOtherMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAssets', window );">Loans assets</a></td>
<td class="nump">490<span></span>
</td>
<td class="nump">490<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansLiabilities', window );">Loans liabilities</a></td>
<td class="nump">1,239<span></span>
</td>
<td class="nump">1,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsReceivables', window );">Commercial transactions receivables</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommercialTransactionsPayables', window );">Commercial transactions payables</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CommercialTransactionsPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Commercial transactions payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CommercialTransactionsPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CommercialTransactionsPurchases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Commercial transactions purchases regarding related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CommercialTransactionsPurchases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CommercialTransactionsReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Commercial transactions receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CommercialTransactionsReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CommercialTransactionsSalesAndServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Commercial transactions, sales and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CommercialTransactionsSalesAndServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Loan assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Loan liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_ConectCarSolucoesDeMobilidadeEletronicaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_ConectCarSolucoesDeMobilidadeEletronicaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_RefinariaDePetroleoRigrandenseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_RefinariaDePetroleoRigrandenseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_RelatiedPartiesOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>98
<FILENAME>R91.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766138048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="nump">R$ 50,307<span></span>
</td>
<td class="nump">R$ 51,542<span></span>
</td>
<td class="nump">R$ 49,123<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExecutiveCompensationAxis=UGP_ShortTermCompensationMember', window );">Short Term Compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="nump">45,477<span></span>
</td>
<td class="nump">40,306<span></span>
</td>
<td class="nump">37,759<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExecutiveCompensationAxis=UGP_StockCompensationMember', window );">Stock Compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="nump">1,399<span></span>
</td>
<td class="nump">5,427<span></span>
</td>
<td class="nump">6,126<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExecutiveCompensationAxis=UGP_PostEmploymentBenefitsMember', window );">Post Employment Benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="nump">1,096<span></span>
</td>
<td class="nump">3,336<span></span>
</td>
<td class="nump">2,936<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExecutiveCompensationAxis=UGP_TerminationBenefitMember', window );">Termination Benefit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="nump">8,794<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExecutiveCompensationAxis=UGP_LongTermCompensationMember', window );">Long Term Compensation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Compensation expense of key executives</a></td>
<td class="num">R$ (6,459)<span></span>
</td>
<td class="nump">R$ 2,473<span></span>
</td>
<td class="nump">R$ 2,302<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2016-03-30&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExecutiveCompensationAxis=UGP_ShortTermCompensationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExecutiveCompensationAxis=UGP_ShortTermCompensationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExecutiveCompensationAxis=UGP_StockCompensationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExecutiveCompensationAxis=UGP_StockCompensationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExecutiveCompensationAxis=UGP_PostEmploymentBenefitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExecutiveCompensationAxis=UGP_PostEmploymentBenefitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExecutiveCompensationAxis=UGP_TerminationBenefitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExecutiveCompensationAxis=UGP_TerminationBenefitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExecutiveCompensationAxis=UGP_LongTermCompensationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExecutiveCompensationAxis=UGP_LongTermCompensationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>99
<FILENAME>R92.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766522864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details 2)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$) </div>
<div>shares </div>
<div>R$ / shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 105,521<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(62,002)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 43,519<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements1Member', window );">Sharebased Payment Arrangements 1</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">13-Mar-17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">100,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2022 to 2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 67.99<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 9,378<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(1,327)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 8,051<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements2Member', window );">Sharebased Payment Arrangements 2</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">4-Mar-16<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">190,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2021 to 2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 65.43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 17,147<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(5,339)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 11,808<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements3Member', window );">Sharebased Payment Arrangements 3</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">9-Dec-14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">570,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2019 to 2021<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 50.64<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 39,814<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(20,849)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 18,965<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements4Member', window );">Sharebased Payment Arrangements 4</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">5-Mar-14<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">83,400<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2019 to 2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 52.15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 5,999<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(3,906)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 2,093<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements5Member', window );">Sharebased Payment Arrangements 5</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">7-Nov-12<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">199,998<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2017 to 2019<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 42.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 18,309<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(15,937)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 2,372<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements6Member', window );">Sharebased Payment Arrangements 6</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">14-Dec-11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">40,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2016 to 2018<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 31.85<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 5,272<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(5,042)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 230<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements7Member', window );">Sharebased Payment Arrangements 7</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">10-Nov-10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2015 to 2017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment', window );">Market price of shares on the grant date | R$ / shares</a></td>
<td class="nump">R$ 26.78<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes', window );">Total grants costs, including taxes</a></td>
<td class="nump">R$ 9,602<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCosts', window );">Accumulated recognized grant costs</a></td>
<td class="num">(9,602)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCosts', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AccumulatedRecognizedGrantCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based payment arrangement accumulated recognized grant costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AccumulatedRecognizedGrantCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AccumulatedUnrecognizedGrantCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based payment arrangement accumulated unrecognized grant costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AccumulatedUnrecognizedGrantCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SharebasedPaymentGrantsCostsIncludingTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share-based payment arrangement total grants costs, including taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SharebasedPaymentGrantsCostsIncludingTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The date on which share-based payment arrangements are granted. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph IG23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_IG23&amp;doctype=Implementation%20Guidance<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DateOfGrantOfSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the vesting requirements for a type of share-based payment arrangement that existed at any time during the period. An entity with substantially similar types of share-based payment arrangements may aggregate this information. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_45_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements5Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements5Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements6Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements6Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements7Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_SharebasedPaymentArrangements7Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>100
<FILENAME>R93.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787317648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details 3) - shares<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RelatedPartiesDetails3Abstract', window );"><strong>Related Parties Details 3</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOptionsGrantedInSharebasedPaymentArrangement', window );">Shares granted, beginning</a></td>
<td class="nump">1,500,072<span></span>
</td>
<td class="nump">1,727,264<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForfeitureOfSharesGranted', window );">Shares granted</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="nump">190,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment', window );">Forfeiture of granted shares due to termination of executive employment</a></td>
<td class="num">(143,333)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement', window );">Shares vested and transferred</a></td>
<td class="num">(273,341)<span></span>
</td>
<td class="num">(417,192)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOptionsGrantedInSharebasedPaymentArrangement', window );">Shares granted, ending</a></td>
<td class="nump">1,183,398<span></span>
</td>
<td class="nump">1,500,072<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CancellationOfGrantedSharesDueToTerminationOfExecutiveEmployment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForfeitureOfSharesGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Forfeiture of shares granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForfeitureOfSharesGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RelatedPartiesDetails3Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RelatedPartiesDetails3Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares vested and transferred in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SharesVestedTransferredDuringPeriodSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>101
<FILENAME>R94.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777346800">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details 4)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$) </div>
<div>shares </div>
<div>R$ / shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">166,270<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrantCostsIncludingTaxes', window );">Total grant costs, including taxes</a></td>
<td class="nump">R$ 18,543<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCostsRelatedParties', window );">Accumulated recognized grant costs</a></td>
<td class="num">(784)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCostsRelatedParties', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 17,759<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedProgramMember', window );">Restricted</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">1-Oct-17<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">120,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentOptionsExercisePrice', window );">Market price of shares on the grant date (in R$ per share) | R$ / shares</a></td>
<td class="nump">R$ 76.38<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrantCostsIncludingTaxes', window );">Total grant costs, including taxes</a></td>
<td class="nump">R$ 12,642<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCostsRelatedParties', window );">Accumulated recognized grant costs</a></td>
<td class="num">(527)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCostsRelatedParties', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 12,115<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedAndPerformanceProgramMember', window );">Restricted and Performance</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRelatedPartiesLineItems', window );"><strong>SummaryOfRelatedPartiesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement', window );">Grant date</a></td>
<td class="text">8-Nov-17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Balance of number of shares granted | shares</a></td>
<td class="nump">46,270<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement', window );">Vesting period</a></td>
<td class="text">2020 to 2022<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_invest_InvestmentOptionsExercisePrice', window );">Market price of shares on the grant date (in R$ per share) | R$ / shares</a></td>
<td class="nump">R$ 76.38<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrantCostsIncludingTaxes', window );">Total grant costs, including taxes</a></td>
<td class="nump">R$ 5,901<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedRecognizedGrantCostsRelatedParties', window );">Accumulated recognized grant costs</a></td>
<td class="num">(257)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AccumulatedUnrecognizedGrantCostsRelatedParties', window );">Accumulated unrecognized grant costs</a></td>
<td class="nump">R$ 5,644<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AccumulatedRecognizedGrantCostsRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AccumulatedRecognizedGrantCostsRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AccumulatedUnrecognizedGrantCostsRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AccumulatedUnrecognizedGrantCostsRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GrantCostsIncludingTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose information that enables users of the financial statements to understand the nature and extent of share based payment arrangements that existed during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GrantCostsIncludingTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DateOfGrantOfSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The date on which share-based payment arrangements are granted. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph IG23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_IG23&amp;doctype=Implementation%20Guidance<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DateOfGrantOfSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the vesting requirements for a type of share-based payment arrangement that existed at any time during the period. An entity with substantially similar types of share-based payment arrangements may aggregate this information. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_45_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfVestingRequirementsForSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2016-01-13<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2016-03-30&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_invest_InvestmentOptionsExercisePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Exercise price of the option.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-X (SX)<br> -Number 210<br> -Article 12<br> -Section 13<br> -Footnote 5<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">invest_InvestmentOptionsExercisePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>invest_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedProgramMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedProgramMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedAndPerformanceProgramMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=UGP_RestrictedAndPerformanceProgramMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>102
<FILENAME>R95.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787387456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>8. Related Parties (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RelatedPartiesDetailsNarrativeAbstract', window );"><strong>Related Parties Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense', window );">Amortization recognized as general and administrative</a></td>
<td class="nump">R$ 11,752<span></span>
</td>
<td class="nump">R$ 18,372<span></span>
</td>
<td class="nump">R$ 16,935<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Related parties amortization recognized as general and administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AmortizationRecognizedAsGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RelatedPartiesDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RelatedPartiesDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>103
<FILENAME>R96.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766408480">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract', window );"><strong>Assets&#8212;Deferred income and social contribution taxes on:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets', window );">Provision for impairment of assets</a></td>
<td class="nump">R$ 47,592<span></span>
</td>
<td class="nump">R$ 46,254<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks', window );">Provisions for tax, civil, and labor risks</a></td>
<td class="nump">145,767<span></span>
</td>
<td class="nump">163,096<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits', window );">Provision for post-employment benefits</a></td>
<td class="nump">81,199<span></span>
</td>
<td class="nump">54,185<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets', window );">Provision for differences between cash and accrual basis</a></td>
<td class="nump">40,755<span></span>
</td>
<td class="nump">18,452<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesGoodwill', window );">Goodwill</a></td>
<td class="nump">14,234<span></span>
</td>
<td class="nump">17,823<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill', window );">Business combination &#8211; fiscal basis vs. accounting basis of goodwill</a></td>
<td class="nump">74,972<span></span>
</td>
<td class="nump">68,064<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation', window );">Provision for asset retirement obligation</a></td>
<td class="nump">19,111<span></span>
</td>
<td class="nump">23,419<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions', window );">Other provisions</a></td>
<td class="nump">146,002<span></span>
</td>
<td class="nump">136,463<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards', window );">Tax losses and negative basis for social contribution carryforwards (d)</a></td>
<td class="nump">201,471<span></span>
</td>
<td class="nump">78,682<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Total</a></td>
<td class="nump">771,103<span></span>
</td>
<td class="nump">606,438<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance', window );">Offset the liabilities balance</a></td>
<td class="num">(225,492)<span></span>
</td>
<td class="num">(189,094)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssetsNet', window );">Net balance of assets</a></td>
<td class="nump">545,611<span></span>
</td>
<td class="nump">417,344<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract', window );"><strong>Liabilities&#8212;Deferred income and social contribution taxes on:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment', window );">Revaluation of property, plant, and equipment</a></td>
<td class="nump">2,109<span></span>
</td>
<td class="nump">2,640<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesLease', window );">Lease</a></td>
<td class="nump">3,361<span></span>
</td>
<td class="nump">3,899<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities', window );">Provision for differences between cash and accrual basis</a></td>
<td class="nump">44,440<span></span>
</td>
<td class="nump">59,264<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill', window );">Provision for goodwill/negative goodwill</a></td>
<td class="nump">131,811<span></span>
</td>
<td class="nump">74,895<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets', window );">Business combination &#8211; fair value of assets</a></td>
<td class="nump">45,414<span></span>
</td>
<td class="nump">46,202<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries', window );">Temporary differences of foreign subsidiaries</a></td>
<td class="nump">955<span></span>
</td>
<td class="nump">2,290<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities', window );">Other provisions</a></td>
<td class="nump">35,926<span></span>
</td>
<td class="nump">7,549<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxLiabilities', window );">Total</a></td>
<td class="nump">264,016<span></span>
</td>
<td class="nump">196,739<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance', window );">Offset the assets balance</a></td>
<td class="num">(225,492)<span></span>
</td>
<td class="num">(189,094)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet', window );">Net balance of liabilities</a></td>
<td class="nump">R$ 38,524<span></span>
</td>
<td class="nump">R$ 7,645<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offset the assets balance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributioTaxesOffsetAssetsBalance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Offset the liabilities balance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributioTaxesOffsetLiabilitiesBalance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of Deferred income and social contribution taxes on assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net balance of Deferred income and social contribution taxes on assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of Deferred income and social contribution taxes on liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net balance of Deferred income and social contribution taxes on liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesAssetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Business combination &#8211; fiscal basis vs. accounting basis of goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesBusinessCombinationFiscalBasisAccountingBasisOfGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesLease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesLease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on provisions classified as Other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on provisions classified as Other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesOtherProvisionsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Provision for asset retirement obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxe on Provision for differences between cash and accrual basis.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForDifferencesBetweenCashAndAccrualBasisLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Provision for impairment of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForImpairmentOfAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Provision for post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Business combination &#8211; fair value of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsBusinessCombinationFairValueOfAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Provision for goodwill/negative goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionForPostemploymentBenefitsProvisionForGoodwillAndNegativeGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Provisions for tax, civil, and labor risks.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesProvisionsForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes on Revaluation of property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesRevaluationOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax losses and negative basis for social contribution carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesTaxLossesAndNegativeBasisForSocialContributionCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Temporary differences of foreign subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxesTemporaryDifferencesOfForeignSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>104
<FILENAME>R97.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777938112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesDetails2Abstract', window );"><strong>Income And Social Contribution Taxes Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLL', window );">Initial balance</a></td>
<td class="nump">R$ 409,699<span></span>
</td>
<td class="nump">R$ 292,989<span></span>
</td>
<td class="nump">R$ 309,726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear', window );">Deferred IRPJ and CSLL recognized in income of the year</a></td>
<td class="nump">83,029<span></span>
</td>
<td class="nump">100,505<span></span>
</td>
<td class="num">(14,813)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome', window );">Deferred IRPJ and CSLL recognized in other comprehensive income</a></td>
<td class="nump">13,389<span></span>
</td>
<td class="nump">18,938<span></span>
</td>
<td class="num">(2,250)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations', window );">Deferred IRPJ and CSLL recognized in business combination</a></td>
<td class="num">(610)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLLOthers', window );">Others</a></td>
<td class="nump">1,580<span></span>
</td>
<td class="num">(2,733)<span></span>
</td>
<td class="nump">326<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIRPJAndCSLL', window );">Final balance</a></td>
<td class="nump">R$ 507,087<span></span>
</td>
<td class="nump">R$ 409,699<span></span>
</td>
<td class="nump">R$ 292,989<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIRPJAndCSLL">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of income and Social Contribution Taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIRPJAndCSLL</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIRPJAndCSLLOthers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>income and Social Contribution Taxes classified as Other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIRPJAndCSLLOthers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes recognized in business combinations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIRPJAndCSLLRecognizedInBusinessCombinations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes recognized in income of the year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIRPJAndCSLLRecognizedInIncomeOfYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred income and Social Contribution Taxes recognized in other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIRPJAndCSLLRecognizedInOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
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<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesDetails2Abstract</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>105
<FILENAME>R98.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777381936">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">R$ 771,103<span></span>
</td>
<td class="nump">R$ 606,438<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember', window );">Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">207,210<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember', window );">From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">79,790<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember', window );">From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">139,314<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From3To5YearsMember', window );">From 3 to 5 Years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">94,397<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From5To7YearsMember', window );">From 5 to 7 Years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">194,627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From7To10YearsMember', window );">From 7 to 10 Years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeAndSocialContributionTaxAssets', window );">Recovery of deferred tax assets</a></td>
<td class="nump">R$ 55,765<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeAndSocialContributionTaxAssets">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of Deferred income and social contribution taxes on assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeAndSocialContributionTaxAssets</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_UpTo1YearMember</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From1To2YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From2To3YearsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From3To5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From3To5YearsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From5To7YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From5To7YearsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From7To10YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From7To10YearsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>106
<FILENAME>R99.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777318080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details 3) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesDetails4Abstract', window );"><strong>Income And Social Contribution Taxes Details 3</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates', window );">Income (loss) before taxes and share of profit (loss) of joint ventures, and associates</a></td>
<td class="nump">R$ 2,392,624<span></span>
</td>
<td class="nump">R$ 2,263,134<span></span>
</td>
<td class="nump">R$ 2,258,192<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Statutory tax rates</a></td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates', window );">Income and social contribution taxes at the statutory tax rates</a></td>
<td class="num">R$ (813,492)<span></span>
</td>
<td class="num">R$ (769,466)<span></span>
</td>
<td class="num">R$ (767,785)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract', window );"><strong>Adjustments to the statutory income and social contribution taxes:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense', window );">Nondeductible expenses</a></td>
<td class="num">(105,017)<span></span>
</td>
<td class="num">(57,961)<span></span>
</td>
<td class="num">(70,540)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NontaxableRevenues', window );">Nontaxable revenues</a></td>
<td class="nump">19,084<span></span>
</td>
<td class="nump">7,561<span></span>
</td>
<td class="nump">3,753<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdjustmentToEstimatedIncome', window );">Adjustment to estimated income</a></td>
<td class="nump">10,844<span></span>
</td>
<td class="nump">14,218<span></span>
</td>
<td class="nump">12,926<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestOnEquity', window );">Interest on equity</a></td>
<td class="num">(550)<span></span>
</td>
<td class="num">(364)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Other adjustments</a></td>
<td class="nump">1,104<span></span>
</td>
<td class="nump">7,108<span></span>
</td>
<td class="nump">4,874<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives', window );">Income and social contribution taxes before tax incentives</a></td>
<td class="num">(888,027)<span></span>
</td>
<td class="num">(798,904)<span></span>
</td>
<td class="num">(816,772)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxIncentives', window );">Tax incentives&#8212;SUDENE</a></td>
<td class="nump">48,598<span></span>
</td>
<td class="nump">98,912<span></span>
</td>
<td class="nump">82,436<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxes', window );">Income and social contribution taxes in the income statement</a></td>
<td class="num">(839,429)<span></span>
</td>
<td class="num">(699,992)<span></span>
</td>
<td class="num">(734,336)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Current</a></td>
<td class="num">(922,458)<span></span>
</td>
<td class="num">(800,497)<span></span>
</td>
<td class="num">(719,523)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncome', window );">Deferred</a></td>
<td class="nump">R$ 83,029<span></span>
</td>
<td class="nump">R$ 100,505<span></span>
</td>
<td class="num">R$ (14,813)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveIRPJAndCSLLRates', window );">Effective IRPJ and CSLL rates</a></td>
<td class="nump">35.00%<span></span>
</td>
<td class="nump">30.90%<span></span>
</td>
<td class="nump">32.50%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentToEstimatedIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustment to estimated income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentToEstimatedIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdjustmentsToStatutoryIncomeAndSocialContributionTaxesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EffectiveIRPJAndCSLLRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effective income tax and social contribution rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EffectiveIRPJAndCSLLRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax refers to annual taxes levied by the federal government. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Income and social contribution taxes at the statutory tax rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesAtStatutoryTaxRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Income and social contribution taxes before tax incentives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesBeforeTaxIncentives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesDetails4Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesDetails4Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Income before taxes and share of profit (loss) of joint ventures, and associates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeBeforeTaxesAndShareOfProfitLossOfJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestOnEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest on equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestOnEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NontaxableRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Nontaxable revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NontaxableRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxIncentives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Superintendency of Northeast Development - fiscal incentives focused on the development of the northeastern region of Brazil.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxIncentives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2016-03-30&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense exclusive of income tax expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxExpenseOtherThanIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792422384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details 4) - Subsidiary<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems', window );"><strong>SummaryOfIncomeAndSocialContributionTaxesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">&#160;Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Aracaju base (1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">&#160;Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Suape base<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">&#160;Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Mataripe base <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">&#160;Bahiana Distribuidora de G&#225;s Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Caucaia base <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Terminal Qu&#237;mico de Aratu S.A. &#150; Tequimar<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Suape terminal<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2020<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Terminal Qu&#237;mico de Aratu S.A. &#150; Tequimar<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Aratu terminal<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2022<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Terminal Qu&#237;mico de Aratu S.A. &#150; Tequimar<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Itaqui terminal <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2025<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Oleoqu&#237;mica Ind&#250;stria e Com&#233;rcio de Produtos Qu&#237;micos Ltda.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Cama&#231;ari plant<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2021<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Oxiteno Nordeste S.A. Ind&#250;stria e Com&#233;rcio<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Cama&#231;ari plant (2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2026<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Subsidiary', window );">Subsidiary</a></td>
<td class="text">Empresa Carioca de Produtos Qu&#237;micos S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BusinessUnit', window );">Units</a></td>
<td class="text">Cama&#231;ari plant (3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncentivePercentage', window );">Incentive percentage</a></td>
<td class="nump">75.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpirationYear', window );">Expiration</a></td>
<td class="text">2026<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BusinessUnit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Geographic location of the subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BusinessUnit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExpirationYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incentive Expiration date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExpirationYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncentivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incentive percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncentivePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_Subsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Entity's subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_Subsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfIncomeAndSocialContributionTaxesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary38Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary38Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary39Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary39Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary40Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary40Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary41Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary41Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary42Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary42Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary43Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary43Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary44Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary44Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary45Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary45Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary46Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary46Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary47Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=UGP_Subsidiary47Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>108
<FILENAME>R101.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760658544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>9. Income and Social Contribution Taxes (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract', window );"><strong>Income And Social Contribution Taxes Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxLossCarryforwards', window );">Tax loss carryforwards related to income tax</a></td>
<td class="nump">R$ 598,183<span></span>
</td>
<td class="nump">R$ 236,956<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax loss carryforwards related to income tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>109
<FILENAME>R102.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765308320">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>10. Prepaid expenses (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidExpensesDetailsAbstract', window );"><strong>Prepaid Expenses Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidRentExpense', window );">Rents</a></td>
<td class="nump">R$ 329,421<span></span>
</td>
<td class="nump">R$ 196,944<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidAdvertisingExpense', window );">Advertising and publicity</a></td>
<td class="nump">67,321<span></span>
</td>
<td class="nump">37,833<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidDeferredStockPlanExpense', window );">Deferred Stock Plan, net</a></td>
<td class="nump">37,591<span></span>
</td>
<td class="nump">44,719<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidInsuranceExpense', window );">Insurance premiums</a></td>
<td class="nump">39,629<span></span>
</td>
<td class="nump">46,896<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidSoftwareMaintenanceExpense', window );">Software maintenance</a></td>
<td class="nump">8,237<span></span>
</td>
<td class="nump">12,478<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherPrepaidExpenses', window );">Other prepaid expenses</a></td>
<td class="nump">14,733<span></span>
</td>
<td class="nump">7,531<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrepaidExpenses', window );">Prepaid expenses, total</a></td>
<td class="nump">496,932<span></span>
</td>
<td class="nump">346,401<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepaidExpenses', window );">Current</a></td>
<td class="nump">150,046<span></span>
</td>
<td class="nump">123,883<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentPrepaidExpenses', window );">Non-current</a></td>
<td class="nump">R$ 346,886<span></span>
</td>
<td class="nump">R$ 222,518<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a Non-current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidAdvertisingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Advertising and publicity recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidAdvertisingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidDeferredStockPlanExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred Stock Plan, net recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidDeferredStockPlanExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of Prepaid expenses recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidExpensesDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidExpensesDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidInsuranceExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Insurance premiums recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidInsuranceExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidRentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Rent recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidRentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrepaidSoftwareMaintenanceExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Software maintenance recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrepaidSoftwareMaintenanceExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>110
<FILENAME>R103.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6793232048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, beginning</a></td>
<td class="nump">R$ 116,142<span></span>
</td>
<td class="nump">R$ 79,377<span></span>
</td>
<td class="nump">R$ 54,508<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseJointVentures', window );">Capital increase</a></td>
<td class="nump">16,000<span></span>
</td>
<td class="nump">47,281<span></span>
</td>
<td class="nump">37,080<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdvanceForFutureCapitalIncrease', window );">Advance for Future Capital Increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ValuationAdjustmentsJointVentures', window );">Valuation adjustments</a></td>
<td class="nump">4,079<span></span>
</td>
<td class="num">(2,935)<span></span>
</td>
<td class="nump">1,535<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfJointVentures', window );">Share of profit (loss) of joint ventures</a></td>
<td class="nump">16,799<span></span>
</td>
<td class="nump">5,334<span></span>
</td>
<td class="num">(14,287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="num">(30,959)<span></span>
</td>
<td class="num">(12,915)<span></span>
</td>
<td class="num">(3,459)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, ending</a></td>
<td class="nump">122,061<span></span>
</td>
<td class="nump">116,142<span></span>
</td>
<td class="nump">79,377<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember', window );">Uniao Vopak</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, beginning</a></td>
<td class="nump">4,518<span></span>
</td>
<td class="nump">4,545<span></span>
</td>
<td class="nump">4,960<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseJointVentures', window );">Capital increase</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdvanceForFutureCapitalIncrease', window );">Advance for Future Capital Increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ValuationAdjustmentsJointVentures', window );">Valuation adjustments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfJointVentures', window );">Share of profit (loss) of joint ventures</a></td>
<td class="nump">1,578<span></span>
</td>
<td class="num">(27)<span></span>
</td>
<td class="nump">699<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(1,114)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, ending</a></td>
<td class="nump">6,096<span></span>
</td>
<td class="nump">4,518<span></span>
</td>
<td class="nump">4,545<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_RPRMember', window );">RPR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, beginning</a></td>
<td class="nump">45,409<span></span>
</td>
<td class="nump">31,514<span></span>
</td>
<td class="nump">24,076<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseJointVentures', window );">Capital increase</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdvanceForFutureCapitalIncrease', window );">Advance for Future Capital Increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ValuationAdjustmentsJointVentures', window );">Valuation adjustments</a></td>
<td class="nump">4,079<span></span>
</td>
<td class="num">(2,935)<span></span>
</td>
<td class="nump">1,535<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfJointVentures', window );">Share of profit (loss) of joint ventures</a></td>
<td class="nump">36,210<span></span>
</td>
<td class="nump">29,745<span></span>
</td>
<td class="nump">8,248<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="num">(30,959)<span></span>
</td>
<td class="num">(12,915)<span></span>
</td>
<td class="num">(2,345)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, ending</a></td>
<td class="nump">54,739<span></span>
</td>
<td class="nump">45,409<span></span>
</td>
<td class="nump">31,514<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_ConnectCarMember', window );">Connect Car</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, beginning</a></td>
<td class="nump">66,215<span></span>
</td>
<td class="nump">43,318<span></span>
</td>
<td class="nump">25,472<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseJointVentures', window );">Capital increase</a></td>
<td class="nump">16,000<span></span>
</td>
<td class="nump">47,281<span></span>
</td>
<td class="nump">37,080<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdvanceForFutureCapitalIncrease', window );">Advance for Future Capital Increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ValuationAdjustmentsJointVentures', window );">Valuation adjustments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfJointVentures', window );">Share of profit (loss) of joint ventures</a></td>
<td class="num">(20,989)<span></span>
</td>
<td class="num">(24,384)<span></span>
</td>
<td class="num">(23,234)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesJointVentures', window );">Joint ventures, ending</a></td>
<td class="nump">R$ 61,226<span></span>
</td>
<td class="nump">R$ 66,215<span></span>
</td>
<td class="nump">R$ 43,318<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdvanceForFutureCapitalIncrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash advance for future capital increase.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdvanceForFutureCapitalIncrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CapitalIncreaseJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire interests in joint ventures (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CapitalIncreaseJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInSubsidiariesJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of investments in joint-ventures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInSubsidiariesJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareOfProfitLossOfJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) from continuing operations of associates and joint ventures accounted for using the equity method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareOfProfitLossOfJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfJointVenturesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfJointVenturesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ValuationAdjustmentsJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Asset Valuation Adjustment is a correction of the amount presented in the balance sheet by an asset or liability, in relation to its fair value. This correction aims at expressing the patrimonial reality of a company.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ValuationAdjustmentsJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow representing dividends received from joint ventures, classified as investing activities. [Refer: Joint ventures [member]; Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_RPRMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_RPRMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_ConnectCarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_ConnectCarMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>111
<FILENAME>R104.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6762026240">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 15,201,291<span></span>
</td>
<td class="nump">R$ 13,011,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="nump">11,147,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="nump">5,486,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">11,605,502<span></span>
</td>
<td class="nump">10,114,166<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">9,720,832<span></span>
</td>
<td class="nump">8,558,558<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">80,007,422<span></span>
</td>
<td class="nump">77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">1,573,868<span></span>
</td>
<td class="nump">1,570,618<span></span>
</td>
<td class="nump">1,512,972<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember', window );">Uniao Vopak</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">7,110<span></span>
</td>
<td class="nump">4,228<span></span>
</td>
<td class="nump">3,360<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">6,627<span></span>
</td>
<td class="nump">6,383<span></span>
</td>
<td class="nump">7,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">1,210<span></span>
</td>
<td class="nump">700<span></span>
</td>
<td class="nump">1,570<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">336<span></span>
</td>
<td class="nump">876<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">12,191<span></span>
</td>
<td class="nump">9,035<span></span>
</td>
<td class="nump">9,090<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">15,260<span></span>
</td>
<td class="nump">12,030<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingExpenseAndIncomeCosts', window );">Costs, operating expenses and income</a></td>
<td class="num">(10,852)<span></span>
</td>
<td class="num">(12,430)<span></span>
</td>
<td class="num">(10,198)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="num">(1,252)<span></span>
</td>
<td class="nump">346<span></span>
</td>
<td class="num">(430)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 3,156<span></span>
</td>
<td class="num">R$ (54)<span></span>
</td>
<td class="nump">R$ 1,398<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NumberOfSharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">29,995<span></span>
</td>
<td class="nump">29,995<span></span>
</td>
<td class="nump">29,995<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PercentageOfCapitalHeld', window );">% of capital held</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_RPRMember', window );">RPR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 389,022<span></span>
</td>
<td class="nump">R$ 286,916<span></span>
</td>
<td class="nump">R$ 234,094<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">128,417<span></span>
</td>
<td class="nump">116,931<span></span>
</td>
<td class="nump">114,123<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">297,762<span></span>
</td>
<td class="nump">198,619<span></span>
</td>
<td class="nump">176,134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">54,821<span></span>
</td>
<td class="nump">68,467<span></span>
</td>
<td class="nump">77,172<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">164,856<span></span>
</td>
<td class="nump">136,761<span></span>
</td>
<td class="nump">94,911<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">5,067,950<span></span>
</td>
<td class="nump">1,490,516<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingExpenseAndIncomeCosts', window );">Costs, operating expenses and income</a></td>
<td class="num">(4,876,389)<span></span>
</td>
<td class="num">(1,361,551)<span></span>
</td>
<td class="num">(926,392)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="num">(82,498)<span></span>
</td>
<td class="num">(39,379)<span></span>
</td>
<td class="num">(20,768)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 109,063<span></span>
</td>
<td class="nump">R$ 89,586<span></span>
</td>
<td class="nump">R$ 27,647<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NumberOfSharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">5,078,888<span></span>
</td>
<td class="nump">5,078,888<span></span>
</td>
<td class="nump">5,078,888<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PercentageOfCapitalHeld', window );">% of capital held</a></td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=UGP_ConnectCarMember', window );">Connect Car</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfJointVenturesLineItems', window );"><strong>SummaryOfJointVenturesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 90,242<span></span>
</td>
<td class="nump">R$ 93,634<span></span>
</td>
<td class="nump">R$ 59,599<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">132,785<span></span>
</td>
<td class="nump">116,243<span></span>
</td>
<td class="nump">85,195<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">100,564<span></span>
</td>
<td class="nump">77,448<span></span>
</td>
<td class="nump">62,158<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">122,451<span></span>
</td>
<td class="nump">132,429<span></span>
</td>
<td class="nump">82,636<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">33,935<span></span>
</td>
<td class="nump">30,058<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingExpenseAndIncomeCosts', window );">Costs, operating expenses and income</a></td>
<td class="num">(100,444)<span></span>
</td>
<td class="num">(105,800)<span></span>
</td>
<td class="num">(89,431)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="nump">24,530<span></span>
</td>
<td class="nump">26,974<span></span>
</td>
<td class="nump">24,553<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">R$ (41,979)<span></span>
</td>
<td class="num">R$ (48,768)<span></span>
</td>
<td class="num">R$ (46,468)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NumberOfSharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">169,860,500<span></span>
</td>
<td class="nump">145,860,500<span></span>
</td>
<td class="nump">94,579,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PercentageOfCapitalHeld', window );">% of capital held</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net financial income and income and social contribution taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NumberOfSharesOrUnitsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares or units held classified as investiments regarding the joint-venture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NumberOfSharesOrUnitsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingExpenseAndIncomeCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Costs, operating expenses and income regarding the joint-venture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingExpenseAndIncomeCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PercentageOfCapitalHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of capital held classified as investiments regarding the joint-venture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PercentageOfCapitalHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfJointVenturesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfJointVenturesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_UniaoVopakMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_RPRMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_RPRMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=UGP_ConnectCarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=UGP_ConnectCarMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<SEQUENCE>112
<FILENAME>R105.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797279648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, beginning</a></td>
<td class="nump">R$ 22,731<span></span>
</td>
<td class="nump">R$ 21,537<span></span>
</td>
<td class="nump">R$ 13,143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseInAssociates', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,368<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="num">(1,264)<span></span>
</td>
<td class="num">(948)<span></span>
</td>
<td class="num">(5,377)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="nump">3,874<span></span>
</td>
<td class="nump">2,142<span></span>
</td>
<td class="nump">3,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">25,341<span></span>
</td>
<td class="nump">22,731<span></span>
</td>
<td class="nump">21,537<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_TransportadoraSulbrasileiraDeGasMember', window );">Transportadora Sulbrasileira de Gas</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, beginning</a></td>
<td class="nump">6,001<span></span>
</td>
<td class="nump">5,743<span></span>
</td>
<td class="nump">6,212<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseInAssociates', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="num">(865)<span></span>
</td>
<td class="num">(948)<span></span>
</td>
<td class="num">(1,924)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="nump">1,212<span></span>
</td>
<td class="nump">1,206<span></span>
</td>
<td class="nump">1,455<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">6,348<span></span>
</td>
<td class="nump">6,001<span></span>
</td>
<td class="nump">5,743<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember', window );">Oxicap Industria de Gases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, beginning</a></td>
<td class="nump">12,981<span></span>
</td>
<td class="nump">12,000<span></span>
</td>
<td class="nump">3,090<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseInAssociates', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,368<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3,453)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="nump">1,477<span></span>
</td>
<td class="nump">981<span></span>
</td>
<td class="nump">1,995<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">14,458<span></span>
</td>
<td class="nump">12,981<span></span>
</td>
<td class="nump">12,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember', window );">Quimica da Bahia Industria e Comercio</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, beginning</a></td>
<td class="nump">3,678<span></span>
</td>
<td class="nump">3,684<span></span>
</td>
<td class="nump">3,676<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseInAssociates', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="num">(60)<span></span>
</td>
<td class="num">(6)<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">3,618<span></span>
</td>
<td class="nump">3,678<span></span>
</td>
<td class="nump">3,684<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_MetalurgicaPlusMember', window );">Metalurgica Plus</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, beginning</a></td>
<td class="nump">71<span></span>
</td>
<td class="nump">110<span></span>
</td>
<td class="nump">165<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CapitalIncreaseInAssociates', window );">Capital increase</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="nump">269<span></span>
</td>
<td class="num">(39)<span></span>
</td>
<td class="num">(55)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">340<span></span>
</td>
<td class="nump">R$ 71<span></span>
</td>
<td class="nump">R$ 110<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_PlenogasDistribuidoraDeGasMember', window );">Plenogas Distribuidora de Gas</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends</a></td>
<td class="num">(399)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareOfProfitLossOfAssociates', window );">Share of profit (loss) of associates</a></td>
<td class="nump">976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInSubsidiariesInAssociates', window );">Associates, ending</a></td>
<td class="nump">R$ 577<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CapitalIncreaseInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire interests from associates (other than payments for those instruments considered to be cash equivalents or those held for dealing or trading purposes), classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CapitalIncreaseInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInSubsidiariesInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity, including an unincorporated entity such as a partnership, over which the investor has significant influence and that is neither a subsidiary nor an interest in a joint venture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInSubsidiariesInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareOfProfitLossOfAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) from continuing operations of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Continuing operations [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss) from continuing operations]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareOfProfitLossOfAssociates</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAssociatesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAssociatesLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow representing dividends received from associates, classified as investing activities. [Refer: Associates [member]; Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_TransportadoraSulbrasileiraDeGasMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_MetalurgicaPlusMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_PlenogasDistribuidoraDeGasMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777531216">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>11. Investments (Details 3) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 15,201,291<span></span>
</td>
<td class="nump">R$ 13,011,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">13,139,031<span></span>
</td>
<td class="nump">11,147,874<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">7,013,988<span></span>
</td>
<td class="nump">5,486,946<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">11,605,502<span></span>
</td>
<td class="nump">10,114,166<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">9,720,832<span></span>
</td>
<td class="nump">8,558,558<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">80,007,422<span></span>
</td>
<td class="nump">77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="nump">2,866,920<span></span>
</td>
<td class="nump">3,105,710<span></span>
</td>
<td class="nump">2,961,530<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">1,573,868<span></span>
</td>
<td class="nump">1,570,618<span></span>
</td>
<td class="nump">1,512,972<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_TransportadoraSulbrasileiraDeGasMember', window );">Transportadora Sulbrasileira de Gas</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">11,218<span></span>
</td>
<td class="nump">7,524<span></span>
</td>
<td class="nump">5,175<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">16,464<span></span>
</td>
<td class="nump">17,570<span></span>
</td>
<td class="nump">18,773<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">1,960<span></span>
</td>
<td class="nump">759<span></span>
</td>
<td class="nump">644<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">332<span></span>
</td>
<td class="nump">332<span></span>
</td>
<td class="nump">332<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">25,390<span></span>
</td>
<td class="nump">24,003<span></span>
</td>
<td class="nump">22,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">10,522<span></span>
</td>
<td class="nump">9,955<span></span>
</td>
<td class="nump">10,628<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="num">(5,649)<span></span>
</td>
<td class="num">(5,194)<span></span>
</td>
<td class="num">(4,703)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">63<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 4,873<span></span>
</td>
<td class="nump">R$ 4,824<span></span>
</td>
<td class="nump">R$ 5,918<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">20,124,996<span></span>
</td>
<td class="nump">20,124,996<span></span>
</td>
<td class="nump">20,124,996<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">% of capital held</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember', window );">Oxicap Industria de Gases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 45,061<span></span>
</td>
<td class="nump">R$ 28,358<span></span>
</td>
<td class="nump">R$ 13,390<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">74,612<span></span>
</td>
<td class="nump">70,034<span></span>
</td>
<td class="nump">79,203<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">12,338<span></span>
</td>
<td class="nump">7,125<span></span>
</td>
<td class="nump">8,682<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">7,920<span></span>
</td>
<td class="nump">5,226<span></span>
</td>
<td class="nump">4,371<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">99,424<span></span>
</td>
<td class="nump">86,041<span></span>
</td>
<td class="nump">79,540<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">52,709<span></span>
</td>
<td class="nump">52,751<span></span>
</td>
<td class="nump">42,799<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="num">(40,769)<span></span>
</td>
<td class="num">(39,539)<span></span>
</td>
<td class="num">(14,050)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="num">(2,144)<span></span>
</td>
<td class="num">(6,837)<span></span>
</td>
<td class="num">(9,973)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 9,796<span></span>
</td>
<td class="nump">R$ 6,375<span></span>
</td>
<td class="nump">R$ 18,776<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">1,987<span></span>
</td>
<td class="nump">1,987<span></span>
</td>
<td class="nump">1,987<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">% of capital held</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember', window );">Quimica da Bahia Industria e Comercio</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 67<span></span>
</td>
<td class="nump">R$ 220<span></span>
</td>
<td class="nump">R$ 73<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">10,278<span></span>
</td>
<td class="nump">10,246<span></span>
</td>
<td class="nump">10,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">3,110<span></span>
</td>
<td class="nump">3,109<span></span>
</td>
<td class="nump">3,109<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">7,235<span></span>
</td>
<td class="nump">7,356<span></span>
</td>
<td class="nump">7,367<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="num">(90)<span></span>
</td>
<td class="num">(60)<span></span>
</td>
<td class="num">(34)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="num">(31)<span></span>
</td>
<td class="nump">49<span></span>
</td>
<td class="nump">49<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">R$ (121)<span></span>
</td>
<td class="num">R$ (11)<span></span>
</td>
<td class="nump">R$ 15<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">1,493,120<span></span>
</td>
<td class="nump">1,493,120<span></span>
</td>
<td class="nump">1,493,120<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">% of capital held</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_MetalurgicaPlusMember', window );">Metalurgica Plus</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 175<span></span>
</td>
<td class="nump">R$ 169<span></span>
</td>
<td class="nump">R$ 759<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">1,695<span></span>
</td>
<td class="nump">1,682<span></span>
</td>
<td class="nump">1,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">422<span></span>
</td>
<td class="nump">21<span></span>
</td>
<td class="nump">403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">427<span></span>
</td>
<td class="nump">1,616<span></span>
</td>
<td class="nump">1,708<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">1,021<span></span>
</td>
<td class="nump">214<span></span>
</td>
<td class="nump">329<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="nump">673<span></span>
</td>
<td class="num">(189)<span></span>
</td>
<td class="num">(172)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="nump">179<span></span>
</td>
<td class="num">(19)<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 852<span></span>
</td>
<td class="num">R$ (208)<span></span>
</td>
<td class="num">R$ (164)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">3,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
<td class="nump">3,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">% of capital held</a></td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_PlenogasDistribuidoraDeGasMember', window );">Plenogas Distribuidora de Gas</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfAssociatesLineItems', window );"><strong>SummaryOfAssociatesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">R$ 505<span></span>
</td>
<td class="nump">R$ 1,178<span></span>
</td>
<td class="nump">R$ 691<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">2,821<span></span>
</td>
<td class="nump">2,821<span></span>
</td>
<td class="nump">2,830<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">93<span></span>
</td>
<td class="nump">53<span></span>
</td>
<td class="nump">101<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,500<span></span>
</td>
<td class="nump">1,667<span></span>
</td>
<td class="nump">1,777<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Shareholders&#8217; equity</a></td>
<td class="nump">1,733<span></span>
</td>
<td class="nump">2,279<span></span>
</td>
<td class="nump">1,643<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Costs, operating expenses and income</a></td>
<td class="nump">628<span></span>
</td>
<td class="nump">574<span></span>
</td>
<td class="nump">1,792<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes', window );">Net financial income and income and social contribution&#160;taxes</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">68<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">R$ 643<span></span>
</td>
<td class="nump">R$ 642<span></span>
</td>
<td class="nump">R$ 1,806<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesOrUnitsHeld', window );">Number of shares or units held</a></td>
<td class="nump">1,384,308<span></span>
</td>
<td class="nump">1,384,308<span></span>
</td>
<td class="nump">1,384,308<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests', window );">% of capital held</a></td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
<td class="nump">33.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net financial income and income and social contribution taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetFinancialIncomeAndIncomeAndSocialContributionTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SharesOrUnitsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares or units in a subsidiary held by non-controlling interests. [Refer: Subsidiaries [member]; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SharesOrUnitsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfAssociatesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfAssociatesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interests in a subsidiary held by non-controlling interests. [Refer: Subsidiaries [member]; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph 12<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_12_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_TransportadoraSulbrasileiraDeGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_TransportadoraSulbrasileiraDeGasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_OxicapIndustriaDeGasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_QuimicaDaBahiaIndustriaEComercioMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_MetalurgicaPlusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_MetalurgicaPlusMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_PlenogasDistribuidoraDeGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=UGP_PlenogasDistribuidoraDeGasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>114
<FILENAME>R107.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6801069792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>12. Property, Plant, and Equipment (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">R$ 5,787,982<span></span>
</td>
<td class="nump">R$ 5,438,895<span></span>
</td>
<td class="nump">R$ 5,091,971<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">1,284,827<span></span>
</td>
<td class="nump">1,039,377<span></span>
</td>
<td class="nump">826,772<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(628,594)<span></span>
</td>
<td class="num">(564,026)<span></span>
</td>
<td class="num">(516,783)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(3,561)<span></span>
</td>
<td class="num">(6,546)<span></span>
</td>
<td class="num">(1,641)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(49,343)<span></span>
</td>
<td class="num">(30,462)<span></span>
</td>
<td class="num">(49,033)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">43,952<span></span>
</td>
<td class="num">(89,256)<span></span>
</td>
<td class="nump">87,609<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">172,525<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">6,607,788<span></span>
</td>
<td class="nump">5,787,982<span></span>
</td>
<td class="nump">5,438,895<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">11,415,100<span></span>
</td>
<td class="nump">10,564,612<span></span>
</td>
<td class="nump">9,916,978<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">1,285,338<span></span>
</td>
<td class="nump">1,039,662<span></span>
</td>
<td class="nump">829,335<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(3,706)<span></span>
</td>
<td class="num">(9,999)<span></span>
</td>
<td class="num">(1,643)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(131,113)<span></span>
</td>
<td class="num">(89,371)<span></span>
</td>
<td class="num">(108,005)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">341,198<span></span>
</td>
<td class="num">(89,804)<span></span>
</td>
<td class="num">(72,053)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">260,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">13,167,063<span></span>
</td>
<td class="nump">11,415,100<span></span>
</td>
<td class="nump">10,564,612<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Land</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">520,575<span></span>
</td>
<td class="nump">524,159<span></span>
</td>
<td class="nump">476,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">4,319<span></span>
</td>
<td class="nump">157<span></span>
</td>
<td class="nump">45,843<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">16,039<span></span>
</td>
<td class="nump">218<span></span>
</td>
<td class="nump">3,077<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(969)<span></span>
</td>
<td class="num">(202)<span></span>
</td>
<td class="num">(4,947)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">4,574<span></span>
</td>
<td class="num">(3,757)<span></span>
</td>
<td class="nump">4,079<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">34,636<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">579,174<span></span>
</td>
<td class="nump">520,575<span></span>
</td>
<td class="nump">524,159<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Buildings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">1,440,204<span></span>
</td>
<td class="nump">1,382,603<span></span>
</td>
<td class="nump">1,275,728<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">10,677<span></span>
</td>
<td class="nump">11,597<span></span>
</td>
<td class="nump">14,521<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">95,630<span></span>
</td>
<td class="nump">68,989<span></span>
</td>
<td class="nump">86,725<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(12,409)<span></span>
</td>
<td class="num">(281)<span></span>
</td>
<td class="num">(4,060)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">32,998<span></span>
</td>
<td class="num">(22,704)<span></span>
</td>
<td class="nump">9,689<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">72,767<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">1,639,867<span></span>
</td>
<td class="nump">1,440,204<span></span>
</td>
<td class="nump">1,382,603<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Leasehold Improvements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">796,521<span></span>
</td>
<td class="nump">701,183<span></span>
</td>
<td class="nump">631,342<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">13,819<span></span>
</td>
<td class="nump">11,109<span></span>
</td>
<td class="nump">17,825<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">116,698<span></span>
</td>
<td class="nump">87,312<span></span>
</td>
<td class="nump">55,615<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(14,494)<span></span>
</td>
<td class="num">(3,078)<span></span>
</td>
<td class="num">(3,599)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">11<span></span>
</td>
<td class="num">(5)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">912,555<span></span>
</td>
<td class="nump">796,521<span></span>
</td>
<td class="nump">701,183<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Machinery and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">4,225,056<span></span>
</td>
<td class="nump">3,991,839<span></span>
</td>
<td class="nump">3,909,475<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">130,154<span></span>
</td>
<td class="nump">117,157<span></span>
</td>
<td class="nump">99,038<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">105,060<span></span>
</td>
<td class="nump">164,883<span></span>
</td>
<td class="nump">108,286<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(16,069)<span></span>
</td>
<td class="num">(10,209)<span></span>
</td>
<td class="num">(12,300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">277,730<span></span>
</td>
<td class="num">(38,614)<span></span>
</td>
<td class="num">(112,660)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">4,721,931<span></span>
</td>
<td class="nump">4,225,056<span></span>
</td>
<td class="nump">3,991,839<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Automotive fuel/lubricant distribution equipment and facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">2,429,079<span></span>
</td>
<td class="nump">2,282,462<span></span>
</td>
<td class="nump">2,096,563<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">131,134<span></span>
</td>
<td class="nump">113,162<span></span>
</td>
<td class="nump">121,746<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">78,568<span></span>
</td>
<td class="nump">56,213<span></span>
</td>
<td class="nump">81,386<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(29,935)<span></span>
</td>
<td class="num">(22,758)<span></span>
</td>
<td class="num">(17,233)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">112,229<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">2,721,075<span></span>
</td>
<td class="nump">2,429,079<span></span>
</td>
<td class="nump">2,282,462<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | LPG tanks and bottles</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">619,511<span></span>
</td>
<td class="nump">541,351<span></span>
</td>
<td class="nump">494,691<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">59,598<span></span>
</td>
<td class="nump">107,582<span></span>
</td>
<td class="nump">83,608<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(1,149)<span></span>
</td>
<td class="nump">1,435<span></span>
</td>
<td class="nump">2,777<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(34,263)<span></span>
</td>
<td class="num">(30,857)<span></span>
</td>
<td class="num">(39,725)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">643,697<span></span>
</td>
<td class="nump">619,511<span></span>
</td>
<td class="nump">541,351<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Vehicles</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">271,133<span></span>
</td>
<td class="nump">258,776<span></span>
</td>
<td class="nump">244,467<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">28,428<span></span>
</td>
<td class="nump">25,882<span></span>
</td>
<td class="nump">21,883<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">6,948<span></span>
</td>
<td class="nump">5,559<span></span>
</td>
<td class="nump">11,358<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(21,055)<span></span>
</td>
<td class="num">(18,575)<span></span>
</td>
<td class="num">(18,341)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">1,841<span></span>
</td>
<td class="num">(509)<span></span>
</td>
<td class="num">(591)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">287,295<span></span>
</td>
<td class="nump">271,133<span></span>
</td>
<td class="nump">258,776<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Furniture</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">204,550<span></span>
</td>
<td class="nump">170,695<span></span>
</td>
<td class="nump">156,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">35,078<span></span>
</td>
<td class="nump">27,319<span></span>
</td>
<td class="nump">14,198<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">10,775<span></span>
</td>
<td class="nump">8,955<span></span>
</td>
<td class="nump">4,888<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(834)<span></span>
</td>
<td class="num">(1,315)<span></span>
</td>
<td class="num">(440)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">10,756<span></span>
</td>
<td class="num">(1,104)<span></span>
</td>
<td class="num">(4,066)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">6,169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">266,494<span></span>
</td>
<td class="nump">204,550<span></span>
</td>
<td class="nump">170,695<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Construction in Progress</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">523,285<span></span>
</td>
<td class="nump">437,533<span></span>
</td>
<td class="nump">372,974<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">766,775<span></span>
</td>
<td class="nump">487,651<span></span>
</td>
<td class="nump">373,774<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(386,198)<span></span>
</td>
<td class="num">(384,335)<span></span>
</td>
<td class="num">(337,967)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(535)<span></span>
</td>
<td class="num">(2,550)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">10,192<span></span>
</td>
<td class="num">(17,029)<span></span>
</td>
<td class="nump">31,302<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">14,950<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">929,000<span></span>
</td>
<td class="nump">523,285<span></span>
</td>
<td class="nump">437,533<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Advances to Suppliers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">96,423<span></span>
</td>
<td class="nump">12,125<span></span>
</td>
<td class="nump">19,527<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">61,536<span></span>
</td>
<td class="nump">102,465<span></span>
</td>
<td class="nump">10,685<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(48,722)<span></span>
</td>
<td class="num">(13,781)<span></span>
</td>
<td class="num">(18,095)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">2,930<span></span>
</td>
<td class="num">(4,386)<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">112,167<span></span>
</td>
<td class="nump">96,423<span></span>
</td>
<td class="nump">12,125<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | Imports in progress</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">58<span></span>
</td>
<td class="nump">1,201<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">1,182<span></span>
</td>
<td class="nump">8,007<span></span>
</td>
<td class="nump">1,959<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(450)<span></span>
</td>
<td class="num">(8,895)<span></span>
</td>
<td class="num">(817)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(255)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">786<span></span>
</td>
<td class="nump">58<span></span>
</td>
<td class="nump">1,201<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember', window );">Cost | IT Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="nump">288,705<span></span>
</td>
<td class="nump">260,685<span></span>
</td>
<td class="nump">239,930<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">42,638<span></span>
</td>
<td class="nump">27,574<span></span>
</td>
<td class="nump">24,255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">3,095<span></span>
</td>
<td class="nump">3,448<span></span>
</td>
<td class="nump">1,124<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="num">(1,081)<span></span>
</td>
<td class="num">(1,561)<span></span>
</td>
<td class="num">(4,810)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">170<span></span>
</td>
<td class="num">(1,441)<span></span>
</td>
<td class="nump">186<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">19,495<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="nump">353,022<span></span>
</td>
<td class="nump">288,705<span></span>
</td>
<td class="nump">260,685<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(5,621,594)<span></span>
</td>
<td class="num">(5,118,732)<span></span>
</td>
<td class="num">(4,817,766)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(628,594)<span></span>
</td>
<td class="num">(564,026)<span></span>
</td>
<td class="num">(516,783)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">145<span></span>
</td>
<td class="nump">3,453<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">81,347<span></span>
</td>
<td class="nump">57,614<span></span>
</td>
<td class="nump">55,283<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(297,213)<span></span>
</td>
<td class="nump">97<span></span>
</td>
<td class="nump">160,532<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="num">(87,721)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(6,553,630)<span></span>
</td>
<td class="num">(5,621,594)<span></span>
</td>
<td class="num">(5,118,732)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Buildings</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(632,908)<span></span>
</td>
<td class="num">(591,831)<span></span>
</td>
<td class="num">(565,308)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(46,795)<span></span>
</td>
<td class="num">(43,778)<span></span>
</td>
<td class="num">(40,766)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">130<span></span>
</td>
<td class="nump">13<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">5,535<span></span>
</td>
<td class="nump">151<span></span>
</td>
<td class="nump">1,919<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(28,365)<span></span>
</td>
<td class="nump">2,537<span></span>
</td>
<td class="nump">12,309<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="num">(22,005)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(724,408)<span></span>
</td>
<td class="num">(632,908)<span></span>
</td>
<td class="num">(591,831)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Leasehold Improvements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(412,449)<span></span>
</td>
<td class="num">(359,117)<span></span>
</td>
<td class="num">(313,647)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(71,660)<span></span>
</td>
<td class="num">(55,913)<span></span>
</td>
<td class="num">(48,132)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(166)<span></span>
</td>
<td class="nump">339<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">8,624<span></span>
</td>
<td class="nump">2,235<span></span>
</td>
<td class="nump">2,661<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(475,651)<span></span>
</td>
<td class="num">(412,449)<span></span>
</td>
<td class="num">(359,117)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Machinery and Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(2,474,504)<span></span>
</td>
<td class="num">(2,241,244)<span></span>
</td>
<td class="num">(2,158,390)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(258,068)<span></span>
</td>
<td class="num">(242,419)<span></span>
</td>
<td class="num">(234,792)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(139)<span></span>
</td>
<td class="nump">3,099<span></span>
</td>
<td class="num">(240)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">10,174<span></span>
</td>
<td class="nump">9,536<span></span>
</td>
<td class="nump">9,005<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(257,629)<span></span>
</td>
<td class="num">(3,476)<span></span>
</td>
<td class="nump">143,173<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(2,980,166)<span></span>
</td>
<td class="num">(2,474,504)<span></span>
</td>
<td class="num">(2,241,244)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Automotive fuel/lubricant distribution equipment and facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(1,383,069)<span></span>
</td>
<td class="num">(1,270,797)<span></span>
</td>
<td class="num">(1,164,074)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(144,884)<span></span>
</td>
<td class="num">(130,613)<span></span>
</td>
<td class="num">(116,010)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(29)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">26,907<span></span>
</td>
<td class="nump">18,341<span></span>
</td>
<td class="nump">9,287<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="num">(44,731)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(1,545,806)<span></span>
</td>
<td class="num">(1,383,069)<span></span>
</td>
<td class="num">(1,270,797)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | LPG tanks and bottles</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(276,414)<span></span>
</td>
<td class="num">(249,234)<span></span>
</td>
<td class="num">(231,001)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(45,838)<span></span>
</td>
<td class="num">(40,941)<span></span>
</td>
<td class="num">(34,392)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">130<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(136)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">16,157<span></span>
</td>
<td class="nump">13,761<span></span>
</td>
<td class="nump">16,295<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(305,965)<span></span>
</td>
<td class="num">(276,414)<span></span>
</td>
<td class="num">(249,234)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Vehicles</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(101,082)<span></span>
</td>
<td class="num">(92,457)<span></span>
</td>
<td class="num">(90,004)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(21,740)<span></span>
</td>
<td class="num">(19,991)<span></span>
</td>
<td class="num">(15,769)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">80<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">369<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">12,365<span></span>
</td>
<td class="nump">11,234<span></span>
</td>
<td class="nump">12,126<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(1,823)<span></span>
</td>
<td class="nump">132<span></span>
</td>
<td class="nump">821<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(112,200)<span></span>
</td>
<td class="num">(101,082)<span></span>
</td>
<td class="num">(92,457)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | Furniture</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(120,747)<span></span>
</td>
<td class="num">(110,259)<span></span>
</td>
<td class="num">(105,483)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(15,128)<span></span>
</td>
<td class="num">(11,146)<span></span>
</td>
<td class="num">(10,050)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="num">(9)<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">594<span></span>
</td>
<td class="nump">868<span></span>
</td>
<td class="nump">323<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(9,275)<span></span>
</td>
<td class="num">(215)<span></span>
</td>
<td class="nump">4,951<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="num">(4,010)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(148,575)<span></span>
</td>
<td class="num">(120,747)<span></span>
</td>
<td class="num">(110,259)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember', window );">Accumulated depreciation | IT Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(220,421)<span></span>
</td>
<td class="num">(203,793)<span></span>
</td>
<td class="num">(189,859)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="num">(24,481)<span></span>
</td>
<td class="num">(19,225)<span></span>
</td>
<td class="num">(16,872)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">148<span></span>
</td>
<td class="num">(3)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">991<span></span>
</td>
<td class="nump">1,488<span></span>
</td>
<td class="nump">3,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(121)<span></span>
</td>
<td class="nump">1,112<span></span>
</td>
<td class="num">(722)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="num">(16,975)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(260,859)<span></span>
</td>
<td class="num">(220,421)<span></span>
</td>
<td class="num">(203,793)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember', window );">Provision for losses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(5,524)<span></span>
</td>
<td class="num">(6,985)<span></span>
</td>
<td class="num">(7,241)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="num">(511)<span></span>
</td>
<td class="num">(285)<span></span>
</td>
<td class="num">(2,563)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">423<span></span>
</td>
<td class="nump">1,295<span></span>
</td>
<td class="nump">3,689<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="num">(33)<span></span>
</td>
<td class="nump">451<span></span>
</td>
<td class="num">(870)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">(5,645)<span></span>
</td>
<td class="num">(5,524)<span></span>
</td>
<td class="num">(6,985)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember', window );">Provision for losses | Land</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
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<td class="num">(169)<span></span>
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<td class="num">(336)<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember', window );">Provision for losses | Advances to Suppliers</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="num">(83)<span></span>
</td>
<td class="num">(83)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(83)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Property, plant, and equipment, depreciation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Property, plant, and equipment, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa', window );">Property, plant, and equipment, opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, ending</a></td>
<td class="num">R$ (83)<span></span>
</td>
<td class="num">R$ (83)<span></span>
</td>
<td class="num">(83)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember', window );">Provision for losses | IT Equipment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems', window );"><strong>SummaryOfPropertyPlantAndEquipmentLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant, and equipment, beginning</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(683)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Property, plant, and equipment, additions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisposalsPropertyPlantAndEquipment', window );">Property, plant, and equipment, write-offs and disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment', window );">Property, plant, and equipment, effect of foreign currency exchange rate variation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>effects of foreign currency exchange rate variation on Property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EffectOfForeignCurrencyExchangeRateVariationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PropertyPlantAndEquipmentOpeningBalanceCblsa</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e_vii&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 75<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_75_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from disposals. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from transfers. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2016-01-13<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2016-03-30&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_PropertyPlantAndEquipmentCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_BuildingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LeaseholdImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_MachineryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_MachineryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_AutomotiveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_AutomotiveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_LPGTanksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_LPGTanksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_VehiclesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_FurnitureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_FurnitureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_AdvancesToSuppliersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_AdvancesToSuppliersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_ImportsInProgressMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_ImportsInProgressMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_ITEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=UGP_ITEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_AccumulatedDepreciationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_ProvisionForLossesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>115
<FILENAME>R108.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6778723200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Intangible Assets (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">R$ 3,371,599<span></span>
</td>
<td class="nump">R$ 3,293,935<span></span>
</td>
<td class="nump">R$ 3,158,113<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">801,971<span></span>
</td>
<td class="nump">651,171<span></span>
</td>
<td class="nump">609,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(571,711)<span></span>
</td>
<td class="num">(554,924)<span></span>
</td>
<td class="num">(490,464)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="num">(10,253)<span></span>
</td>
<td class="num">(4,631)<span></span>
</td>
<td class="num">(2,520)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(2,749)<span></span>
</td>
<td class="num">(78)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">2,253<span></span>
</td>
<td class="num">(11,203)<span></span>
</td>
<td class="nump">19,284<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">133,617<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">3,727,473<span></span>
</td>
<td class="nump">3,371,599<span></span>
</td>
<td class="nump">3,293,935<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">5,975,474<span></span>
</td>
<td class="nump">5,511,288<span></span>
</td>
<td class="nump">4,879,662<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">801,971<span></span>
</td>
<td class="nump">651,171<span></span>
</td>
<td class="nump">609,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">2,379<span></span>
</td>
<td class="num">(169,057)<span></span>
</td>
<td class="nump">376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="num">(3,151)<span></span>
</td>
<td class="num">(3,315)<span></span>
</td>
<td class="num">(346)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">3,960<span></span>
</td>
<td class="num">(14,613)<span></span>
</td>
<td class="nump">21,996<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">165,725<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">6,946,358<span></span>
</td>
<td class="nump">5,975,474<span></span>
</td>
<td class="nump">5,511,288<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">1,454,484<span></span>
</td>
<td class="nump">1,456,179<span></span>
</td>
<td class="nump">1,456,179<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1,695)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">123,673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">1,578,157<span></span>
</td>
<td class="nump">1,454,484<span></span>
</td>
<td class="nump">1,456,179<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">641,691<span></span>
</td>
<td class="nump">539,522<span></span>
</td>
<td class="nump">451,936<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">207,703<span></span>
</td>
<td class="nump">99,734<span></span>
</td>
<td class="nump">82,612<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">2,447<span></span>
</td>
<td class="nump">7,601<span></span>
</td>
<td class="nump">453<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="num">(1,193)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
<td class="num">(59)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">2,431<span></span>
</td>
<td class="num">(5,159)<span></span>
</td>
<td class="nump">4,580<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">853,079<span></span>
</td>
<td class="nump">641,691<span></span>
</td>
<td class="nump">539,522<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Technology</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">32,617<span></span>
</td>
<td class="nump">32,617<span></span>
</td>
<td class="nump">32,617<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">32,617<span></span>
</td>
<td class="nump">32,617<span></span>
</td>
<td class="nump">32,617<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Commercial property rights</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">43,258<span></span>
</td>
<td class="nump">36,588<span></span>
</td>
<td class="nump">31,881<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">13,837<span></span>
</td>
<td class="nump">7,303<span></span>
</td>
<td class="nump">4,994<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="num">(68)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="num">(1,958)<span></span>
</td>
<td class="num">(633)<span></span>
</td>
<td class="num">(287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">55,069<span></span>
</td>
<td class="nump">43,258<span></span>
</td>
<td class="nump">36,588<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Distribution rights</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">3,651,316<span></span>
</td>
<td class="nump">3,278,487<span></span>
</td>
<td class="nump">2,762,985<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">580,011<span></span>
</td>
<td class="nump">543,527<span></span>
</td>
<td class="nump">515,502<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(170,698)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">42,052<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">4,273,379<span></span>
</td>
<td class="nump">3,651,316<span></span>
</td>
<td class="nump">3,278,487<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Brands</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">112,936<span></span>
</td>
<td class="nump">120,944<span></span>
</td>
<td class="nump">105,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">607<span></span>
</td>
<td class="num">(8,008)<span></span>
</td>
<td class="nump">15,484<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">113,543<span></span>
</td>
<td class="nump">112,936<span></span>
</td>
<td class="nump">120,944<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember', window );">Cost | Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="nump">39,172<span></span>
</td>
<td class="nump">46,951<span></span>
</td>
<td class="nump">38,606<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">420<span></span>
</td>
<td class="nump">607<span></span>
</td>
<td class="nump">6,492<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(5,960)<span></span>
</td>
<td class="num">(79)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(980)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">922<span></span>
</td>
<td class="num">(1,446)<span></span>
</td>
<td class="nump">1,932<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="nump">40,514<span></span>
</td>
<td class="nump">39,172<span></span>
</td>
<td class="nump">46,951<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(2,603,875)<span></span>
</td>
<td class="num">(2,217,353)<span></span>
</td>
<td class="num">(1,721,549)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(571,711)<span></span>
</td>
<td class="num">(554,924)<span></span>
</td>
<td class="num">(490,464)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="num">(12,632)<span></span>
</td>
<td class="nump">164,426<span></span>
</td>
<td class="num">(2,896)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">3,148<span></span>
</td>
<td class="nump">566<span></span>
</td>
<td class="nump">268<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="num">(1,707)<span></span>
</td>
<td class="nump">3,410<span></span>
</td>
<td class="num">(2,712)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="num">(32,108)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">(3,218,885)<span></span>
</td>
<td class="num">(2,603,875)<span></span>
</td>
<td class="num">(2,217,353)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization | Software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(396,702)<span></span>
</td>
<td class="num">(350,760)<span></span>
</td>
<td class="num">(303,780)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(59,579)<span></span>
</td>
<td class="num">(49,380)<span></span>
</td>
<td class="num">(44,346)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">1,191<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="num">(1,704)<span></span>
</td>
<td class="nump">3,433<span></span>
</td>
<td class="num">(2,693)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">(456,799)<span></span>
</td>
<td class="num">(396,702)<span></span>
</td>
<td class="num">(350,760)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization | Technology</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(32,469)<span></span>
</td>
<td class="num">(31,256)<span></span>
</td>
<td class="num">(29,471)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(72)<span></span>
</td>
<td class="num">(1,213)<span></span>
</td>
<td class="num">(1,785)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">(32,541)<span></span>
</td>
<td class="num">(32,469)<span></span>
</td>
<td class="num">(31,256)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization | Commercial property rights</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(19,568)<span></span>
</td>
<td class="num">(16,979)<span></span>
</td>
<td class="num">(14,545)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(3,689)<span></span>
</td>
<td class="num">(3,148)<span></span>
</td>
<td class="num">(2,643)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">1,957<span></span>
</td>
<td class="nump">559<span></span>
</td>
<td class="nump">209<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">(21,292)<span></span>
</td>
<td class="num">(19,568)<span></span>
</td>
<td class="num">(16,979)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization | Distribution rights</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(2,131,826)<span></span>
</td>
<td class="num">(1,802,989)<span></span>
</td>
<td class="num">(1,366,128)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(500,488)<span></span>
</td>
<td class="num">(493,348)<span></span>
</td>
<td class="num">(433,869)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="num">(12,635)<span></span>
</td>
<td class="nump">164,511<span></span>
</td>
<td class="num">(2,992)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="num">(32,108)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">(2,677,057)<span></span>
</td>
<td class="num">(2,131,826)<span></span>
</td>
<td class="num">(1,802,989)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember', window );">Accumulated amortization | Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, beginning</a></td>
<td class="num">(23,310)<span></span>
</td>
<td class="num">(15,369)<span></span>
</td>
<td class="num">(7,625)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAdditions', window );">Intangible assets, additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsAmortization', window );">Intangible assets, amortization</a></td>
<td class="num">(7,883)<span></span>
</td>
<td class="num">(7,835)<span></span>
</td>
<td class="num">(7,821)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsTransfer', window );">Intangible assets, transfer</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(83)<span></span>
</td>
<td class="nump">96<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsWriteoffsAndDisposals', window );">Intangible assets, write-offs and disposals</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation', window );">Intangible assets, effect of foreign currency exchange rate variation</a></td>
<td class="num">(3)<span></span>
</td>
<td class="num">(23)<span></span>
</td>
<td class="num">(19)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA', window );">Opening balance CBLSA</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, ending balance</a></td>
<td class="num">R$ (31,196)<span></span>
</td>
<td class="num">R$ (23,310)<span></span>
</td>
<td class="num">R$ (15,369)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additions of Intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization regarding Intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Intangible assets, effect of foreign currency exchange rate variation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsEffectOfForeignCurrencyExchangeRateVariation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsOpeningOpeningBalanceCBLSA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsTransfer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Intangible assets, transfer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsTransfer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsWriteoffsAndDisposals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of write-offs and disposals of Intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsWriteoffsAndDisposals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_SoftwareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_SoftwareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_TechnologyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_TechnologyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_CommercialPropertyRightsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_CommercialPropertyRightsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_DistributionRightsAssetMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_DistributionRightsAssetMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_BrandsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=UGP_BrandsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_OtherIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_OtherIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=UGP_IntangibleAssetsAccumulatedAmortizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>116
<FILENAME>R109.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6762060400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Intangible Assets (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 1,578,157<span></span>
</td>
<td class="nump">R$ 1,454,484<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember', window );">Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 661,553<span></span>
</td>
<td class="nump">661,553<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Extrafarma<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember', window );">Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 276,724<span></span>
</td>
<td class="nump">276,724<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UniaoTerminaisMember', window );">UniaoTerminais</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 211,089<span></span>
</td>
<td class="nump">211,089<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ultracargo<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_CBLSAMember', window );">CBLSA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 123,673<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_TexacoMember', window );">Texaco</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 177,759<span></span>
</td>
<td class="nump">177,759<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OxitenoUruguayMember', window );">Oxiteno Uruguay</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 44,856<span></span>
</td>
<td class="nump">44,856<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_TemmarMember', window );">Temmar</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 43,781<span></span>
</td>
<td class="nump">43,781<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ultracargo<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_DNPMember', window );">DNP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 24,736<span></span>
</td>
<td class="nump">24,736<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ipiranga<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_RepsolMember', window );">Repsol</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 13,403<span></span>
</td>
<td class="nump">13,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Ultragaz<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfIntangibleAssetsLineItems', window );"><strong>SummaryOfIntangibleAssetsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill', window );">Goodwill</a></td>
<td class="nump">R$ 583<span></span>
</td>
<td class="nump">R$ 583<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GoodwillAcquisitionSegment', window );">Segment</a></td>
<td class="text">Oxiteno<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AcquisitionsThroughBusinessCombinationsGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose the carrying amount of goodwill allocated to the unit (group of units).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AcquisitionsThroughBusinessCombinationsGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GoodwillAcquisitionSegment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GoodwillAcquisitionSegment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfIntangibleAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfIntangibleAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UniaoTerminaisMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UniaoTerminaisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_CBLSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_CBLSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_TexacoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_TexacoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OxitenoUruguayMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OxitenoUruguayMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_TemmarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_TemmarMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_DNPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_DNPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_RepsolMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_RepsolMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>117
<FILENAME>R110.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760483392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>13. Intangible Assets (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntangibleAssetsDetails2Abstract', window );"><strong>Intangible Assets Details 2</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation', window );">Inventories and cost of products and services sold</a></td>
<td class="nump">R$ 29,344<span></span>
</td>
<td class="nump">R$ 14,593<span></span>
</td>
<td class="nump">R$ 11,522<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SellingAndMarketingAmortisation', window );">Selling and marketing</a></td>
<td class="nump">484,609<span></span>
</td>
<td class="nump">492,973<span></span>
</td>
<td class="nump">436,253<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GeneralAndAdministrativeAmortisation', window );">General and administrative</a></td>
<td class="nump">57,758<span></span>
</td>
<td class="nump">47,358<span></span>
</td>
<td class="nump">42,689<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Total, amortization</a></td>
<td class="nump">R$ 571,711<span></span>
</td>
<td class="nump">R$ 554,924<span></span>
</td>
<td class="nump">R$ 490,464<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GeneralAndAdministrativeAmortisation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation expense recognized as General and administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GeneralAndAdministrativeAmortisation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntangibleAssetsDetails2Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntangibleAssetsDetails2Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation expense recognized as Inventories and cost of products and services sold.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InventoriesAndCostOfProductsAndServicesSoldAmortisation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SellingAndMarketingAmortisation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation expense recognized as Selling and marketing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SellingAndMarketingAmortisation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation expense. Amortisation is the systematic allocation of depreciable amounts of intangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>118
<FILENAME>R111.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6795572384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 4,344,456<span></span>
</td>
<td class="nump">R$ 4,663,924<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">9,082,389<span></span>
</td>
<td class="nump">6,550,849<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TotalForeignCurrencyAndBrazilianReais', window );">Total foreign currency and Brazilian Reais</a></td>
<td class="nump">13,426,845<span></span>
</td>
<td class="nump">11,214,773<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">163,749<span></span>
</td>
<td class="nump">202,357<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDebt', window );">Total</a></td>
<td class="nump">13,590,594<span></span>
</td>
<td class="nump">11,417,130<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrentDebt', window );">Current</a></td>
<td class="nump">3,503,675<span></span>
</td>
<td class="nump">2,475,604<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Non-current</a></td>
<td class="nump">R$ 10,086,919<span></span>
</td>
<td class="nump">R$ 8,941,526<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan1Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Notes in the foreign market (b)(*)<span></span>
</td>
<td class="text">Notes in the foreign market (b)(*)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 2,454,142<span></span>
</td>
<td class="nump">R$ 2,412,112<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">5.3<span></span>
</td>
<td class="text">5.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2026<span></span>
</td>
<td class="text">2026<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan2Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Foreign loan (c.1)(*)<span></span>
</td>
<td class="text">Foreign loan (c.1)(*)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 788,794<span></span>
</td>
<td class="nump">R$ 942,456<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">1<span></span>
</td>
<td class="text">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018&#160;to&#160;2022<span></span>
</td>
<td class="text">2018&#160;to&#160;2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan3Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Foreign loan (c.1)(*)<span></span>
</td>
<td class="text">Foreign loan (c.1)(*)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 298,927<span></span>
</td>
<td class="nump">R$ 332,650<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">1.9<span></span>
</td>
<td class="text">1.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan4Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Foreign loan (c.2, c.3 and c.4)<span></span>
</td>
<td class="text">Foreign loan (c.2, c.3 and c.4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 259,015<span></span>
</td>
<td class="nump">R$ 486,451<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.2<span></span>
</td>
<td class="text">2.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan5Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Financial institutions (e)<span></span>
</td>
<td class="text">Financial institutions (e)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 330,755<span></span>
</td>
<td class="nump">R$ 195,021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
<td class="text">US$&#160;+&#160;LIBOR&#160;(i)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.5<span></span>
</td>
<td class="text">2.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2019 to 2022<span></span>
</td>
<td class="text">2019 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan6Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Financial institutions (e)<span></span>
</td>
<td class="text">Financial institutions (e)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 106,745<span></span>
</td>
<td class="nump">R$ 109,859<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.8<span></span>
</td>
<td class="text">2.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2022<span></span>
</td>
<td class="text">2018 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan7Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Financial institutions (e)<span></span>
</td>
<td class="text">Financial institutions (e)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 27,048<span></span>
</td>
<td class="nump">R$ 24,586<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">MX$&#160;(ii)<span></span>
</td>
<td class="text">MX$&#160;(ii)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">8.5<span></span>
</td>
<td class="text">8.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan8Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Foreign currency advances delivered<span></span>
</td>
<td class="text">Foreign currency advances delivered<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 26,080<span></span>
</td>
<td class="nump">R$ 32,582<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.2<span></span>
</td>
<td class="text">2.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">< 54 days<span></span>
</td>
<td class="text">< 54 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan9Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Advances on foreign exchange contracts<span></span>
</td>
<td class="text">Advances on foreign exchange contracts<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 44,515<span></span>
</td>
<td class="nump">R$ 111,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.4<span></span>
</td>
<td class="text">2.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">< 92 days<span></span>
</td>
<td class="text">< 92 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan10Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES (d)<span></span>
</td>
<td class="text">BNDES (d)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 4,460<span></span>
</td>
<td class="nump">R$ 7,137<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">US$<span></span>
</td>
<td class="text">US$<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">6.4<span></span>
</td>
<td class="text">6.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2020<span></span>
</td>
<td class="text">2018 to 2020<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan11Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Financial institutions (e)<span></span>
</td>
<td class="text">Financial institutions (e)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 3,382<span></span>
</td>
<td class="nump">R$ 9,569<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">MX$&#160;+&#160;TIIE&#160;(ii)<span></span>
</td>
<td class="text">MX$&#160;+&#160;TIIE&#160;(ii)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">1.5<span></span>
</td>
<td class="text">1.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan12Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Financial institutions (e)<span></span>
</td>
<td class="text">Financial institutions (e)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyDenominatedLoans', window );">Foreign currency - denominated loans</a></td>
<td class="nump">R$ 593<span></span>
</td>
<td class="nump">R$ 435<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">Bs$&#160;(vii)<span></span>
</td>
<td class="text">Bs$&#160;(vii)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">24<span></span>
</td>
<td class="text">24<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan13Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Debentures&#151;Ipiranga (g.1, g.2, g.4 and g.6)<span></span>
</td>
<td class="text">Debentures&#151;Ipiranga (g.1, g.2, g.4 and g.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 2,836,741<span></span>
</td>
<td class="nump">R$ 1,914,498<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">CDI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">105.8<span></span>
</td>
<td class="text">105.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2022<span></span>
</td>
<td class="text">2018 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan14Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Banco do Brasil &#150; floating rate (f)<span></span>
</td>
<td class="text">Banco do Brasil &#150; floating rate (f)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 2,794,272<span></span>
</td>
<td class="nump">R$ 2,956,547<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">107.3<span></span>
</td>
<td class="text">107.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2021<span></span>
</td>
<td class="text">2018 to 2021<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan15Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Debentures&#151;5th issuance (g.3)<span></span>
</td>
<td class="text">Debentures&#151;5th issuance (g.3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 817,654<span></span>
</td>
<td class="nump">R$ 832,383<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">CDI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">108.3<span></span>
</td>
<td class="text">108.3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan16Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Debentures &#150; CRA (g.5)<span></span>
</td>
<td class="text">Debentures &#150; CRA (g.5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 1,380,852<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">95<span></span>
</td>
<td class="text">95<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2022<span></span>
</td>
<td class="text">2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan17Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Debentures &#150; CRA (g.5)(*)<span></span>
</td>
<td class="text">Debentures &#150; CRA (g.5)(*)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 554,402<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">IPCA<span></span>
</td>
<td class="text">IPCA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">4.6<span></span>
</td>
<td class="text">4.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2024<span></span>
</td>
<td class="text">2024<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan18Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES (d)<span></span>
</td>
<td class="text">BNDES (d)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 206,423<span></span>
</td>
<td class="nump">R$ 307,593<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.4<span></span>
</td>
<td class="text">2.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2023<span></span>
</td>
<td class="text">2018 to 2023<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan19Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Export Credit Note &#150; floating rate (h)<span></span>
</td>
<td class="text">Export Credit Note &#150; floating rate (h)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 157,749<span></span>
</td>
<td class="nump">R$ 158,753<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">CDI<span></span>
</td>
<td class="text">CDI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">101.5<span></span>
</td>
<td class="text">101.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan20Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES (d)<span></span>
</td>
<td class="text">BNDES (d)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 69,422<span></span>
</td>
<td class="nump">R$ 71,430<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">SELIC&#160;(vi)<span></span>
</td>
<td class="text">SELIC&#160;(vi)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">2.3<span></span>
</td>
<td class="text">2.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2023<span></span>
</td>
<td class="text">2018 to 2023<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan21Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES EXIM<span></span>
</td>
<td class="text">BNDES EXIM<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 62,754<span></span>
</td>
<td class="nump">R$ 62,084<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">3.5<span></span>
</td>
<td class="text">3.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan22Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Finance leases (i)<span></span>
</td>
<td class="text">Finance leases (i)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 48,515<span></span>
</td>
<td class="nump">R$ 48,566<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">IGP-M&#160;(v)<span></span>
</td>
<td class="text">IGP-M&#160;(v)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">5.6<span></span>
</td>
<td class="text">5.6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2031<span></span>
</td>
<td class="text">2018 to 2031<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan23Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">FINEP<span></span>
</td>
<td class="text">FINEP<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 35,611<span></span>
</td>
<td class="nump">R$ 48,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">R$<span></span>
</td>
<td class="text">R$<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">4<span></span>
</td>
<td class="text">4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2022<span></span>
</td>
<td class="text">2018 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan24Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">FINEP<span></span>
</td>
<td class="text">FINEP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 32,682<span></span>
</td>
<td class="nump">R$ 34,613<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">1<span></span>
</td>
<td class="text">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2023<span></span>
</td>
<td class="text">2018 to 2023<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan25Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Banco do Nordeste do Brasil<span></span>
</td>
<td class="text">Banco do Nordeste do Brasil<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 28,136<span></span>
</td>
<td class="nump">R$ 47,120<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">R$<span></span>
</td>
<td class="text">R$<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">8.5<span></span>
</td>
<td class="text">8.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2021<span></span>
</td>
<td class="text">2018 to 2021<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan26Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES EXIM<span></span>
</td>
<td class="text">BNDES EXIM<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 30,850<span></span>
</td>
<td class="nump">R$ 28,056<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">SELIC&#160;(vi)<span></span>
</td>
<td class="text">SELIC&#160;(vi)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">3.9<span></span>
</td>
<td class="text">3.9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018<span></span>
</td>
<td class="text">2018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan27Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">BNDES (d)<span></span>
</td>
<td class="text">BNDES (d)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 26,270<span></span>
</td>
<td class="nump">R$ 40,309<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">R$<span></span>
</td>
<td class="text">R$<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">5.6<span></span>
</td>
<td class="text">5.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2022<span></span>
</td>
<td class="text">2018 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan28Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">FINAME<span></span>
</td>
<td class="text">FINAME<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 56<span></span>
</td>
<td class="nump">R$ 80<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanIndexCurrency', window );">Index/Currency</a></td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
<td class="text">TJLP&#160;(iii)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageFinancialChargesLoans', window );">Weighted average financial charges</a></td>
<td class="text">5.7<span></span>
</td>
<td class="text">5.7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityDate', window );">Maturity</a></td>
<td class="text">2018 to 2022<span></span>
</td>
<td class="text">2018 to 2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan29Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Fixed finance leases (i)<span></span>
</td>
<td class="text">Fixed finance leases (i)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 41<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan30Member', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanDescription', window );">Description</a></td>
<td class="text">Floating finance leases (i)<span></span>
</td>
<td class="text">Floating finance leases (i)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BrazilianRealDenominatedLoans', window );">Brazilian Real - denominated loans</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 109<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BrazilianRealDenominatedLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BrazilianRealDenominatedLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrencyInterestRateHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Currency and interest rate hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrencyInterestRateHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrentDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrentDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignCurrencyDenominatedLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignCurrencyDenominatedLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanIndexCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanIndexCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanMaturityDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An entity shall disclose a maturity analysis for non-derivative and derivative financial liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanMaturityDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TotalForeignCurrencyAndBrazilianReais">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TotalForeignCurrencyAndBrazilianReais</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageFinancialChargesLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageFinancialChargesLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan5Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan5Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan6Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan6Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan7Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan7Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan8Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan8Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan9Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan9Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan10Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan10Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan11Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan11Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan12Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan12Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan13Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan13Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan14Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan14Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan15Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan16Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan16Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan17Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan17Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan18Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan18Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan19Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan19Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan20Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan20Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan21Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan21Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan22Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan22Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan23Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan23Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan24Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan24Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan25Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan25Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan26Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan26Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan27Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan27Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan28Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan28Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan29Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan29Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan30Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=UGP_Loan30Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>119
<FILENAME>R112.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609710080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 1)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract', window );"><strong>Loans Debentures And Finance Leases Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansDebenturesAndFinanceLeases', window );">Loans, debentures and finance leases, beginning</a></td>
<td class="nump">R$ 11,214,773<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsLoansAndDebenturesWithCashEffect', window );">New loans and debentures with cash effect</a></td>
<td class="nump">4,510,694<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoandsAndDebenturesInterestAccrued', window );">Interest accrued</a></td>
<td class="nump">925,421<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PrincipalPaymentAndFinancialLeases', window );">Principal payment and financial leases</a></td>
<td class="num">(2,467,391)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAndDebenturesInterestPayment', window );">Interest payment</a></td>
<td class="num">(769,740)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAndDebenturesMonetaryVariation', window );">Monetary variation</a></td>
<td class="nump">37,937<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansAndDebenturesChangeInFairValue', window );">Change in fair value</a></td>
<td class="num">(24,849)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansDebenturesAndFinanceLeases', window );">Loans, debentures and finance leases, ending</a></td>
<td class="nump">R$ 13,426,845<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionsLoansAndDebenturesWithCashEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionsLoansAndDebenturesWithCashEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoandsAndDebenturesInterestAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoandsAndDebenturesInterestAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansAndDebenturesChangeInFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansAndDebenturesChangeInFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansAndDebenturesInterestPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansAndDebenturesInterestPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansAndDebenturesMonetaryVariation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansAndDebenturesMonetaryVariation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansDebenturesAndFinanceLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansDebenturesAndFinanceLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansDebenturesAndFinanceLeasesDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PrincipalPaymentAndFinancialLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity shall disclose information that enables users of the financial statements to evaluate changes in liabilities arising from financing activities, including changes in cash flows and non-cash flows (IAS 7).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PrincipalPaymentAndFinancialLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>120
<FILENAME>R113.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782190544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">R$ 10,086,919<span></span>
</td>
<td class="nump">R$ 8,941,526<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember', window );">From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">1,826,907<span></span>
</td>
<td class="nump">3,203,383<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember', window );">From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">894,640<span></span>
</td>
<td class="nump">1,699,009<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember', window );">From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">1,302,450<span></span>
</td>
<td class="nump">693,993<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember', window );">From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">3,016,406<span></span>
</td>
<td class="nump">554,162<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember', window );">More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentDebt', window );">Long term consolidated debt</a></td>
<td class="nump">R$ 3,046,516<span></span>
</td>
<td class="nump">R$ 2,790,979<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Loans, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From1To2YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From2To3YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From3To4YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From4To5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>121
<FILENAME>R114.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6613104128">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 3)<br> R$ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityAmount', window );">Loan maturity, amount</a></td>
<td class="nump">R$ 320.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageCostInPercentageOfCdi', window );">Cost in percentage of CDI</a></td>
<td class="nump">R$ 102.9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanAxis=UGP_ForeignLoanOneMember', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityDate', window );">Loan maturity, date</a></td>
<td class="text">18-Jul<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityAmount', window );">Loan maturity, amount</a></td>
<td class="nump">R$ 60.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageCostInPercentageOfCdi', window );">Cost in percentage of CDI</a></td>
<td class="nump">R$ 103.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanAxis=UGP_ForeignLoanTwoMember', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityDate', window );">Loan maturity, date</a></td>
<td class="text">18-Sep<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityAmount', window );">Loan maturity, amount</a></td>
<td class="nump">R$ 80.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageCostInPercentageOfCdi', window );">Cost in percentage of CDI</a></td>
<td class="nump">R$ 101.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanAxis=UGP_ForeignLoanThreeMember', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityDate', window );">Loan maturity, date</a></td>
<td class="text">18-Nov<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityAmount', window );">Loan maturity, amount</a></td>
<td class="nump">R$ 80.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageCostInPercentageOfCdi', window );">Cost in percentage of CDI</a></td>
<td class="nump">R$ 101.4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanAxis=UGP_ForeignLoanFourMember', window );">Loan</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityDate', window );">Loan maturity, date</a></td>
<td class="text">22-Jun<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignLoanMaturityAmount', window );">Loan maturity, amount</a></td>
<td class="nump">R$ 100.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageCostInPercentageOfCdi', window );">Cost in percentage of CDI</a></td>
<td class="nump">R$ 105.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AverageCostInPercentageOfCdi">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cost in percentage of CDI.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AverageCostInPercentageOfCdi</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignLoanMaturityAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>long-term consolidated debt had the following principal maturity amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanMaturityAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignLoanMaturityDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>long-term consolidated debt had the following principal maturity schedule.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanMaturityDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanAxis=UGP_ForeignLoanOneMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanAxis=UGP_ForeignLoanTwoMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanAxis=UGP_ForeignLoanThreeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignLoanAxis=UGP_ForeignLoanFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignLoanAxis=UGP_ForeignLoanFourMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>122
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782299168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 4)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">R$ 2,794,272<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">5,589,649<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityThreeMember', window );">January 2018</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">172,798<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityFourMember', window );">April 2018</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">100,571<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityFiveMember', window );">February 2019</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">168,392<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturitySixMember', window );">May 2019</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">1,338,979<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturitySevenMember', window );">May 2020</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">337,844<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityEightMember', window );">May 2021</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">337,844<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityNineMember', window );">May 2022</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanMaturityBancoDeBrasil', window );">Loan maturity, Banco de Brasil</a></td>
<td class="nump">337,844<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityTenMember', window );">March 2018</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">817,654<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityElevenMember', window );">December 2018</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">801,026<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityTwelveMember', window );">May 2021</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">499,012<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityThirteenMember', window );">April 2022</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">656,009<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityFourteenMember', window );">July 2022</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">1,536,704<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturityFifteenMember', window );">October 2022</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">724,841<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturitySixteenMember', window );">April 2024</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">350,873<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=UGP_MaturitySeventeenMember', window );">October 2024</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansLineItems', window );"><strong>SummaryOfLoansLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_Debentures', window );">Debentures</a></td>
<td class="nump">R$ 203,530<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_Debentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_Debentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanMaturityBancoDeBrasil">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>long-term consolidated debt had the following principal maturity amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanMaturityBancoDeBrasil</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityFourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityFiveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityFiveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturitySixMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturitySixMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturitySevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturitySevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityEightMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityEightMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityNineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityNineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityTenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityTenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityElevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityElevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityTwelveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityTwelveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityThirteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityThirteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityFourteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityFourteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturityFifteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturityFifteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturitySixteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturitySixteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=UGP_MaturitySeventeenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=UGP_MaturitySeventeenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>123
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765979504">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 5)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureOneMember', window );">Debenture 1</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 10,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">16-Nov-17<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">107.9% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureTwoMember', window );">Debenture 2</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 10,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">20-Dec-18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">107.9% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureThreeMember', window );">Debenture 3</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 10,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">16-Mar-18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">108.25% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureFourMember', window );">Debenture 4</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">25-May-21<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Annual as from May 2019<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">105.0% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureFiveMember', window );">Debenture 5</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">18-Apr-22<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">95% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureSixMember', window );">Debenture 6</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">15-Apr-24<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">IPCA + 4.7%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Annually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureSevenMember', window );">Debenture 7</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">28-Jul-22<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Annual as from July 2021<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">105.0% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Annually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureEightMember', window );">Debenture 8</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">24-Oct-22<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">95% of CDI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Semiannually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureAxis=UGP_DebentureNineMember', window );">Debenture 9</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFaceValue', window );">Face value</a></td>
<td class="nump">R$ 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureFinalMaturity', window );">Final maturity</a></td>
<td class="text">24-Oct-24<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfFaceValueDescription', window );">Payment of the face value</a></td>
<td class="text">Lump sum at final maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureInterestDescription', window );">Interest</a></td>
<td class="text">IPCA + 4.33%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturePaymentOfInterestDescription', window );">Payment of interest</a></td>
<td class="text">Annually<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebentureReprice', window );">Reprice</a></td>
<td class="text">Not applicable<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureFaceValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Face value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureFaceValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureFinalMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>long-term consolidated debt had the following principal maturity schedule.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureFinalMaturity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureInterestDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest schedule.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureInterestDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebenturePaymentOfFaceValueDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of payment of the face value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebenturePaymentOfFaceValueDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebenturePaymentOfInterestDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payment of interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebenturePaymentOfInterestDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureReprice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureReprice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureFourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureFiveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureFiveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureSixMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureSixMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureSevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureSevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureEightMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureEightMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebentureAxis=UGP_DebentureNineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebentureAxis=UGP_DebentureNineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>124
<FILENAME>R117.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782706928">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 6) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization', window );">Equipment and intangible assets, net of depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 17,301<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancingPresentValue', window );">Financing (present value)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48,716<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinanceLeaseLiabilities', window );">Current</a></td>
<td class="nump">R$ 2,710<span></span>
</td>
<td class="nump">2,615<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinanceLeaseLiabilities', window );">Non-current</a></td>
<td class="nump">45,805<span></span>
</td>
<td class="nump">46,101<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization', window );">Equipment and intangible assets, net of depreciation and amortization</a></td>
<td class="nump">15,732<span></span>
</td>
<td class="nump">17,078<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancingPresentValue', window );">Financing (present value)</a></td>
<td class="nump">48,515<span></span>
</td>
<td class="nump">48,566<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinanceLeaseLiabilities', window );">Current</a></td>
<td class="nump">2,710<span></span>
</td>
<td class="nump">2,465<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinanceLeaseLiabilities', window );">Non-current</a></td>
<td class="nump">R$ 45,805<span></span>
</td>
<td class="nump">46,101<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization', window );">Equipment and intangible assets, net of depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">223<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancingPresentValue', window );">Financing (present value)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">150<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentFinanceLeaseLiabilities', window );">Current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">150<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentFinanceLeaseLiabilities', window );">Non-current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equipment and intangible assets, net of depreciation and amortization.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EquipmentAndIntangibleAssetsNetOfDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancingPresentValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Financing leases (present value).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancingPresentValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentFinanceLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current finance lease liabilities. [Refer: Finance lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentFinanceLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6780412688">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 7) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 70,052<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember', window );">Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,032<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember', window );">From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember', window );">From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember', window );">From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember', window );">From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember', window );">More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,516<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">R$ 68,176<span></span>
</td>
<td class="nump">69,896<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">5,113<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">5,113<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">5,113<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">5,113<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">5,113<span></span>
</td>
<td class="nump">4,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember', window );">LPG bottling facilities | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="nump">R$ 42,611<span></span>
</td>
<td class="nump">45,516<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">156<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">156<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember', window );">Software | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureDisbursementsInstallmentsFinanceLeases', window );">Future disbursements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FutureDisbursementsInstallmentsFinanceLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The future disbursements (installments) assumed under these contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FutureDisbursementsInstallmentsFinanceLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_UpTo1YearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From1To2YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From2To3YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From3To4YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From4To5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinanceLeaseLiabilitiesAxis=UGP_LPGBottlingFacilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinanceLeaseLiabilitiesAxis=UGP_SoftwareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>126
<FILENAME>R119.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766341072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 8) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 39,792<span></span>
</td>
<td class="nump">R$ 18,878<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">44,369<span></span>
</td>
<td class="nump">28,836<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(12,075)<span></span>
</td>
<td class="num">(7,922)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 72,086<span></span>
</td>
<td class="nump">R$ 39,792<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveRateOfTransactionCosts', window );">Effective rate of transaction costs</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 16,612<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">16,821<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(1,314)<span></span>
</td>
<td class="num">(209)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 15,298<span></span>
</td>
<td class="nump">R$ 16,612<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDoBrasilMember', window );">Banco do Brasil</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveRateOfTransactionCosts', window );">Effective rate of transaction costs</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 12,182<span></span>
</td>
<td class="nump">R$ 11,883<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,529<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(4,117)<span></span>
</td>
<td class="num">(3,230)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 8,065<span></span>
</td>
<td class="nump">R$ 12,182<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveRateOfTransactionCosts', window );">Effective rate of transaction costs</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">0.10%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 6,835<span></span>
</td>
<td class="nump">R$ 1,801<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">42,388<span></span>
</td>
<td class="nump">6,407<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(4,514)<span></span>
</td>
<td class="num">(1,373)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 44,709<span></span>
</td>
<td class="nump">R$ 6,835<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveRateOfTransactionCosts', window );">Effective rate of transaction costs</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 2,211<span></span>
</td>
<td class="nump">R$ 4,649<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">563<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(1,561)<span></span>
</td>
<td class="num">(2,438)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 1,213<span></span>
</td>
<td class="nump">R$ 2,211<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EffectiveRateOfTransactionCosts', window );">Effective rate of transaction costs</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, beginning</a></td>
<td class="nump">R$ 1,952<span></span>
</td>
<td class="nump">R$ 545<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncurredTransactionCost', window );">Incurred cost</a></td>
<td class="nump">1,418<span></span>
</td>
<td class="nump">2,079<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostAmortization', window );">Amortization</a></td>
<td class="num">(569)<span></span>
</td>
<td class="num">(672)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TransactionCostsFinancialInstruments', window );">Transaction costs, ending</a></td>
<td class="nump">R$ 2,801<span></span>
</td>
<td class="nump">R$ 1,952<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EffectiveRateOfTransactionCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of effective rate of transaction costs. Disclosure of further information regarding the transaction costs, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EffectiveRateOfTransactionCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncurredTransactionCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information regarding the Incurred cost, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncurredTransactionCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TransactionCostAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Depreciable amounts classified as transaction cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TransactionCostAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TransactionCostsFinancialInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>balance of Transaction costs. Disclosure of further information regarding the transaction costs, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TransactionCostsFinancialInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDoBrasilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDoBrasilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>127
<FILENAME>R120.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782513808">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details 9)<br> R$ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">R$ 72,086<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember', window );">Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">16,740<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember', window );">From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">13,852<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember', window );">From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">12,076<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember', window );">From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">11,342<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember', window );">From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">7,921<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember', window );">More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">10,155<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">8,065<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">4,628<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">2,317<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">599<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">385<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember', window );">Banco de Brasil | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,213<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">931<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">171<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">111<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember', window );">Foreign Loans | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">44,709<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">9,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">9,069<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">9,110<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">8,971<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">5,798<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">2,610<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">15,298<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,388<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,464<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,546<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,632<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">1,723<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember', window );">Notes in the foreign market | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">7,545<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">2,801<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">642<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | From 1 to 2 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | From 2 to 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">710<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | From 3 to 4 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">354<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | From 4 to 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">264<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember', window );">Other | More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems', window );"><strong>SummaryOfLoansDebenturesAndFinanceLeasesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AmountAppropriatedToProfitOrLossInFuture', window );">Amount appropriated to profit or loss in the future</a></td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AmountAppropriatedToProfitOrLossInFuture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount appropriated to profit or loss in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AmountAppropriatedToProfitOrLossInFuture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfLoansDebenturesAndFinanceLeasesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_UpTo1YearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From1To2YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From1To2YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From2To3YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From2To3YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From3To4YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From3To4YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_From4To5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_From4To5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_BancoDeBrasilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_ForeignLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_NotesInForeignMarketMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_OtherTransactionCostsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>128
<FILENAME>R121.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6757780080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>14. Loans, Debentures, and Finance Leases (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract', window );"><strong>Loans Debentures And Finance Leases Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancingCollateral', window );">Financing collateral</a></td>
<td class="nump">R$ 66,337<span></span>
</td>
<td class="nump">R$ 56,570<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PromissoryNotesGuarantees', window );">Promissory notes guarantees</a></td>
<td class="nump">9,587,971<span></span>
</td>
<td class="nump">7,069,482<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LettersOfCreditForCommercialAndLegalProceedings', window );">Letters of credit for commercial and legal proceedings</a></td>
<td class="nump">237,537<span></span>
</td>
<td class="nump">215,988<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RawMaterialGuarantees', window );">Raw material guarantees</a></td>
<td class="nump">81,046<span></span>
</td>
<td class="nump">59,316<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals', window );">Maximum amount of future payments related to these collaterals</a></td>
<td class="nump">8,224<span></span>
</td>
<td class="nump">30,764<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue', window );">Fair value of collaterals recognized in current liabilities</a></td>
<td class="nump">R$ 205<span></span>
</td>
<td class="nump">R$ 743<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancingCollateral">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancingCollateral</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LettersOfCreditForCommercialAndLegalProceedings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LettersOfCreditForCommercialAndLegalProceedings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansDebenturesAndFinanceLeasesDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MaximumAmountOfFuturePaymentsRelatedToTheseCollaterals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PromissoryNotesGuarantees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PromissoryNotesGuarantees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RawMaterialGuarantees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RawMaterialGuarantees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of collateral sold or repledged that was permitted to be sold or repledged in the absence of default by the owner of the collateral. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 15<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_15_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsSoldOrRepledgedAsCollateralAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>129
<FILENAME>R122.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760791424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>15. Trade Payables (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradePayablesLineItems', window );"><strong>SummaryOfTradePayablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">R$ 2,155,498<span></span>
</td>
<td class="nump">R$ 1,709,653<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradePayablesAxis=UGP_DomesticSuppliersMember', window );">Domestic Suppliers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradePayablesLineItems', window );"><strong>SummaryOfTradePayablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">1,973,668<span></span>
</td>
<td class="nump">1,620,388<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TradePayablesAxis=UGP_ForeignSuppliersMember', window );">Foreign Suppliers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTradePayablesLineItems', window );"><strong>SummaryOfTradePayablesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">R$ 181,830<span></span>
</td>
<td class="nump">R$ 89,265<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfTradePayablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfTradePayablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradePayablesAxis=UGP_DomesticSuppliersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradePayablesAxis=UGP_DomesticSuppliersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TradePayablesAxis=UGP_ForeignSuppliersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TradePayablesAxis=UGP_ForeignSuppliersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>130
<FILENAME>R123.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765129760">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>16. Salaries and Related Charges (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSalariesAndRelatedChargesLineItems', window );"><strong>SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">R$ 388,118<span></span>
</td>
<td class="nump">R$ 362,718<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedChargesAxis=UGP_ProvisionsOnPayrollMember', window );">Provisions on salaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSalariesAndRelatedChargesLineItems', window );"><strong>SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">179,120<span></span>
</td>
<td class="nump">162,216<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedChargesAxis=UGP_ProfitSharingMember', window );">Profit sharing, bonus and premium</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSalariesAndRelatedChargesLineItems', window );"><strong>SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">125,006<span></span>
</td>
<td class="nump">140,504<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedChargesAxis=UGP_SocialChargesMember', window );">Social charges</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSalariesAndRelatedChargesLineItems', window );"><strong>SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">64,524<span></span>
</td>
<td class="nump">49,812<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedChargesAxis=UGP_OtherChargesMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSalariesAndRelatedChargesLineItems', window );"><strong>SummaryOfSalariesAndRelatedChargesLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalariesAndRelatedCharges', window );">Salaries and related charges</a></td>
<td class="nump">R$ 19,468<span></span>
</td>
<td class="nump">R$ 10,186<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalariesAndRelatedCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSalariesAndRelatedChargesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalariesAndRelatedChargesAxis=UGP_ProvisionsOnPayrollMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedChargesAxis=UGP_ProvisionsOnPayrollMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedChargesAxis=UGP_ProfitSharingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedChargesAxis=UGP_SocialChargesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalariesAndRelatedChargesAxis=UGP_OtherChargesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>131
<FILENAME>R124.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782670544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>17. Taxes Payable (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">R$ 225,829<span></span>
</td>
<td class="nump">R$ 171,033<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ICMSMember', window );">ICMS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">131,125<span></span>
</td>
<td class="nump">105,160<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_PISAndCOFINSMember', window );">PIS and COFINS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">27,065<span></span>
</td>
<td class="nump">25,287<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_PERTMember', window );">PERT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">19,584<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ValueAddedTaxMember', window );">Value-Added Tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">17,992<span></span>
</td>
<td class="nump">16,148<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_ISSMember', window );">ISS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">11,211<span></span>
</td>
<td class="nump">8,074<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TaxesAxis=UGP_OtherTaxesPayableMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfTaxesPayableLineItems', window );"><strong>SummaryOfTaxesPayableLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilities', window );">Taxes payable</a></td>
<td class="nump">R$ 18,852<span></span>
</td>
<td class="nump">R$ 16,364<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfTaxesPayableLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfTaxesPayableLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current tax for current and prior periods to the extent unpaid. Current tax is the amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ICMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ICMSMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_PISAndCOFINSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_PERTMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_PERTMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ValueAddedTaxMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ValueAddedTaxMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_ISSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_ISSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TaxesAxis=UGP_OtherTaxesPayableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TaxesAxis=UGP_OtherTaxesPayableMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>132
<FILENAME>R125.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777598080">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Total</a></td>
<td class="nump">R$ 237,523<span></span>
</td>
<td class="nump">R$ 144,751<span></span>
</td>
<td class="nump">R$ 126,595<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentProvisionsForEmployeeBenefits', window );">Current</a></td>
<td class="nump">30,059<span></span>
</td>
<td class="nump">24,940<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits', window );">Non-current</a></td>
<td class="nump">207,464<span></span>
</td>
<td class="nump">119,811<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember', window );">Health and dental care plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Total</a></td>
<td class="nump">99,767<span></span>
</td>
<td class="nump">32,826<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember', window );">FGTS Penalty</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Total</a></td>
<td class="nump">81,831<span></span>
</td>
<td class="nump">64,654<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_BonusMember', window );">Bonus</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Total</a></td>
<td class="nump">40,254<span></span>
</td>
<td class="nump">32,815<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember', window );">Life Insurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Total</a></td>
<td class="nump">R$ 15,671<span></span>
</td>
<td class="nump">R$ 14,456<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfEmployeeBenefitsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions for employee benefits. [Refer: Provisions for employee benefits]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions for employee benefits. [Refer: Employee benefits expense; Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_BonusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_BonusMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>133
<FILENAME>R126.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6680974624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract', window );"><strong>Employee Benefits And Private Pension Plan Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Provision for post-employment benefits, opening</a></td>
<td class="nump">R$ 144,751<span></span>
</td>
<td class="nump">R$ 126,595<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeetBenefitsCurrentServiceCost', window );">Current service cost</a></td>
<td class="nump">7,664<span></span>
</td>
<td class="nump">3,636<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsInterestCost', window );">Interest cost</a></td>
<td class="nump">15,754<span></span>
</td>
<td class="nump">14,538<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits', window );">Actuarial (gains) losses from changes in actuarial assumptions</a></td>
<td class="nump">36,120<span></span>
</td>
<td class="nump">11,818<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries', window );">Benefits paid directly by Company and its subsidiaries</a></td>
<td class="num">(11,368)<span></span>
</td>
<td class="num">(10,971)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitPlansOpeningBalanceCBLSA', window );">Opening balance CBL S.A. (see Note 3.c)</a></td>
<td class="nump">44,478<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries', window );">Exchange rate from foreign subsidiaries</a></td>
<td class="nump">124<span></span>
</td>
<td class="num">(865)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProvisionsForEmployeeBenefits', window );">Provision for post-employment benefits, ending</a></td>
<td class="nump">R$ 237,523<span></span>
</td>
<td class="nump">R$ 144,751<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Actuarial (gains) losses from changes in actuarial assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialGainsLossesFromChangesInActuarialAssumptionsEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitPlansOpeningBalanceCBLSA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial balance of the new subsidiary CBLSA due to business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitPlansOpeningBalanceCBLSA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsAndPrivatePensionPlanDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits paid directly by Company and its subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsExchangeRateFromForeignSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsInterestCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest cost of post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsInterestCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits paid directly by Company and its subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsPaidDirectlyByCompanyAndItsSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeetBenefitsCurrentServiceCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Current service cost of post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeetBenefitsCurrentServiceCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProvisionsForEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions for employee benefits. [Refer: Employee benefits expense; Provisions]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProvisionsForEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>134
<FILENAME>R127.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6613121280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Employee benefit expense</a></td>
<td class="nump">R$ 23,148<span></span>
</td>
<td class="nump">R$ 18,174<span></span>
</td>
<td class="nump">R$ 19,771<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember', window );">Health and dental care plan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Employee benefit expense</a></td>
<td class="nump">164<span></span>
</td>
<td class="nump">3,065<span></span>
</td>
<td class="nump">3,291<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember', window );">FGTS Penalty</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Employee benefit expense</a></td>
<td class="nump">14,828<span></span>
</td>
<td class="nump">9,068<span></span>
</td>
<td class="nump">10,445<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_BonusMember', window );">Bonus</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Employee benefit expense</a></td>
<td class="nump">6,883<span></span>
</td>
<td class="nump">4,455<span></span>
</td>
<td class="nump">4,352<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember', window );">Life Insurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Employee benefit expense</a></td>
<td class="nump">R$ 1,543<span></span>
</td>
<td class="nump">R$ 1,586<span></span>
</td>
<td class="nump">R$ 1,683<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfEmployeeBenefitsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EmployeeBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_HealthAndDentalCareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_FGTSPenaltyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_BonusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_BonusMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PostEmploymentBenefitsAxis=UGP_LifeInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
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<SEQUENCE>135
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6764265600">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details 3)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract', window );"><strong>Employee Benefits And Private Pension Plan Details 3</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate for the actuarial obligation at present value</a></td>
<td class="nump">9.51%<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AverageProjectedSalaryGrowthRate', window );">Average projected salary growth rate</a></td>
<td class="nump">8.38%<span></span>
</td>
<td class="nump">8.90%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InflationRateLongTerm', window );">Inflation rate (long term)</a></td>
<td class="nump">4.50%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrowthRateOfMedicalServices', window );">Growth rate of medical services</a></td>
<td class="nump">8.68%<span></span>
</td>
<td class="nump">9.20%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AverageProjectedSalaryGrowthRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Average projected salary growth rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AverageProjectedSalaryGrowthRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsAndPrivatePensionPlanDetails3Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GrowthRateOfMedicalServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Growth rate of medical services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GrowthRateOfMedicalServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InflationRateLongTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Inflation rate (long term).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InflationRateLongTerm</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionOfDiscountRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2016-01-13<br> -Paragraph 144<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2016-03-30&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfDiscountRates</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>136
<FILENAME>R129.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6766046160">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details 4)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=UGP_DiscountRateMember', window );">Discount rate</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInAssumptionDecreaseInLiability', window );">Changes in assumption, decrease in liability</a></td>
<td class="text">increase by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionsDecreaseInLiability', window );">Decrease in liability</a></td>
<td class="nump">R$ 10,237<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangeInAssumptionsIncreaseInLiability', window );">Change in assumptions, increase in liability</a></td>
<td class="text">decrease by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionIncreaseInLiability', window );">Increase in liability</a></td>
<td class="nump">R$ 11,690<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=UGP_WageGrowthRateMember', window );">Wage growth rate</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInAssumptionDecreaseInLiability', window );">Changes in assumption, decrease in liability</a></td>
<td class="text">decrease by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionsDecreaseInLiability', window );">Decrease in liability</a></td>
<td class="nump">R$ 2,807<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangeInAssumptionsIncreaseInLiability', window );">Change in assumptions, increase in liability</a></td>
<td class="text">increase by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionIncreaseInLiability', window );">Increase in liability</a></td>
<td class="nump">R$ 3,103<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=UGP_MedicalServicesGrowthRateMember', window );">Medical services wage growth rate</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEmployeeBenefitsLineItems', window );"><strong>SummaryOfEmployeeBenefitsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInAssumptionDecreaseInLiability', window );">Changes in assumption, decrease in liability</a></td>
<td class="text">decrease by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionsDecreaseInLiability', window );">Decrease in liability</a></td>
<td class="nump">R$ 3,837<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangeInAssumptionsIncreaseInLiability', window );">Change in assumptions, increase in liability</a></td>
<td class="text">increase by 1.0 p.p<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialAssumptionIncreaseInLiability', window );">Increase in liability</a></td>
<td class="nump">R$ 4,413<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialAssumptionIncreaseInLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase in liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialAssumptionIncreaseInLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialAssumptionsDecreaseInLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialAssumptionsDecreaseInLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ChangeInAssumptionsIncreaseInLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in assumptions, increase in liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ChangeInAssumptionsIncreaseInLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ChangesInAssumptionDecreaseInLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in assumption, decrease in liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ChangesInAssumptionDecreaseInLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfEmployeeBenefitsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfEmployeeBenefitsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=UGP_DiscountRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=UGP_DiscountRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=UGP_WageGrowthRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=UGP_WageGrowthRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=UGP_MedicalServicesGrowthRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=UGP_MedicalServicesGrowthRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>137
<FILENAME>R130.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760562064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>18. Employee Benefits and Private Pension Plan (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract', window );"><strong>Employee Benefits And Private Pension Plan Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset', window );">Contribution to Ultraprev</a></td>
<td class="nump">R$ 24,819<span></span>
</td>
<td class="nump">R$ 23,261<span></span>
</td>
<td class="nump">R$ 22,216<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EmployeeBenefitsAndPrivatePensionPlanDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in net defined benefit liability (asset) resulting from contributions to a defined benefit plan by the employer. [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2016-01-13<br> -Paragraph 141<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2016-03-30&amp;anchor=para_141_f&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>138
<FILENAME>R131.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6776902304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>19. Provision for Asset Retirement Obligation - Fuel Tanks (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract', window );"><strong>Provision For Asset Retirement Obligation - Fuel Tanks Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionAssetRetirementObligation', window );">Initial balance</a></td>
<td class="nump">R$ 77,564<span></span>
</td>
<td class="nump">R$ 74,716<span></span>
</td>
<td class="nump">R$ 70,802<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionProvisionAssetRetirementObligation', window );">Additions (new tanks)</a></td>
<td class="nump">537<span></span>
</td>
<td class="nump">483<span></span>
</td>
<td class="nump">625<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionAssetRetirementObligationExpense', window );">Expense with tanks removed</a></td>
<td class="num">(15,432)<span></span>
</td>
<td class="num">(2,785)<span></span>
</td>
<td class="num">(3,949)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionAssetRetirementObligationAccretionExpense', window );">Accretion expense</a></td>
<td class="nump">2,105<span></span>
</td>
<td class="nump">5,150<span></span>
</td>
<td class="nump">7,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionAssetRetirementObligation', window );">Final balance</a></td>
<td class="nump">64,774<span></span>
</td>
<td class="nump">77,564<span></span>
</td>
<td class="nump">74,716<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrentProvisionAssetRetirementObligation', window );">Current</a></td>
<td class="nump">4,799<span></span>
</td>
<td class="nump">4,563<span></span>
</td>
<td class="nump">5,232<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentProvisionAssetRetirementObligation', window );">Noncurrent</a></td>
<td class="nump">R$ 59,975<span></span>
</td>
<td class="nump">R$ 73,001<span></span>
</td>
<td class="nump">R$ 69,484<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionProvisionAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions to Provision For Asset Retirement Obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionProvisionAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrentProvisionAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrentProvisionAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentProvisionAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision for legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of such assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentProvisionAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionAssetRetirementObligation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of Provision For Asset Retirement Obligation - Fuel Tanks Details. An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionAssetRetirementObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionAssetRetirementObligationAccretionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accretion expense due to asset Retirement Obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionAssetRetirementObligationAccretionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionAssetRetirementObligationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expense with tanks removed due to asset Retirement Obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionAssetRetirementObligationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForAssetRetirementObligationFuelTanksDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>139
<FILENAME>R132.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777805008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20. Provision, Contingencies, and Commitments (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">R$ 779,782<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">48,497<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(135,990)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">31,155<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">202,352<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">925,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrentProvisionForTaxCivilAndLaborRisks', window );">Current</a></td>
<td class="nump">64,550<span></span>
</td>
<td class="nump">R$ 52,694<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NoncurrentProvisionForTaxCivilAndLaborRisks', window );">Non-current</a></td>
<td class="nump">861,246<span></span>
</td>
<td class="nump">R$ 727,088<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_IRPJAndCSLLMember', window );">IRPJ and CSLL</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">473,490<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(2,163)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">25,285<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">19,217<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">515,829<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_PISAndCOFINSMember', window );">PIS and COFINS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">141,112<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(109,463)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">3,278<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">34,927<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_ICMSMember', window );">ICMS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">17,099<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">1,864<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(7,795)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">533<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">100,083<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">111,784<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_ClaimsMember', window );">Civil, environmental and regulatory claims</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">69,350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">22,026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(3,269)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">330<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">859<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">89,296<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_LaborLitigationMember', window );">Labor litigation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">65,162<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">23,973<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(11,899)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">1,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">4,044<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">82,425<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_IPIMember', window );">IPI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">78,067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">78,067<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=UGP_OtherProvisionMember', window );">Other provisions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfProvisionsLineItems', window );"><strong>SummaryOfProvisionsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, beginning</a></td>
<td class="nump">13,569<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks', window );">Additions</a></td>
<td class="nump">634<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks', window );">Write-offs</a></td>
<td class="num">(1,401)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks', window );">Monetary restatement</a></td>
<td class="nump">584<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA', window );">Opening balance CBL S.A.</a></td>
<td class="nump">82<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionForTaxCivilAndLaborRisks', window );">Provisions by nature, ending</a></td>
<td class="nump">R$ 13,468<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionsToProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionsToProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrentProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrentProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MonetaryRestatementOfProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NoncurrentProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An obligating event that creates a legal obligation and, therefore, results in an entity having no realistic alternative but to settle the obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NoncurrentProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of provisions by nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionsByNatureOpeningBalanceCBLSA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial balance of the new subsidiary CBLSA due to business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionsByNatureOpeningBalanceCBLSA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfProvisionsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfProvisionsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WriteOffsOfProvisionForTaxCivilAndLaborRisks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_IRPJAndCSLLMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_IRPJAndCSLLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_PISAndCOFINSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_PISAndCOFINSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_ICMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_ICMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_ClaimsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_ClaimsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_LaborLitigationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_LaborLitigationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_IPIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_IPIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=UGP_OtherProvisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=UGP_OtherProvisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>140
<FILENAME>R133.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6760703808">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>20. Provision, Contingencies, and Commitments (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEscrowDepositsLineItems', window );"><strong>SummaryOfEscrowDepositsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Total non-current assets</a></td>
<td class="nump">R$ 822,660<span></span>
</td>
<td class="nump">R$ 778,770<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EscrowDepositsAxis=UGP_TaxMattersMember', window );">Tax matters</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEscrowDepositsLineItems', window );"><strong>SummaryOfEscrowDepositsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Total non-current assets</a></td>
<td class="nump">659,062<span></span>
</td>
<td class="nump">643,423<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EscrowDepositsAxis=UGP_LaborLitigationMember', window );">Labor litigation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEscrowDepositsLineItems', window );"><strong>SummaryOfEscrowDepositsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Total non-current assets</a></td>
<td class="nump">71,074<span></span>
</td>
<td class="nump">70,392<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EscrowDepositsAxis=UGP_CivilAndOtherMember', window );">Civil and other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfEscrowDepositsLineItems', window );"><strong>SummaryOfEscrowDepositsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermDeposits', window );">Total non-current assets</a></td>
<td class="nump">R$ 92,524<span></span>
</td>
<td class="nump">R$ 64,955<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfEscrowDepositsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfEscrowDepositsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term deposits held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EscrowDepositsAxis=UGP_TaxMattersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EscrowDepositsAxis=UGP_TaxMattersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EscrowDepositsAxis=UGP_LaborLitigationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EscrowDepositsAxis=UGP_LaborLitigationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EscrowDepositsAxis=UGP_CivilAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EscrowDepositsAxis=UGP_CivilAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>141
<FILENAME>R134.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765573168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>20. Provision, Contingencies, and Commitments (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract', window );"><strong>Provision Contingencies And Commitments Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EscrowDepositsMadeUnderPreliminaryInjunction', window );">Escrow deposits made under preliminary injunction</a></td>
<td class="nump">R$ 483,485<span></span>
</td>
<td class="nump">R$ 457,868<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsForLawsuitsAndAdministrativeProceedings', window );">Provisions for lawsuits and administrative proceedings</a></td>
<td class="nump">89,296<span></span>
</td>
<td class="nump">69,350<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ProvisionsForLaborLitigationFiledByFormerEmployees', window );">Provisions for labor litigation filed by former employees</a></td>
<td class="nump">82,425<span></span>
</td>
<td class="nump">65,162<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PossibleContingency', window );">Possible contingency</a></td>
<td class="nump">2,576,583<span></span>
</td>
<td class="nump">2,252,637<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity', window );">Contingent liabilities for tax matters and social security</a></td>
<td class="nump">1,709,435<span></span>
</td>
<td class="nump">1,519,658<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IPIContingency', window );">IPI contingency</a></td>
<td class="nump">166,003<span></span>
</td>
<td class="nump">169,889<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LegalProceedingsRelatedToICMS', window );">Legal proceedings related to ICMS</a></td>
<td class="nump">618,774<span></span>
</td>
<td class="nump">626,393<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ICMSCredits', window );">ICMS credits</a></td>
<td class="nump">307,255<span></span>
</td>
<td class="nump">283,367<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OffsetClaimsAndCreditDisallowances', window );">Offset claims and credit disallowances</a></td>
<td class="nump">645,868<span></span>
</td>
<td class="nump">450,120<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims', window );">Contingent liabilities for civil, environmental and regulatory claims</a></td>
<td class="nump">593,437<span></span>
</td>
<td class="nump">480,065<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PenaltyOnUltragaz', window );">Penalty on Ultragaz</a></td>
<td class="nump">32,315<span></span>
</td>
<td class="nump">31,281<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ContingentLiabilitiesForLaborMatters', window );">Contingent liabilities for labor matters</a></td>
<td class="nump">R$ 273,711<span></span>
</td>
<td class="nump">R$ 252,914<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ContingentLiabilitiesForCivilEnvironmentalAndRegulatoryClaims</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ContingentLiabilitiesForLaborMatters">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ContingentLiabilitiesForLaborMatters</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ContingentLiabilitiesForTaxMattersAndSocialSecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EscrowDepositsMadeUnderPreliminaryInjunction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EscrowDepositsMadeUnderPreliminaryInjunction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ICMSCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ICMSCredits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IPIContingency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IPIContingency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LegalProceedingsRelatedToICMS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LegalProceedingsRelatedToICMS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OffsetClaimsAndCreditDisallowances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of offset claims and credit disallowances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OffsetClaimsAndCreditDisallowances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PenaltyOnUltragaz">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PenaltyOnUltragaz</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PossibleContingency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PossibleContingency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionContingenciesAndCommitmentsDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionsForLaborLitigationFiledByFormerEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionsForLaborLitigationFiledByFormerEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ProvisionsForLawsuitsAndAdministrativeProceedings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ProvisionsForLawsuitsAndAdministrativeProceedings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>142
<FILENAME>R135.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6761198160">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>21. Deferred Revenue (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDeferredRevenueLineItems', window );"><strong>SummaryOfDeferredRevenueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenue</a></td>
<td class="nump">R$ 31,309<span></span>
</td>
<td class="nump">R$ 34,810<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeCurrent', window );">Current</a></td>
<td class="nump">18,413<span></span>
</td>
<td class="nump">22,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredIncomeNoncurrent', window );">Non-current</a></td>
<td class="nump">12,896<span></span>
</td>
<td class="nump">12,510<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredRevenueAxis=UGP_FranchisingUpfrontFeeMember', window );">Franchising upfront fee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDeferredRevenueLineItems', window );"><strong>SummaryOfDeferredRevenueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenue</a></td>
<td class="nump">19,537<span></span>
</td>
<td class="nump">18,620<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredRevenueAxis=UGP_LoyaltyProgramOneMember', window );">Loyalty program Km de Vantagens</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDeferredRevenueLineItems', window );"><strong>SummaryOfDeferredRevenueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenue</a></td>
<td class="nump">9,134<span></span>
</td>
<td class="nump">13,062<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredRevenueAxis=UGP_LoyaltyProgramTwoMember', window );">Loyalty program Clube Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfDeferredRevenueLineItems', window );"><strong>SummaryOfDeferredRevenueLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncome', window );">Deferred revenue</a></td>
<td class="nump">R$ 2,638<span></span>
</td>
<td class="nump">R$ 3,128<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of short-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredIncomeNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of long-term liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredIncomeNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfDeferredRevenueLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfDeferredRevenueLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredRevenueAxis=UGP_FranchisingUpfrontFeeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredRevenueAxis=UGP_FranchisingUpfrontFeeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredRevenueAxis=UGP_LoyaltyProgramOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredRevenueAxis=UGP_LoyaltyProgramOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredRevenueAxis=UGP_LoyaltyProgramTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredRevenueAxis=UGP_LoyaltyProgramTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>143
<FILENAME>R136.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759833648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>22. Subscription warrants - indemnification (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract', window );"><strong>Subscription Warrants - Indemnification Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrantsShares', window );">Subscription warrants, shares</a></td>
<td class="nump">2,415,848<span></span>
</td>
<td class="nump">2,394,825<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrants', window );">Subscription warrants - indemnification</a></td>
<td class="nump">R$ 171,459<span></span>
</td>
<td class="nump">R$ 153,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants', window );">Maximum number of shares available for issue - subscription warrants</a></td>
<td class="nump">3,035,499<span></span>
</td>
<td class="nump">3,059,579<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum number of shares available for issue - subscription warrants. Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MaximumNumberOfSharesAvailableForIssueSubscriptionWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscriptionWarrants">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscriptionWarrants</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscriptionWarrantsIndemnificationDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscriptionWarrantsShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Subscription warrants, shares. Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscriptionWarrantsShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>144
<FILENAME>R137.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6795460896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>23. Shareholders' Equity (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueCashFlowHedgingInstrumentsMember', window );">Fair value of cash flow hedging instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="num">R$ (26,883)<span></span>
</td>
<td class="nump">R$ 6,261<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="num">(2,550)<span></span>
</td>
<td class="num">(46,470)<span></span>
</td>
<td class="nump">6,261<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">2,069<span></span>
</td>
<td class="nump">13,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="num">(27,634)<span></span>
</td>
<td class="num">(26,883)<span></span>
</td>
<td class="nump">6,261<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueFinancialInstrumentsAvailableForSaleMember', window );">Fair value of financial instruments classified as available for sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,523<span></span>
</td>
<td class="nump">51<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(1,523)<span></span>
</td>
<td class="nump">1,472<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">1,523<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_ActuarialGainsOfPostemploymentBenefitsMember', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="nump">2,896<span></span>
</td>
<td class="nump">11,169<span></span>
</td>
<td class="nump">7,098<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="num">(27,658)<span></span>
</td>
<td class="num">(12,435)<span></span>
</td>
<td class="nump">6,321<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">9,581<span></span>
</td>
<td class="nump">4,162<span></span>
</td>
<td class="num">(2,250)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="num">(15,181)<span></span>
</td>
<td class="nump">2,896<span></span>
</td>
<td class="nump">11,169<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_NoncontrollingShareholdersInterestChangeMember', window );">Non-controlling shareholders interest change</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">202,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="nump">202,188<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_TotalValuationAdjustmentsMember', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="num">(23,987)<span></span>
</td>
<td class="nump">18,953<span></span>
</td>
<td class="nump">7,149<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="num">(2,550)<span></span>
</td>
<td class="num">(47,993)<span></span>
</td>
<td class="nump">7,733<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">202,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">2,069<span></span>
</td>
<td class="nump">13,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="num">(27,658)<span></span>
</td>
<td class="num">(12,435)<span></span>
</td>
<td class="nump">6,321<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">9,581<span></span>
</td>
<td class="nump">4,162<span></span>
</td>
<td class="num">(2,250)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="nump">159,643<span></span>
</td>
<td class="num">(23,987)<span></span>
</td>
<td class="nump">18,953<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_CumulativeTranslationAdjustmentMember', window );">Cumulative translation adjustment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfShareholdersEquityLineItems', window );"><strong>SummaryOfShareholdersEquityLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Beginning balance</a></td>
<td class="nump">7,519<span></span>
</td>
<td class="nump">66,925<span></span>
</td>
<td class="nump">43,192<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge', window );">Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge</a></td>
<td class="nump">45,542<span></span>
</td>
<td class="num">(59,406)<span></span>
</td>
<td class="nump">23,733<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInFairValue', window );">Changes in fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid', window );">Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnFairValue', window );">Income and social contribution taxes on fair value</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ActuarialLossesOfPostemploymentBenefits', window );">Actuarial gains (losses) of post-employment benefits</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses', window );">Income and social contribution taxes on actuarial losses</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherComprehensiveIncomeOfTheCompany', window );">Ending balance</a></td>
<td class="nump">R$ 53,061<span></span>
</td>
<td class="nump">R$ 7,519<span></span>
</td>
<td class="nump">R$ 66,925<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ActuarialLossesOfPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Actuarial gains (losses) of post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ActuarialLossesOfPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ChangesInFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in fair value through gain or loss on a financial asset or financial liability classified as at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ChangesInFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DifferenceFairValueOfConsiderationReceivedOrPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DifferenceFairValueOfConsiderationReceivedOrPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesOnActuarialLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income and social contribution taxes on actuarial losses on actuarial losses of post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesOnActuarialLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeAndSocialContributionTaxesOnFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income and social contribution taxes on fair value. Refers to annual taxes levied by the federal government and most state governments on individual and business income. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes. Social contributions are payments (either actual or imputed) by employers which are intended to secure for their employees the entitlement to social benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeAndSocialContributionTaxesOnFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherComprehensiveIncomeOfTheCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherComprehensiveIncomeOfTheCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfShareholdersEquityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfShareholdersEquityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Translation of foreign subsidiaries, including the exchange rate effect of net investments hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TranslationOfForeignSubsidiariesIncludingExchangeRateEffectOfNetInvestmentsHedge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueCashFlowHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueCashFlowHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueFinancialInstrumentsAvailableForSaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_FairValueFinancialInstrumentsAvailableForSaleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_ActuarialGainsOfPostemploymentBenefitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_ActuarialGainsOfPostemploymentBenefitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_NoncontrollingShareholdersInterestChangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_NoncontrollingShareholdersInterestChangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_TotalValuationAdjustmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_TotalValuationAdjustmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_CumulativeTranslationAdjustmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=UGP_CumulativeTranslationAdjustmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>145
<FILENAME>R138.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6776902304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>23. Shareholders' Equity (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityDetailsAbstract', window );"><strong>Shareholders Equity Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year attributable to shareholders of the Company</a></td>
<td class="nump">R$ 1,574,306<span></span>
</td>
<td class="nump">R$ 1,561,585<span></span>
</td>
<td class="nump">R$ 1,503,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MinimumMandatoryDividends', window );">Minimum mandatory dividends</a></td>
<td class="nump">787,153<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterimDividendsPaid', window );">Interim dividends paid</a></td>
<td class="num">(461,868)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MandatoryDividendsPayable', window );">Mandatory dividends payable &#8211; Current liabilities</a></td>
<td class="nump">325,285<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionalDividendsToMinimumMandatoryDividends', window );">Additional dividends to the minimum mandatory dividends &#8211; shareholders&#8217; equity</a></td>
<td class="nump">163,742<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterimDividendPayable', window );">Dividends payable</a></td>
<td class="nump">489,027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LegalReserves', window );">Legal reserve</a></td>
<td class="nump">78,716<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_StatutoryInvestmentsReserve', window );">Statutory investments reserve</a></td>
<td class="nump">R$ 544,695<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionalDividendsToMinimumMandatoryDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Additional dividends to the minimum mandatory amount recognised as distributions to owners during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionalDividendsToMinimumMandatoryDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterimDividendPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterimDividendPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterimDividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interim dividends. Such dividends are not recognised as a liability at the end of the reporting period because no obligation exists at that time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterimDividendsPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LegalReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LegalReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MandatoryDividendsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mandatory amount recognised as distributions to owners during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MandatoryDividendsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MinimumMandatoryDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Minimum mandatory amount recognised as distributions to owners during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MinimumMandatoryDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareholdersEquityDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareholdersEquityDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_StatutoryInvestmentsReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The allocation of income for retention of profits purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_StatutoryInvestmentsReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>146
<FILENAME>R139.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6688959568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>23. Shareholders' Equity (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityDetailsNarrativeAbstract', window );"><strong>Shareholders Equity Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscribedAndPaidInCapitalStock', window );">Subscribed and paid-in capital stock</a></td>
<td class="nump">556,405,096<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Common shares outstanding</a></td>
<td class="nump">28,935,260<span></span>
</td>
<td class="nump">28,944,097<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SharesHeldInTreasury', window );">Shares held in treasury</a></td>
<td class="nump">13,041,356<span></span>
</td>
<td class="nump">13,131,356<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RetentionOfProfitsAndInvestmentsReserve', window );">Retention of profits and investments reserve</a></td>
<td class="nump">R$ 3,130,935<span></span>
</td>
<td class="nump">R$ 3,915,964<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPayable', window );">Proposed dividends payable</a></td>
<td class="nump">R$ 489,027<span></span>
</td>
<td class="nump">R$ 472,650<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RetentionOfProfitsAndInvestmentsReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the allocation of income for retention of profits purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RetentionOfProfitsAndInvestmentsReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareholdersEquityDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareholdersEquityDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SharesHeldInTreasury">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of Shares held in treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SharesHeldInTreasury</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscribedAndPaidInCapitalStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscribedAndPaidInCapitalStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends payable by means of the distribution of non-cash assets to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRIC<br> -Number 17<br> -IssueDate 2016-01-13<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRIC&amp;num=17&amp;date=2016-03-30&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6792430144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>24. Net Revenue from Sale and Services (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetRevenueFromSaleAndServicesDetailsAbstract', window );"><strong>Net Revenue From Sale And Services Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrossRevenueFromSale', window );">Gross revenue from sale</a></td>
<td class="nump">R$ 82,134,879<span></span>
</td>
<td class="nump">R$ 79,361,004<span></span>
</td>
<td class="nump">R$ 77,463,652<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrossRevenueFromServices', window );">Gross revenue from services</a></td>
<td class="nump">728,590<span></span>
</td>
<td class="nump">621,823<span></span>
</td>
<td class="nump">568,556<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalesTaxes', window );">Sales taxes</a></td>
<td class="num">(1,936,077)<span></span>
</td>
<td class="num">(1,929,288)<span></span>
</td>
<td class="num">(2,011,860)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SalesDiscountsAndReturns', window );">Discounts and sales returns</a></td>
<td class="num">(927,557)<span></span>
</td>
<td class="num">(703,305)<span></span>
</td>
<td class="num">(360,777)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueDeferred', window );">Deferred revenue</a></td>
<td class="nump">7,587<span></span>
</td>
<td class="nump">2,721<span></span>
</td>
<td class="num">(4,297)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">R$ 80,007,422<span></span>
</td>
<td class="nump">R$ 77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GrossRevenueFromSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The accounting policies adopted for the recognition of Gross revenue from sale. The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GrossRevenueFromSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GrossRevenueFromServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The accounting policies adopted for the recognition of Gross revenue from services. The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GrossRevenueFromServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetRevenueFromSaleAndServicesDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetRevenueFromSaleAndServicesDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RevenueDeferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liability representing income that has been received but is not yet earned. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RevenueDeferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalesDiscountsAndReturns">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Discounts and sales returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalesDiscountsAndReturns</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SalesTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Taxes that infers on revenue from sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SalesTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6765468192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>25. Expenses by Nature (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpensesByNatureDetailsAbstract', window );"><strong>Expenses By Nature Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RawMaterialsAndConsumablesUsed', window );">Raw materials and materials for use and consumption</a></td>
<td class="nump">R$ 71,521,652<span></span>
</td>
<td class="nump">R$ 69,173,511<span></span>
</td>
<td class="nump">R$ 67,763,793<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Personnel expenses</a></td>
<td class="nump">2,231,556<span></span>
</td>
<td class="nump">2,042,985<span></span>
</td>
<td class="nump">1,950,776<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FreightAndStorageExpense', window );">Freight and storage</a></td>
<td class="nump">1,117,467<span></span>
</td>
<td class="nump">1,077,552<span></span>
</td>
<td class="nump">1,134,388<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">1,175,951<span></span>
</td>
<td class="nump">1,103,538<span></span>
</td>
<td class="nump">1,002,647<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdvertisingAndMarketingExpense', window );">Advertising and marketing</a></td>
<td class="nump">192,441<span></span>
</td>
<td class="nump">200,011<span></span>
</td>
<td class="nump">177,336<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ServicesReceivedRelatedPartyTransactions', window );">Services provided by third parties</a></td>
<td class="nump">351,227<span></span>
</td>
<td class="nump">318,746<span></span>
</td>
<td class="nump">255,750<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense', window );">Lease of real estate and equipment</a></td>
<td class="nump">196,970<span></span>
</td>
<td class="nump">164,740<span></span>
</td>
<td class="nump">143,677<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="nump">410,356<span></span>
</td>
<td class="nump">359,000<span></span>
</td>
<td class="nump">343,237<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseByNature', window );">Total expenses by nature</a></td>
<td class="nump">77,197,620<span></span>
</td>
<td class="nump">74,440,083<span></span>
</td>
<td class="nump">72,771,604<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of products and services sold</a></td>
<td class="nump">72,735,781<span></span>
</td>
<td class="nump">70,342,723<span></span>
</td>
<td class="nump">68,933,702<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling and marketing</a></td>
<td class="nump">2,885,311<span></span>
</td>
<td class="nump">2,651,501<span></span>
</td>
<td class="nump">2,516,561<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative</a></td>
<td class="nump">1,576,528<span></span>
</td>
<td class="nump">1,445,859<span></span>
</td>
<td class="nump">1,321,341<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseByNature', window );">Expenses by nature</a></td>
<td class="nump">R$ 77,197,620<span></span>
</td>
<td class="nump">R$ 74,440,083<span></span>
</td>
<td class="nump">R$ 72,771,604<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdvertisingAndMarketingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Advertising and marketing expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdvertisingAndMarketingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExpensesByNatureDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExpensesByNatureDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FreightAndStorageExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of Freight and storage expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FreightAndStorageExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2016-03-30&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs relating to expenses directly or indirectly attributed to the goods or services sold, which may include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, unallocated production overheads and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation expense. Depreciation is the systematic allocation of depreciable amounts of tangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseByNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses aggregated according to their nature (for example, depreciation, purchases of materials, transport costs, employee benefits and advertising costs), and not reallocated among functions within the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseByNature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of termination benefits. [Refer: Termination benefits expense; Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2016-01-13<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2016-03-30&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of payments on leases and subleases recognised as an expense by the lessee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2016-03-30&amp;anchor=para_35_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseAndSubleasePaymentsRecognisedAsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherExpenseByNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'nature of expense' form for its analysis of expenses. [Refer: Expenses, by nature]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherExpenseByNature</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RawMaterialsAndConsumablesUsed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of raw materials and consumables used in the production process or in the rendering of services. [Refer: Current raw materials]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RawMaterialsAndConsumablesUsed</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ServicesReceivedRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of services received in related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2016-01-13<br> -Paragraph 21<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2016-03-30&amp;anchor=para_21_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ServicesReceivedRelatedPartyTransactions</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6761315424">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>25. Expenses by Nature (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExpensesByNatureDetailsNarrativeAbstract', window );"><strong>Expenses By Nature Details Narrative</strong></a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ResearchAndDevelopmentExpense', window );">Research and development expenses</a></td>
<td class="nump">R$ 55,836<span></span>
</td>
<td class="nump">R$ 50,129<span></span>
</td>
<td class="nump">R$ 41,368<span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExpensesByNatureDetailsNarrativeAbstract</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenditure directly attributable to research or development activities, recognised in profit or loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2016-01-13<br> -Paragraph 126<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2016-03-30&amp;anchor=para_126&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ResearchAndDevelopmentExpense</td>
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<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759616320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>26. Gain (loss) on Disposal of Property, Plant, and Equipment and Intangibles (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract', window );"><strong>Gain Loss On Disposal Of Property Plant And Equipment And Intangibles Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="num">R$ (6,134)<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GainLossOnDisposalOfPropertyPlantAndEquipmentAndIntangiblesDetailsNarrativeAbstract</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on disposals of property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 98<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_98_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnDisposalsOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782744656">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>27. Other Operating Income, Net (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">R$ 59,360<span></span>
</td>
<td class="nump">R$ 198,972<span></span>
</td>
<td class="nump">R$ 50,584<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_CommercialPartnershipsMember', window );">Commercial partnerships</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">52,731<span></span>
</td>
<td class="nump">59,761<span></span>
</td>
<td class="nump">50,763<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_MerchandisingMember', window );">Merchandising</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">53,870<span></span>
</td>
<td class="nump">38,851<span></span>
</td>
<td class="nump">29,158<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_LoyaltyProgramMember', window );">Loyalty program</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">26,419<span></span>
</td>
<td class="nump">19,411<span></span>
</td>
<td class="nump">22,455<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_UltraCargoFireMember', window );">Ultracargo fire accident in Santos</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="num">(39,080)<span></span>
</td>
<td class="nump">76,443<span></span>
</td>
<td class="num">(92,192)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_ReversalOfProvisionMember', window );">Reversal of provision &#150; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">49,152<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_TCCMember', window );">TCC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="num">(85,819)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_CompensationOfUndueUseMember', window );">Compensation of undue use of Ultratecno brand</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_AdjustmentOfWorkingCapitalMember', window );">Adjustment of working capital and net debt Extrafarma acquisition</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">13,784<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OtherOperatingIncomeNetAxis=UGP_OtherOperatingIncomeOtherMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems', window );"><strong>SummaryOfOtherOperatingIncomeNetLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Other operating income, net</a></td>
<td class="nump">R$ 2,087<span></span>
</td>
<td class="nump">R$ 4,506<span></span>
</td>
<td class="nump">R$ 10,616<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfOtherOperatingIncomeNetLineItems">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfOtherOperatingIncomeNetLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:stringItemType</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2016-01-13<br> -Paragraph IE33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=32&amp;date=2016-03-30&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_CommercialPartnershipsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_MerchandisingMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_LoyaltyProgramMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_UltraCargoFireMember</td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherOperatingIncomeNetAxis=UGP_ReversalOfProvisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_ReversalOfProvisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherOperatingIncomeNetAxis=UGP_TCCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_TCCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherOperatingIncomeNetAxis=UGP_CompensationOfUndueUseMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_CompensationOfUndueUseMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherOperatingIncomeNetAxis=UGP_AdjustmentOfWorkingCapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_AdjustmentOfWorkingCapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OtherOperatingIncomeNetAxis=UGP_OtherOperatingIncomeOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OtherOperatingIncomeNetAxis=UGP_OtherOperatingIncomeOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>152
<FILENAME>R145.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782495200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>28. Financial Income (Expense) (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialIncomeExpenseDetailsAbstract', window );"><strong>Financial Income Expense Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialInvestmentsInterest', window );">Interest on financial investments</a></td>
<td class="nump">R$ 475,460<span></span>
</td>
<td class="nump">R$ 404,080<span></span>
</td>
<td class="nump">R$ 341,739<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestFromCustomers', window );">Interest from customers</a></td>
<td class="nump">105,773<span></span>
</td>
<td class="nump">103,976<span></span>
</td>
<td class="nump">81,374<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialIncomeOther', window );">Other financial income</a></td>
<td class="nump">3,868<span></span>
</td>
<td class="nump">5,187<span></span>
</td>
<td class="nump">3,316<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Financial income</a></td>
<td class="nump">585,101<span></span>
</td>
<td class="nump">513,243<span></span>
</td>
<td class="nump">426,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoanInterest', window );">Interest on loans</a></td>
<td class="num">(672,102)<span></span>
</td>
<td class="num">(777,424)<span></span>
</td>
<td class="num">(666,791)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebenturesInterest', window );">Interest on debentures</a></td>
<td class="num">(385,009)<span></span>
</td>
<td class="num">(374,125)<span></span>
</td>
<td class="num">(308,290)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinanceLeasesInterest', window );">Interest on finance leases</a></td>
<td class="num">(4,991)<span></span>
</td>
<td class="num">(7,839)<span></span>
</td>
<td class="num">(4,023)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BankChargesFinancialTransactionsTaxAndOtherCharges', window );">Bank charges, financial transactions tax, and other charges</a></td>
<td class="num">(91,614)<span></span>
</td>
<td class="num">(74,761)<span></span>
</td>
<td class="num">(46,966)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments', window );">Exchange variation, net of gains and losses with derivative instruments</a></td>
<td class="nump">72,869<span></span>
</td>
<td class="num">(69,854)<span></span>
</td>
<td class="num">(71,384)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ReversalOfProvision', window );">Reversal of provision &#8211; ICMS from PIS and COFINS tax bases (see Note 20.a.1.2)</a></td>
<td class="nump">43,411<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ChangesInSubscriptionWarranty', window );">Changes in subscription warranty&#8212;indemnification (see Note 22)</a></td>
<td class="num">(20,360)<span></span>
</td>
<td class="num">(42,615)<span></span>
</td>
<td class="num">(21,154)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_TccMonetaryRestatement', window );">TCC monetary restatement &#8211; Bahiana (see Notes 20.b.2.2 and 27)</a></td>
<td class="num">(13,509)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MonetaryRestatementOfProvisions', window );">Monetary restatement of provisions, net, and other financial expenses</a></td>
<td class="nump">11,908<span></span>
</td>
<td class="num">(9,201)<span></span>
</td>
<td class="num">(11,159)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Financial expense</a></td>
<td class="num">(1,059,397)<span></span>
</td>
<td class="num">(1,355,819)<span></span>
</td>
<td class="num">(1,129,767)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialIncomeExpense', window );">Financial income (expense)</a></td>
<td class="num">R$ (474,296)<span></span>
</td>
<td class="num">R$ (842,576)<span></span>
</td>
<td class="num">R$ (703,338)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BankChargesFinancialTransactionsTaxAndOtherCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bank charges, financial transactions tax, and other charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BankChargesFinancialTransactionsTaxAndOtherCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ChangesInSubscriptionWarranty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in subscription warranty&#8212;indemnification.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ChangesInSubscriptionWarranty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebenturesInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest on debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebenturesInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Exchange variation, net of gains and losses with derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExchangeVariationNetOfGainsAndLossesDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinanceLeasesInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest on finance leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinanceLeasesInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income (expense) associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialIncomeExpenseDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialIncomeExpenseDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialIncomeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financial income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialIncomeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialInvestmentsInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest on financial investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialInvestmentsInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestFromCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest from customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestFromCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoanInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest on loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoanInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MonetaryRestatementOfProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Monetary restatement of provisions, net, and other financial expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MonetaryRestatementOfProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ReversalOfProvision">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reversal of provision &#8211; ICMS from PIS and COFINS tax bases due to court decision that that the ICMS does not make up the calculation of PIS and COFINS tax bases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ReversalOfProvision</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_TccMonetaryRestatement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_TccMonetaryRestatement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>153
<FILENAME>R146.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6761051264">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>29. Earnings per Share (Details) - BRL (R$)<br> R$ / shares in Units, R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EarningsPerShareDetailsAbstract', window );"><strong>Earnings Per Share Details</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year of the Company</a></td>
<td class="nump">R$ 1,574,306<span></span>
</td>
<td class="nump">R$ 1,561,585<span></span>
</td>
<td class="nump">R$ 1,503,466<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageSharesBasic', window );">Weighted average shares outstanding - basic</a></td>
<td class="nump">541,813<span></span>
</td>
<td class="nump">541,391<span></span>
</td>
<td class="nump">543,775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings per share</a></td>
<td class="nump">R$ 2.9056<span></span>
</td>
<td class="nump">R$ 2.8844<span></span>
</td>
<td class="nump">R$ 2.7649<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageSharesDiluted', window );">Weighted average shares outstanding - diluted</a></td>
<td class="nump">545,740<span></span>
</td>
<td class="nump">545,509<span></span>
</td>
<td class="nump">548,054<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings per share</a></td>
<td class="nump">R$ 2.8847<span></span>
</td>
<td class="nump">R$ 2.8626<span></span>
</td>
<td class="nump">R$ 2.7433<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EarningsPerShareDetailsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EarningsPerShareDetailsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageSharesBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageSharesBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageSharesDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageSharesDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2016-01-13<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2016-03-30&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>154
<FILENAME>R147.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6701485536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>29. Earnings per Share (Details 1) - shares<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_EarningsPerShareDetails1Abstract', window );"><strong>Earnings Per Share Details 1</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageSharesBasic', window );">Weighted average shares outstanding for basic per share calculation:</a></td>
<td class="nump">541,813<span></span>
</td>
<td class="nump">541,391<span></span>
</td>
<td class="nump">543,775<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SubscriptionWarrantsIndemnificationShares', window );">Subscription warrants - indemnification</a></td>
<td class="nump">2,395<span></span>
</td>
<td class="nump">2,267<span></span>
</td>
<td class="nump">2,161<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DeferredStockPlanShares', window );">Deferred Stock Plan</a></td>
<td class="nump">1,532<span></span>
</td>
<td class="nump">1,851<span></span>
</td>
<td class="nump">2,118<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_WeightedAverageSharesDiluted', window );">Weighted average shares outstanding for diluted per share calculation</a></td>
<td class="nump">545,740<span></span>
</td>
<td class="nump">545,509<span></span>
</td>
<td class="nump">548,054<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DeferredStockPlanShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred Stock Plan, net recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DeferredStockPlanShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_EarningsPerShareDetails1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_EarningsPerShareDetails1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SubscriptionWarrantsIndemnificationShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Because of the association between the Company and Extrafarma on January 31, 2014, 7 subscription warrants &#8211; indemnification were issued. The subscription warrants &#8211; indemnification may be exercised beginning 2020 by the former shareholders of Extrafarma.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SubscriptionWarrantsIndemnificationShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageSharesBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageSharesBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_WeightedAverageSharesDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares shall be the weighted average number of ordinary shares outstanding during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_WeightedAverageSharesDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>155
<FILENAME>R148.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6798214704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>30. Segment Information (Details) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">R$ 80,007,422<span></span>
</td>
<td class="nump">R$ 77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">108,936<span></span>
</td>
<td class="nump">99,703<span></span>
</td>
<td class="nump">95,268<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">80,007,422<span></span>
</td>
<td class="nump">77,352,955<span></span>
</td>
<td class="nump">75,655,274<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">2,866,920<span></span>
</td>
<td class="nump">3,105,710<span></span>
</td>
<td class="nump">2,961,530<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="nump">20,673<span></span>
</td>
<td class="nump">7,476<span></span>
</td>
<td class="num">(10,884)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="num">(474,296)<span></span>
</td>
<td class="num">(842,576)<span></span>
</td>
<td class="num">(703,338)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income and social contribution taxes</a></td>
<td class="nump">2,413,297<span></span>
</td>
<td class="nump">2,270,610<span></span>
</td>
<td class="nump">2,247,308<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltragazMember', window );">Ultragaz</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">6,069,340<span></span>
</td>
<td class="nump">5,365,524<span></span>
</td>
<td class="nump">4,621,242<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">2,217<span></span>
</td>
<td class="nump">2,942<span></span>
</td>
<td class="nump">3,027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">6,067,123<span></span>
</td>
<td class="nump">5,362,582<span></span>
</td>
<td class="nump">4,618,215<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">269,125<span></span>
</td>
<td class="nump">288,449<span></span>
</td>
<td class="nump">213,895<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="nump">1,245<span></span>
</td>
<td class="num">(39)<span></span>
</td>
<td class="num">(55)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember', window );">Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">67,730,856<span></span>
</td>
<td class="nump">66,407,305<span></span>
</td>
<td class="nump">65,349,812<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">964<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">67,729,892<span></span>
</td>
<td class="nump">66,407,305<span></span>
</td>
<td class="nump">65,349,786<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">2,415,534<span></span>
</td>
<td class="nump">2,383,585<span></span>
</td>
<td class="nump">2,154,606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="num">(19,777)<span></span>
</td>
<td class="num">(23,178)<span></span>
</td>
<td class="num">(21,779)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember', window );">Oxiteno</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">3,957,584<span></span>
</td>
<td class="nump">3,700,703<span></span>
</td>
<td class="nump">4,082,479<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">919<span></span>
</td>
<td class="nump">2,519<span></span>
</td>
<td class="nump">2,576<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">3,956,665<span></span>
</td>
<td class="nump">3,698,184<span></span>
</td>
<td class="nump">4,079,903<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">140,262<span></span>
</td>
<td class="nump">308,177<span></span>
</td>
<td class="nump">579,541<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="nump">1,417<span></span>
</td>
<td class="nump">975<span></span>
</td>
<td class="nump">2,003<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember', window );">Ultracargo</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">438,360<span></span>
</td>
<td class="nump">355,412<span></span>
</td>
<td class="nump">315,510<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">54,174<span></span>
</td>
<td class="nump">48,941<span></span>
</td>
<td class="nump">44,395<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">384,186<span></span>
</td>
<td class="nump">306,471<span></span>
</td>
<td class="nump">271,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">74,880<span></span>
</td>
<td class="nump">127,904<span></span>
</td>
<td class="num">(16,058)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="nump">1,578<span></span>
</td>
<td class="num">(27)<span></span>
</td>
<td class="nump">699<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember', window );">Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">1,869,466<span></span>
</td>
<td class="nump">1,578,210<span></span>
</td>
<td class="nump">1,336,255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">1,869,466<span></span>
</td>
<td class="nump">1,578,210<span></span>
</td>
<td class="nump">1,336,255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="num">(36,854)<span></span>
</td>
<td class="num">(5,577)<span></span>
</td>
<td class="nump">4,985<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_SubtotalMember', window );">Subtotal</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">80,065,606<span></span>
</td>
<td class="nump">77,407,154<span></span>
</td>
<td class="nump">75,705,298<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">58,274<span></span>
</td>
<td class="nump">54,402<span></span>
</td>
<td class="nump">49,998<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">80,007,332<span></span>
</td>
<td class="nump">77,352,752<span></span>
</td>
<td class="nump">75,655,274<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">2,862,947<span></span>
</td>
<td class="nump">3,102,538<span></span>
</td>
<td class="nump">2,936,969<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="num">(15,537)<span></span>
</td>
<td class="num">(22,269)<span></span>
</td>
<td class="num">(19,132)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial result, net</a></td>
<td class="nump">2,064,683<span></span>
</td>
<td class="nump">1,673,468<span></span>
</td>
<td class="nump">1,414,687<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income and social contribution taxes</a></td>
<td class="nump">1,161,299<span></span>
</td>
<td class="nump">1,089,595<span></span>
</td>
<td class="nump">979,607<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="nump">50,752<span></span>
</td>
<td class="nump">45,504<span></span>
</td>
<td class="nump">45,244<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IntersegmentSales', window );">Intersegment sales</a></td>
<td class="nump">50,662<span></span>
</td>
<td class="nump">45,301<span></span>
</td>
<td class="nump">45,270<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RevenueExcludingIntersegmentRules', window );">Net revenue from sales and services, excluding intersegment rules</a></td>
<td class="nump">90<span></span>
</td>
<td class="nump">203<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherOperatingIncomeExpense', window );">Operating income (expense)</a></td>
<td class="nump">3,973<span></span>
</td>
<td class="nump">3,172<span></span>
</td>
<td class="nump">24,561<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Share of profit (loss) of joint-ventures and associates:</a></td>
<td class="nump">36,210<span></span>
</td>
<td class="nump">29,745<span></span>
</td>
<td class="nump">8,248<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IntersegmentMember', window );">Intersegment sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net revenue from sales and services</a></td>
<td class="num">R$ (108,936)<span></span>
</td>
<td class="num">R$ (99,703)<span></span>
</td>
<td class="num">R$ (95,268)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IntersegmentSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of sales between segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IntersegmentSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RevenueExcludingIntersegmentRules">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net revenue from sales and services, excluding intersegment sales change description to: Net revenue from sales and services, excluding intersegment sales.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RevenueExcludingIntersegmentRules</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSegmentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSegmentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherOperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income (expense) that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherOperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltragazMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltragazMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OxitenoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltracargoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_SubtotalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_SubtotalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IntersegmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IntersegmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>156
<FILENAME>R149.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6782452224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>30. Segment Information (Details 1) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">R$ 2,087,309<span></span>
</td>
<td class="nump">R$ 1,690,833<span></span>
</td>
<td class="nump">R$ 1,438,935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetirementsIntangibleAssetsAndGoodwill', window );">Asset retirement obligation - fuel tanks (see Note 19)</a></td>
<td class="num">(537)<span></span>
</td>
<td class="num">(483)<span></span>
</td>
<td class="num">(625)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingCostsCapitalised', window );">Capitalized borrowing costs</a></td>
<td class="num">(22,243)<span></span>
</td>
<td class="num">(23,980)<span></span>
</td>
<td class="num">(25,207)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow', window );">Total investments in property, plant, and equipment and intangible assets (cash flow)</a></td>
<td class="nump">2,064,529<span></span>
</td>
<td class="nump">1,666,370<span></span>
</td>
<td class="nump">1,413,103<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">1,175,951<span></span>
</td>
<td class="nump">1,103,538<span></span>
</td>
<td class="nump">1,002,647<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">28,340,322<span></span>
</td>
<td class="nump">24,159,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltragazMember', window );">Ultragaz</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">244,187<span></span>
</td>
<td class="nump">248,627<span></span>
</td>
<td class="nump">251,463<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">182,833<span></span>
</td>
<td class="nump">158,193<span></span>
</td>
<td class="nump">143,207<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">2,438,113<span></span>
</td>
<td class="nump">2,308,686<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember', window );">Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">1,077,318<span></span>
</td>
<td class="nump">911,927<span></span>
</td>
<td class="nump">921,634<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">716,831<span></span>
</td>
<td class="nump">695,664<span></span>
</td>
<td class="nump">612,727<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">15,410,667<span></span>
</td>
<td class="nump">11,663,289<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember', window );">Oxiteno</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">466,967<span></span>
</td>
<td class="nump">291,294<span></span>
</td>
<td class="nump">136,314<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">153,110<span></span>
</td>
<td class="nump">149,716<span></span>
</td>
<td class="nump">158,261<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">6,562,360<span></span>
</td>
<td class="nump">6,354,788<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember', window );">Ultracargo</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">105,028<span></span>
</td>
<td class="nump">81,166<span></span>
</td>
<td class="nump">24,463<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">47,669<span></span>
</td>
<td class="nump">43,356<span></span>
</td>
<td class="nump">41,668<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">1,394,087<span></span>
</td>
<td class="nump">1,535,815<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember', window );">Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">171,183<span></span>
</td>
<td class="nump">140,454<span></span>
</td>
<td class="nump">80,813<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">60,856<span></span>
</td>
<td class="nump">42,666<span></span>
</td>
<td class="nump">23,744<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">1,950,000<span></span>
</td>
<td class="nump">1,719,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets', window );">Total additions to property, plant, and equipment and intangible assets (see Notes 12 and 13)</a></td>
<td class="nump">22,626<span></span>
</td>
<td class="nump">17,365<span></span>
</td>
<td class="nump">24,248<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization charges:</a></td>
<td class="nump">14,652<span></span>
</td>
<td class="nump">13,943<span></span>
</td>
<td class="nump">R$ 23,040<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets (excluding intersegment account balances):</a></td>
<td class="nump">R$ 585,095<span></span>
</td>
<td class="nump">R$ 577,568<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AdditionsPropertyPlantAndEquipmentAndIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentsInPropertyPlantAndEquipmentAndIntangibleAssetsCashFlow</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSegmentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSegmentInformationLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2016-01-13<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2016-03-30&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingCostsCapitalised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest and other costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 23<br> -IssueDate 2016-01-13<br> -Paragraph 26<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=23&amp;date=2016-03-30&amp;anchor=para_26_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingCostsCapitalised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B13<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetirementsIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in intangible assets and goodwill resulting from retirements. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2016-01-13<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2016-03-30&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetirementsIntangibleAssetsAndGoodwill</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltragazMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltragazMember</td>
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<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OxitenoMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltracargoMember</td>
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<tr>
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<td></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OtherSegmentsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6783460544">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>30. Segment Information (Details 2) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">R$ 709,302<span></span>
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<td class="nump">R$ 440,769<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember', window );">United States</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedAndIntangibleAssets', window );">Fixed and intangible assets</a></td>
<td class="nump">511,912<span></span>
</td>
<td class="nump">264,478<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_MexicoMember', window );">Mexico</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedAndIntangibleAssets', window );">Fixed and intangible assets</a></td>
<td class="nump">109,034<span></span>
</td>
<td class="nump">103,051<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_UruguayMember', window );">Uruguay</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedAndIntangibleAssets', window );">Fixed and intangible assets</a></td>
<td class="nump">65,876<span></span>
</td>
<td class="nump">67,251<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember', window );">Venezuela</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedAndIntangibleAssets', window );">Fixed and intangible assets</a></td>
<td class="nump">R$ 22,480<span></span>
</td>
<td class="nump">R$ 5,989<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FixedAndIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fixed and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FixedAndIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSegmentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSegmentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_MexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_MexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_UruguayMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_UruguayMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>158
<FILENAME>R151.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6783984848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>30. Segment Information (Details 3) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">R$ 80,007,422<span></span>
</td>
<td class="nump">R$ 77,352,955<span></span>
</td>
<td class="nump">R$ 75,655,274<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_BrazilMember', window );">Brazil</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">78,763,771<span></span>
</td>
<td class="nump">76,283,061<span></span>
</td>
<td class="nump">74,337,803<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_MexicoMember', window );">Mexico</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">190,205<span></span>
</td>
<td class="nump">183,124<span></span>
</td>
<td class="nump">215,141<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_UruguayMember', window );">Uruguay</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">33,873<span></span>
</td>
<td class="nump">33,782<span></span>
</td>
<td class="nump">37,938<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember', window );">Venezuela</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">54,788<span></span>
</td>
<td class="nump">25,393<span></span>
</td>
<td class="nump">158,020<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_OtherLatinAmericanCountriesMember', window );">Other Latin American countries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">427,875<span></span>
</td>
<td class="nump">448,814<span></span>
</td>
<td class="nump">392,748<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember', window );">United States</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">292,709<span></span>
</td>
<td class="nump">158,280<span></span>
</td>
<td class="nump">166,277<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_FarEastMember', window );">Far East</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">72,469<span></span>
</td>
<td class="nump">57,662<span></span>
</td>
<td class="nump">190,160<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_EuropeContinentMember', window );">Europe</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">119,097<span></span>
</td>
<td class="nump">97,261<span></span>
</td>
<td class="nump">101,931<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=UGP_OtherRegionsMember', window );">Others</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfSegmentInformationLineItems', window );"><strong>SummaryOfSegmentInformationLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenue</a></td>
<td class="nump">R$ 52,635<span></span>
</td>
<td class="nump">R$ 65,578<span></span>
</td>
<td class="nump">R$ 55,256<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfSegmentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfSegmentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2016-01-13<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2016-03-30&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2016-03-30&amp;anchor=para_35_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2016-01-13<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2016-03-30&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_BrazilMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_BrazilMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_MexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_MexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_UruguayMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_UruguayMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_VenezuelaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_OtherLatinAmericanCountriesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_OtherLatinAmericanCountriesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_UnitedStatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_FarEastMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_FarEastMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_EuropeContinentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_EuropeContinentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=UGP_OtherRegionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=UGP_OtherRegionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>159
<FILENAME>R152.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6778267216">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details) - BRL (R$)<br> R$ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AssetsInForeignCurrencyAbstract', window );"><strong>Assets in foreign currency</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments', window );">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</a></td>
<td class="nump">R$ 236.4<span></span>
</td>
<td class="nump">R$ 423.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers', window );">Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers</a></td>
<td class="nump">214.9<span></span>
</td>
<td class="nump">323.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetInvestmentsInForeignSubsidiaries', window );">Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables)</a></td>
<td class="nump">930.0<span></span>
</td>
<td class="nump">600.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AssetsInForeignCurrency', window );">Assets in foreign currency</a></td>
<td class="nump">1,381.3<span></span>
</td>
<td class="nump">1,348.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LiabilitiesInForeignCurrencyAbstract', window );"><strong>Liabilities in foreign currency</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancingInForeignCurrency', window );">Financing in foreign currency, gross of transaction costs and discount</a></td>
<td class="num">(4,416.2)<span></span>
</td>
<td class="num">(4,736.3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_PayablesArisingFromImports', window );">Payables arising from imports, net of advances to foreign suppliers</a></td>
<td class="num">(173.1)<span></span>
</td>
<td class="num">(57.1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LiabilitiesInForeignCurrency', window );">Liabilities in foreign currency</a></td>
<td class="num">(4,589.3)<span></span>
</td>
<td class="num">(4,793.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignCurrencyHedgingInstruments', window );">Foreign currency hedging instruments</a></td>
<td class="nump">1,777.6<span></span>
</td>
<td class="nump">2,206.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetAssetLiabilityPositionTotal', window );">Net asset (liability) position &#8211; Total</a></td>
<td class="num">(1,430.4)<span></span>
</td>
<td class="num">(1,238.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetAssetLiabilityPositionIncomeStatementEffect', window );">Net asset (liability) position &#8211; Income statement effect</a></td>
<td class="num">(26.1)<span></span>
</td>
<td class="nump">24.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetAssetLiabilityPositionShareholdersEquityEffect', window );">Net asset (liability) position &#8211; Shareholders&#8217; equity effect</a></td>
<td class="num">R$ (1,404.3)<span></span>
</td>
<td class="num">R$ (1,263.6)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AssetsInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AssetsInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AssetsInForeignCurrencyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AssetsInForeignCurrencyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashCashEquivalentsAndFinancialInvestmentsInForeignCurrencyExceptHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancingInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information and subclassifications of Financing, classified in a manner appropriate to the entity's policies and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancingInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignCurrencyHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on Foreign currency hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignCurrencyHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount due from Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignTradeReceivablesNetOfAllowanceForDoubtfulAccountsAndAdvancesToForeignCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilitiesInForeignCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Liabilities held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilitiesInForeignCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilitiesInForeignCurrencyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Liabilities held in Foreign currency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilitiesInForeignCurrencyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetAssetLiabilityPositionIncomeStatementEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net asset (liability) position &#8211; Income statement effect</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetAssetLiabilityPositionIncomeStatementEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetAssetLiabilityPositionShareholdersEquityEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net asset (liability) position &#8211; Shareholders&#8217; equity effect</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetAssetLiabilityPositionShareholdersEquityEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetAssetLiabilityPositionTotal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net asset (liability) position &#8211; Total</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetAssetLiabilityPositionTotal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetInvestmentsInForeignSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investments in foreign subsidiaries (except cash, cash equivalents, financial investments, trade receivables, financing, and payables).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetInvestmentsInForeignSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_PayablesArisingFromImports">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables for foreign suppliers arising from imports, net of advances to foreign suppliers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_PayablesArisingFromImports</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>160
<FILENAME>R153.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797249664">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 1)<br> R$ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario1Member', window );">Scenario I</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncrease', window );">Income statement effect</a></td>
<td class="num">R$ (2.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectDecrease', window );">Shareholders' equity effect</a></td>
<td class="num">(140.4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect', window );">Total</a></td>
<td class="num">(143.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecrease', window );">Income statement effect</a></td>
<td class="nump">2.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectIncrease', window );">Shareholders' equity effect</a></td>
<td class="nump">140.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect', window );">Total</a></td>
<td class="nump">143.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario2Member', window );">Scenario II</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncrease', window );">Income statement effect</a></td>
<td class="num">(6.5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectDecrease', window );">Shareholders' equity effect</a></td>
<td class="num">(351.1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect', window );">Total</a></td>
<td class="num">(357.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecrease', window );">Income statement effect</a></td>
<td class="nump">6.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectIncrease', window );">Shareholders' equity effect</a></td>
<td class="nump">351.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect', window );">Total</a></td>
<td class="nump">357.6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario3Member', window );">Scenario III</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncrease', window );">Income statement effect</a></td>
<td class="num">(13.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectDecrease', window );">Shareholders' equity effect</a></td>
<td class="num">(702.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect', window );">Total</a></td>
<td class="num">(715.2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecrease', window );">Income statement effect</a></td>
<td class="nump">13.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ShareholdersEquityEffectIncrease', window );">Shareholders' equity effect</a></td>
<td class="nump">702.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect', window );">Total</a></td>
<td class="nump">R$ 715.2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeStatementEffectDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeStatementEffectDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeStatementEffectDecreaseShareholdersEquityIncreaseNetEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeStatementEffectIncrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeStatementEffectIncrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncomeStatementEffectIncreaseShareholdersEquityDecreaseNetEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareholdersEquityEffectDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareholdersEquityEffectDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ShareholdersEquityEffectIncrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effects regarding Real devaluation or appreciation risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ShareholdersEquityEffectIncrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>161
<FILENAME>R154.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6762101344">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 2) - BRL (R$)<br> R$ in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">R$ (5,286.6)<span></span>
</td>
<td class="num">R$ (3,837.2)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(4,446.8)<span></span>
</td>
<td class="num">(3,003.3)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Cash equivalents</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="nump">4,821.6<span></span>
</td>
<td class="nump">3,837.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Financial investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="nump">1,153.0<span></span>
</td>
<td class="nump">1,174.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Asset position of foreign exchange hedging instruments&#151;CDI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="nump">29.9<span></span>
</td>
<td class="nump">28.3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Loans and debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(7,987.3)<span></span>
</td>
<td class="num">(5,862.3)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Liability position of foreign exchange hedging instruments&#151;CDI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(1,877.4)<span></span>
</td>
<td class="num">(2,181.6)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember', window );">CDI | Liability position of hedging instruments from pre-fixed interest to CDI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(586.6)<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_TJLPMember', window );">TJLP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(301.9)<span></span>
</td>
<td class="num">(404.4)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_TJLPMember', window );">TJLP | Loans - TJLP</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(301.9)<span></span>
</td>
<td class="num">(404.4)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_LIBORMember', window );">LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(434.2)<span></span>
</td>
<td class="num">(320.4)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_LIBORMember', window );">LIBOR | Asset position of foreign exchange hedging instruments&#151;LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="nump">984.3<span></span>
</td>
<td class="nump">1,149.7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_LIBORMember', window );">LIBOR | Loans - LIBOR</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(1,418.5)<span></span>
</td>
<td class="num">(1,470.1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_TIIEMember', window );">TIIE</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(3.4)<span></span>
</td>
<td class="num">(9.6)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_TIIEMember', window );">TIIE | Loans - TIIE</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(3.4)<span></span>
</td>
<td class="num">(9.6)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_SELICMember', window );">SELIC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">(100.3)<span></span>
</td>
<td class="num">(99.5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=UGP_SELICMember', window );">SELIC | Loans - SELIC</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NetLiabilityPosition', window );">Net liability position</a></td>
<td class="num">R$ (100.3)<span></span>
</td>
<td class="num">R$ (99.5)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NetLiabilityPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net liability position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NetLiabilityPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=UGP_CDIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=UGP_CDIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_CashEquivalentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_CashEquivalentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_FinancialInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_FinancialInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_AssetPositionForeignExchangeHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_AssetPositionForeignExchangeHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LoansAndDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LoansAndDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LiabilityPositionForeignExchangeHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LiabilityPositionHedgingInstrumentsPreFixedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LiabilityPositionHedgingInstrumentsPreFixedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=UGP_TJLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=UGP_TJLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LoansTJLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LoansTJLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=UGP_LIBORMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=UGP_LIBORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_AssetPositionForeignExchangeHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_AssetPositionForeignExchangeHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LoansLIBORMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LoansLIBORMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=UGP_TIIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=UGP_TIIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LoansTIIEMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LoansTIIEMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=UGP_SELICMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=UGP_SELICMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LiabilityPositionAxis=UGP_LoansSELICMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LiabilityPositionAxis=UGP_LoansSELICMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>162
<FILENAME>R155.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6797306912">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 3)<br> R$ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario1Member', window );">Scenario I</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExposureOfInterestRateRiskAbstract', window );"><strong>Exposure of interest rate risk</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments', window );">Interest effect on cash equivalents and financial investments</a></td>
<td class="nump">R$ 47.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect', window );">Foreign exchange hedging instruments (assets in CDI) effect</a></td>
<td class="nump">0.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtCDI', window );">Interest effect on debt in CDI</a></td>
<td class="num">(67.2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect', window );">Interest rate hedging instruments (liabilities in CDI) effect</a></td>
<td class="num">(38.6)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesCDI', window );">Incremental expenses, CDI</a></td>
<td class="num">(58.3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTJLP', window );">Interest effect on debt in TJLP</a></td>
<td class="num">(2.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTJLP', window );">Incremental expenses, TJLP</a></td>
<td class="num">(2.3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect', window );">Foreign exchange hedging instruments (assets in LIBOR) effect</a></td>
<td class="nump">1.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtLIBOR', window );">Interest effect on debt in LIBOR</a></td>
<td class="num">(1.7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesLIBOR', window );">Incremental expenses, LIBOR</a></td>
<td class="num">(0.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTIIE', window );">Interest effect on debt in TIIE</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTIIE', window );">Incremental expenses, TIIE</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtSELIC', window );">Interest effect on debt in SELIC</a></td>
<td class="num">(1.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesSELIC', window );">Incremental expenses, SELIC</a></td>
<td class="num">(1.0)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario2Member', window );">Scenario II</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExposureOfInterestRateRiskAbstract', window );"><strong>Exposure of interest rate risk</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments', window );">Interest effect on cash equivalents and financial investments</a></td>
<td class="nump">118.1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect', window );">Foreign exchange hedging instruments (assets in CDI) effect</a></td>
<td class="nump">0.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtCDI', window );">Interest effect on debt in CDI</a></td>
<td class="num">(168.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect', window );">Interest rate hedging instruments (liabilities in CDI) effect</a></td>
<td class="num">(94.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesCDI', window );">Incremental expenses, CDI</a></td>
<td class="num">(143.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTJLP', window );">Interest effect on debt in TJLP</a></td>
<td class="num">(5.6)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTJLP', window );">Incremental expenses, TJLP</a></td>
<td class="num">(5.6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect', window );">Foreign exchange hedging instruments (assets in LIBOR) effect</a></td>
<td class="nump">3.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtLIBOR', window );">Interest effect on debt in LIBOR</a></td>
<td class="num">(4.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesLIBOR', window );">Incremental expenses, LIBOR</a></td>
<td class="num">(1.0)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTIIE', window );">Interest effect on debt in TIIE</a></td>
<td class="num">(0.1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTIIE', window );">Incremental expenses, TIIE</a></td>
<td class="num">(0.1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtSELIC', window );">Interest effect on debt in SELIC</a></td>
<td class="num">(2.5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesSELIC', window );">Incremental expenses, SELIC</a></td>
<td class="num">(2.5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario3Member', window );">Scenario III</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ExposureOfInterestRateRiskAbstract', window );"><strong>Exposure of interest rate risk</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments', window );">Interest effect on cash equivalents and financial investments</a></td>
<td class="nump">236.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect', window );">Foreign exchange hedging instruments (assets in CDI) effect</a></td>
<td class="nump">1.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtCDI', window );">Interest effect on debt in CDI</a></td>
<td class="num">(336.0)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect', window );">Interest rate hedging instruments (liabilities in CDI) effect</a></td>
<td class="num">(186.7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesCDI', window );">Incremental expenses, CDI</a></td>
<td class="num">(285.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTJLP', window );">Interest effect on debt in TJLP</a></td>
<td class="num">(11.3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTJLP', window );">Incremental expenses, TJLP</a></td>
<td class="num">(11.3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect', window );">Foreign exchange hedging instruments (assets in LIBOR) effect</a></td>
<td class="nump">6.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtLIBOR', window );">Interest effect on debt in LIBOR</a></td>
<td class="num">(8.7)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesLIBOR', window );">Incremental expenses, LIBOR</a></td>
<td class="num">(1.9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtTIIE', window );">Interest effect on debt in TIIE</a></td>
<td class="num">(0.2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesTIIE', window );">Incremental expenses, TIIE</a></td>
<td class="num">(0.2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestEffectOnDebtSELIC', window );">Interest effect on debt in SELIC</a></td>
<td class="num">(4.9)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_IncrementalExpensesSELIC', window );">Incremental expenses, SELIC</a></td>
<td class="num">R$ (4.9)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ExposureOfInterestRateRiskAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ExposureOfInterestRateRiskAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Foreign exchange hedging instruments (assets in CDI) effect regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignExchangeHedgingInstrumentsAssetsCDIEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Foreign exchange hedging instruments (assets in LIBOR) effect regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ForeignExchangeHedgingInstrumentsAssetsLIBOREffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncrementalExpensesCDI">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incremental expenses, CDI regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncrementalExpensesCDI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncrementalExpensesLIBOR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incremental expenses, LIBOR regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncrementalExpensesLIBOR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncrementalExpensesSELIC">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incremental expenses, SELIC regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncrementalExpensesSELIC</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncrementalExpensesTIIE">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incremental expenses, TIIE regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncrementalExpensesTIIE</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_IncrementalExpensesTJLP">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in TJLP regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_IncrementalExpensesTJLP</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on cash equivalents and financial investments regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnCashEquivalentsAndFinancialInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnDebtCDI">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in CDI regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnDebtCDI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnDebtLIBOR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in LIBOR regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnDebtLIBOR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnDebtSELIC">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in SELIC regarding Exposure of interest rate risk .</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnDebtSELIC</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnDebtTIIE">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in TIIE regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnDebtTIIE</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestEffectOnDebtTJLP">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest effect on debt in TJLP regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestEffectOnDebtTJLP</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest rate hedging instruments (liabilities in CDI) effect regarding Exposure of interest rate risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestRateHedgingInstrumentsLiabilitiesCDIEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>163
<FILENAME>R156.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6784384224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 4) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">R$ 295,580<span></span>
</td>
<td class="nump">R$ 233,332<span></span>
</td>
<td class="nump">R$ 200,816<span></span>
</td>
<td class="nump">R$ 178,444<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember', window );">Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">238,697<span></span>
</td>
<td class="nump">182,252<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltragazMember', window );">Ultragaz</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">39,034<span></span>
</td>
<td class="nump">33,804<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember', window );">Oxiteno</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">10,755<span></span>
</td>
<td class="nump">10,856<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember', window );">Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">4,922<span></span>
</td>
<td class="nump">3,449<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember', window );">Ultracargo</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable', window );">Allowances for doubful accounts on trade receivable</a></td>
<td class="nump">R$ 2,172<span></span>
</td>
<td class="nump">R$ 2,971<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_AllowancesForDoubfulAccountsOnTradeReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Balance of allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_AllowancesForDoubfulAccountsOnTradeReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltragazMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltragazMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OxitenoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltracargoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>164
<FILENAME>R157.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777393456">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 5)<br> R$ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_TotalMember', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansIncludingFutureContractualInterest', window );">Loans including future contractual interest</a></td>
<td class="nump">R$ 16,571.3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyAndInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">422.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables</a></td>
<td class="nump">2,155.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_LessThanOneYearMember', window );">Less than 1 year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansIncludingFutureContractualInterest', window );">Loans including future contractual interest</a></td>
<td class="nump">3,809.9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyAndInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">145.2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables</a></td>
<td class="nump">2,155.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_Between1And3YearsMember', window );">Between 1 and 3 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansIncludingFutureContractualInterest', window );">Loans including future contractual interest</a></td>
<td class="nump">3,514.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyAndInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">136.6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_Between3And5YearsMember', window );">Between 3 and 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansIncludingFutureContractualInterest', window );">Loans including future contractual interest</a></td>
<td class="nump">4,968.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyAndInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">113.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables</a></td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember', window );">More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LoansIncludingFutureContractualInterest', window );">Loans including future contractual interest</a></td>
<td class="nump">4,279.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencyAndInterestRateHedgingInstruments', window );">Currency and interest rate hedging instruments</a></td>
<td class="nump">27.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherPayables', window );">Trade payables</a></td>
<td class="nump">R$ 0.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrencyAndInterestRateHedgingInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Currency and interest rate hedging instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrencyAndInterestRateHedgingInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LoansIncludingFutureContractualInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of loans including future contractual interest. The extension of money from one party to another with the agreement that the money will be repaid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LoansIncludingFutureContractualInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of trade payables and other payables. [Refer: Trade payables; Other payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_TotalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_TotalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_LessThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_LessThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_Between1And3YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_Between1And3YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_Between3And5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_Between3And5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6783099568">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 6)<br> R$ in Millions, $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">R$ (77.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 16.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">2,415.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">2,493.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapReceivableInUSDollarsMember', window );">Exchange rate swaps receivable in U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(70.0)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">52.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">1,807.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">1,877.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapReceivableInUSDollarsMember', window );">Exchange rate swaps receivable in U.S. dollars | Receivables in U.S. dollars (LIBOR)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">300.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">350.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">984.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,149.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">984.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapReceivableInUSDollarsMember', window );">Exchange rate swaps receivable in U.S. dollars | Receivables in U.S. dollars (Fixed)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">956.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,062.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">823.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,084.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">823.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapReceivableInUSDollarsMember', window );">Exchange rate swaps receivable in U.S. dollars | Payables in CDI interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,256.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,412.4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(1,877.4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,181.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">1,877.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember', window );">Exchange rate swaps payable in U.S. dollars + COUPON</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">0.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">29.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">29.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember', window );">Exchange rate swaps payable in U.S. dollars + COUPON | Receivables in CDI interest rates</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8.5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">29.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">29.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ExchangeRateSwapsPayableInUSDollarsCouponMember', window );">Exchange rate swaps payable in U.S. dollars + COUPON | Payables in U.S. dollars (Fixed)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (9.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (8.5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(29.8)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(27.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">29.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_InterestRateSwapsInBrazilianReaisMember', window );">Interest rate swaps in Brazilian Reais | Receivables in fixed interest rates + IPCA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">566.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">583.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">583.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_PayablesInCDIInterestRateMember', window );">Payables in CDI interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(3.3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">583.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">586.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_PayablesInCDIInterestRateMember', window );">Payables in CDI interest rate | Payables in CDI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="num">(566.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(586.6)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">586.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentsGrossResultMember', window );">Gross result</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(73.2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="nump">2,420.6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">2,493.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentsIncomeTaxMember', window );">Income tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">(4.7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(36.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsReceivable', window );">Amounts receivable</a></td>
<td class="num">(4.7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsAmountsPayable', window );">Amounts payable</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentsPositiveResultMember', window );">Positive result</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="nump">85.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">218.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentsNegativeResultMember', window );">Negative result</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_HedgingInstrumentsPositionFairValue', window );">Fair value</a></td>
<td class="num">R$ (163.7)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">R$ (202.3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_HedgingInstrumentsAmountsPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amounts payable - position of hedging instruments entered into by the Company and its subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_HedgingInstrumentsAmountsPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_HedgingInstrumentsAmountsReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amounts receivable - position of hedging instruments entered into by the Company and its subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_HedgingInstrumentsAmountsReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_HedgingInstrumentsPositionFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value - position of hedging instruments entered into by the Company and its subsidiaries. For each class of financial assets and financial liabilities, an entity shall disclose the fair value of that class of assets and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_HedgingInstrumentsPositionFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2016-01-13<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2016-03-30&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6791274448">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 7) - BRL (R$)<br> R$ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ProfitOrLossMember', window );">Profit or loss</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="num">R$ (157.2)<span></span>
</td>
<td class="num">R$ (196.8)<span></span>
</td>
<td class="num">R$ (144.2)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ProfitOrLossMember', window );">Profit or loss | Exchange rate swaps receivable in U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="num">(72.1)<span></span>
</td>
<td class="num">(177.0)<span></span>
</td>
<td class="num">(143.1)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ProfitOrLossMember', window );">Profit or loss | Exchange rate swaps payable in U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="nump">3.2<span></span>
</td>
<td class="nump">9.2<span></span>
</td>
<td class="num">(2.2)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ProfitOrLossMember', window );">Profit or loss | Interest rate swaps in R$</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="nump">15.9<span></span>
</td>
<td class="num">(0.5)<span></span>
</td>
<td class="nump">1.1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_ProfitOrLossMember', window );">Profit or loss | Non-derivative financial instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="num">(104.2)<span></span>
</td>
<td class="num">(28.5)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentEquityMember', window );">Equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="num">(31.4)<span></span>
</td>
<td class="num">(28.7)<span></span>
</td>
<td class="num">(25.0)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentEquityMember', window );">Equity | Exchange rate swaps receivable in U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="nump">5.3<span></span>
</td>
<td class="num">(13.8)<span></span>
</td>
<td class="nump">6.3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentEquityMember', window );">Equity | Exchange rate swaps payable in U.S. dollars</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="num">(31.3)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentEquityMember', window );">Equity | Interest rate swaps in R$</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
<td class="nump">R$ 0.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=UGP_HedgingInstrumentEquityMember', window );">Equity | Non-derivative financial instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgingInstrument', window );">Gain (loss) on hedging instruments</a></td>
<td class="num">R$ (36.7)<span></span>
</td>
<td class="num">R$ (14.9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on hedging instruments in fair value hedges. [Refer: Fair value hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 24<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_24_a_i&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnHedgingInstrument</td>
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6762255792">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 8) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 6,369,928<span></span>
</td>
<td class="nump">R$ 5,701,849<span></span>
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</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">6,369,928<span></span>
</td>
<td class="nump">5,701,849<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">13,762,053<span></span>
</td>
<td class="nump">11,570,559<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 13,784,913<span></span>
</td>
<td class="nump">R$ 11,461,409<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember', window );">Cash and bank deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Loans and receivables<span></span>
</td>
<td class="text">Loans and receivables<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 147,926<span></span>
</td>
<td class="nump">R$ 113,318<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 147,926<span></span>
</td>
<td class="nump">R$ 113,318<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember', window );">Financial investments in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 4,821,605<span></span>
</td>
<td class="nump">R$ 3,837,807<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 4,821,605<span></span>
</td>
<td class="nump">R$ 3,837,807<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember', window );">Financial investments in foreign currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 32,473<span></span>
</td>
<td class="nump">R$ 323,033<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 32,473<span></span>
</td>
<td class="nump">R$ 323,033<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Available for sale<span></span>
</td>
<td class="text">Available for sale<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 68,742<span></span>
</td>
<td class="nump">R$ 113,640<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 68,742<span></span>
</td>
<td class="nump">R$ 113,640<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 1,076,849<span></span>
</td>
<td class="nump">R$ 1,053,369<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 1,076,849<span></span>
</td>
<td class="nump">R$ 1,053,369<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Held to maturity<span></span>
</td>
<td class="text">Held to maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 7,449<span></span>
</td>
<td class="nump">R$ 7,449<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 7,449<span></span>
</td>
<td class="nump">R$ 7,449<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember', window );">Fixed-income securities and funds in foreign currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Available for sale<span></span>
</td>
<td class="text">Available for sale<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 129,131<span></span>
</td>
<td class="nump">R$ 34,775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 129,131<span></span>
</td>
<td class="nump">R$ 34,775<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember', window );">Currency and interest rate hedging instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, carrying value</a></td>
<td class="nump">R$ 85,753<span></span>
</td>
<td class="nump">R$ 218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 85,753<span></span>
</td>
<td class="nump">R$ 218,458<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member', window );">Financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 1,047,809<span></span>
</td>
<td class="nump">R$ 1,428,907<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 1,047,809<span></span>
</td>
<td class="nump">R$ 1,428,907<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member', window );">Financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 6,740,872<span></span>
</td>
<td class="nump">R$ 6,990,269<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 6,761,907<span></span>
</td>
<td class="nump">R$ 6,881,085<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 5,035,247<span></span>
</td>
<td class="nump">R$ 2,746,881<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 5,037,072<span></span>
</td>
<td class="nump">R$ 2,746,915<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures1Member', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 554,402<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 554,402<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember', window );">Finance Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 48,515<span></span>
</td>
<td class="nump">R$ 48,716<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 48,515<span></span>
</td>
<td class="nump">R$ 48,716<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember', window );">Currency and interest rate hedging&#160;instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 163,749<span></span>
</td>
<td class="nump">R$ 202,357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 163,749<span></span>
</td>
<td class="nump">R$ 202,357<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember', window );">Subscription warrants - indemnification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CategoryOfFinancialAssetsAndLiabilities', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Financial liabilities, carrying value</a></td>
<td class="nump">R$ 171,459<span></span>
</td>
<td class="nump">R$ 153,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 171,459<span></span>
</td>
<td class="nump">R$ 153,429<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CategoryOfFinancialAssetsAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CategoryOfFinancialAssetsAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial assets. [Refer: At fair value [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Financial liabilities; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial liabilities. [Refer: At fair value [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>168
<FILENAME>R161.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777516208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 9) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 6,369,928<span></span>
</td>
<td class="nump">R$ 5,701,849<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">6,195,600<span></span>
</td>
<td class="nump">5,480,783<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">174,328<span></span>
</td>
<td class="nump">221,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">13,784,913<span></span>
</td>
<td class="nump">11,461,409<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">2,523,643<span></span>
</td>
<td class="nump">2,338,920<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">11,261,270<span></span>
</td>
<td class="nump">9,122,489<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember', window );">Cash and bank deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Loans and receivables<span></span>
</td>
<td class="text">Loans and receivables<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 147,926<span></span>
</td>
<td class="nump">R$ 113,318<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">147,926<span></span>
</td>
<td class="nump">113,318<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember', window );">Financial investments in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 4,821,605<span></span>
</td>
<td class="nump">R$ 3,837,807<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">4,821,605<span></span>
</td>
<td class="nump">3,837,807<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember', window );">Financial investments in foreign currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 32,473<span></span>
</td>
<td class="nump">R$ 323,033<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">32,473<span></span>
</td>
<td class="nump">323,033<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Available for sale<span></span>
</td>
<td class="text">Available for sale<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 68,742<span></span>
</td>
<td class="nump">R$ 113,640<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">68,742<span></span>
</td>
<td class="nump">113,640<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 1,076,849<span></span>
</td>
<td class="nump">R$ 1,053,369<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">1,076,849<span></span>
</td>
<td class="nump">1,053,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member', window );">Fixed-income securities and funds in local currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Held to maturity<span></span>
</td>
<td class="text">Held to maturity<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 7,449<span></span>
</td>
<td class="nump">R$ 7,449<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">7,449<span></span>
</td>
<td class="nump">7,449<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember', window );">Fixed-income securities and funds in foreign currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Available for sale<span></span>
</td>
<td class="text">Available for sale<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 129,131<span></span>
</td>
<td class="nump">R$ 34,775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">40,556<span></span>
</td>
<td class="nump">32,167<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">88,575<span></span>
</td>
<td class="nump">2,608<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember', window );">Currency and interest rate hedging instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">R$ 85,753<span></span>
</td>
<td class="nump">R$ 218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">85,753<span></span>
</td>
<td class="nump">218,458<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialAssetTotalMember', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Financial assets, fair value</a></td>
<td class="nump">6,369,928<span></span>
</td>
<td class="nump">5,701,849<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">6,195,600<span></span>
</td>
<td class="nump">5,480,783<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">174,328<span></span>
</td>
<td class="nump">221,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member', window );">Financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 1,047,809<span></span>
</td>
<td class="nump">R$ 1,428,907<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">1,047,809<span></span>
</td>
<td class="nump">1,428,907<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member', window );">Financing</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 6,761,907<span></span>
</td>
<td class="nump">R$ 6,881,085<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">2,523,643<span></span>
</td>
<td class="nump">2,338,920<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">4,238,264<span></span>
</td>
<td class="nump">4,542,165<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 5,037,072<span></span>
</td>
<td class="nump">R$ 2,746,915<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">5,037,072<span></span>
</td>
<td class="nump">2,746,915<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures2Member', window );">Debentures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 554,402<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">554,402<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember', window );">Finance Leases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at amortized cost<span></span>
</td>
<td class="text">Measured at amortized cost<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 48,515<span></span>
</td>
<td class="nump">R$ 48,716<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">48,515<span></span>
</td>
<td class="nump">48,716<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember', window );">Currency and interest rate hedging&#160;instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 163,749<span></span>
</td>
<td class="nump">R$ 202,357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">163,749<span></span>
</td>
<td class="nump">202,357<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember', window );">Subscription warrants - indemnification</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialAssetLiabilityCategory', window );">Category</a></td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
<td class="text">Measured at fair value through profit or loss<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">R$ 171,459<span></span>
</td>
<td class="nump">R$ 153,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">171,459<span></span>
</td>
<td class="nump">153,429<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialLiabilitiesTotalMember', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesFairValue', window );">Financial liabilities, fair value</a></td>
<td class="nump">13,784,913<span></span>
</td>
<td class="nump">11,461,409<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy', window );">Level 1</a></td>
<td class="nump">2,523,643<span></span>
</td>
<td class="nump">2,338,920<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy', window );">Level 2</a></td>
<td class="nump">11,261,270<span></span>
</td>
<td class="nump">9,122,489<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy', window );">Level 3</a></td>
<td class="nump">R$ 0<span></span>
</td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialAssetLiabilityCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialAssetLiabilityCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialAssetsLevel1OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis of Assets and Liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialAssetsLevel1OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialAssetsLevel2OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis of Assets and Liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialAssetsLevel2OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialAssetsLevel3OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity Analysis of Assets and Liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialAssetsLevel3OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialLiabilitiesFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialLiabilitiesFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialLiabilitiesLevel1OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialLiabilitiesLevel2OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FinancialLiabilitiesLevel3OfFairValueHierarchy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2016-03-31<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2016-01-13<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2016-03-30&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CashAndBankDepositsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsLocalCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialInvestmentsForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesLocalCurrency3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FixedIncomeSecuritiesForeignCurrencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialAssetTotalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialAssetTotalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Financing2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_DebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_Debentures2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinanceLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_CurrencyInterestRateHedgingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_SubscriptionWarrantsIndemnificationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialLiabilitiesTotalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=UGP_FinancialLiabilitiesTotalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>169
<FILENAME>R162.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6785850976">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details 10)<br> R$ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario1Member', window );">Scenario I</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsReceivableInUSDollarsAbstract', window );"><strong>Currency swaps receivable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwaps', window );">U.S. Dollar/ Real swaps</a></td>
<td class="nump">R$ 198,138<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebtsFirmCommitmentsInDollars', window );">Debts/firm commitments in dollars</a></td>
<td class="num">(198,130)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsPayableInUSDollarsAbstract', window );"><strong>Currency swaps payable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwaps', window );">Real/ U.S. Dollar swaps</a></td>
<td class="num">(97)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrossMarginOfOxitenoSwapPayable', window );">Gross margin of Oxiteno</a></td>
<td class="nump">97<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract', window );"><strong>Interest rate swap (in Brazilian Reais) &#8211; Debentures&#8212;CRA</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapCDI', window );">Fixed rate swap - CDI</a></td>
<td class="nump">13,691<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateDebt', window );">Fixed rate debt</a></td>
<td class="num">(13,691)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapNetEffect', window );">Net effect</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario2Member', window );">Scenario II</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsReceivableInUSDollarsAbstract', window );"><strong>Currency swaps receivable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwaps', window );">U.S. Dollar/ Real swaps</a></td>
<td class="nump">690,432<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebtsFirmCommitmentsInDollars', window );">Debts/firm commitments in dollars</a></td>
<td class="num">(690,415)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsPayableInUSDollarsAbstract', window );"><strong>Currency swaps payable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwaps', window );">Real/ U.S. Dollar swaps</a></td>
<td class="nump">7,486<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrossMarginOfOxitenoSwapPayable', window );">Gross margin of Oxiteno</a></td>
<td class="num">(7,486)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract', window );"><strong>Interest rate swap (in Brazilian Reais) &#8211; Debentures&#8212;CRA</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapCDI', window );">Fixed rate swap - CDI</a></td>
<td class="nump">95,292<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateDebt', window );">Fixed rate debt</a></td>
<td class="num">(95,292)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapNetEffect', window );">Net effect</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_ScenarioAxis=UGP_Scenario3Member', window );">Scenario III</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsReceivableInUSDollarsAbstract', window );"><strong>Currency swaps receivable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwaps', window );">U.S. Dollar/ Real swaps</a></td>
<td class="nump">1,182,726<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_DebtsFirmCommitmentsInDollars', window );">Debts/firm commitments in dollars</a></td>
<td class="num">(1,182,700)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_USDollarToRealSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">26<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CurrencySwapsPayableInUSDollarsAbstract', window );"><strong>Currency swaps payable in U.S. dollars</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwaps', window );">Real/ U.S. Dollar swaps</a></td>
<td class="nump">15,069<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GrossMarginOfOxitenoSwapPayable', window );">Gross margin of Oxiteno</a></td>
<td class="num">(15,069)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_RealToUSDollarSwapsNetEffect', window );">Net effect</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract', window );"><strong>Interest rate swap (in Brazilian Reais) &#8211; Debentures&#8212;CRA</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapCDI', window );">Fixed rate swap - CDI</a></td>
<td class="nump">192,204<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateDebt', window );">Fixed rate debt</a></td>
<td class="num">(192,204)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FixedRateSwapNetEffect', window );">Net effect</a></td>
<td class="nump">R$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrencySwapsPayableInUSDollarsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrencySwapsPayableInUSDollarsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CurrencySwapsReceivableInUSDollarsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CurrencySwapsReceivableInUSDollarsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_DebtsFirmCommitmentsInDollars">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debts/firm commitments in dollars.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_DebtsFirmCommitmentsInDollars</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FixedRateDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FixedRateDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FixedRateSwapCDI">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FixedRateSwapCDI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FixedRateSwapNetEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FixedRateSwapNetEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GrossMarginOfOxitenoSwapPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross margin of Oxiteno.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GrossMarginOfOxitenoSwapPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InterestRateSwapInBrazilianReaisDebenturesCRAAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RealToUSDollarSwaps">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Real/ U.S. Dollar swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RealToUSDollarSwaps</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_RealToUSDollarSwapsNetEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_RealToUSDollarSwapsNetEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_USDollarToRealSwaps">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>U.S. Dollar/ Real swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_USDollarToRealSwaps</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_USDollarToRealSwapsNetEffect">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_USDollarToRealSwapsNetEffect</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario2Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario2Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_ScenarioAxis=UGP_Scenario3Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_ScenarioAxis=UGP_Scenario3Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>170
<FILENAME>R163.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6761849280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>31. Risks and Financial Instruments (Details Narrative) - BRL (R$)<br> R$ in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashCashEquivalentsAndShortTermFinancialInvestments', window );">Cash, cash equivalents, and short-term financial investments</a></td>
<td class="nump">R$ 6,285.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges', window );">Notional amount of exchange rate hedging instruments of firm commitments designated as cash flow hedges</a></td>
<td class="nump">115.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LossFromCashFlowHedges', window );">Cash flow hedges loss</a></td>
<td class="num">(45.4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet', window );">Unrealized gain (loss) of other comprehensive income, net of deferred income and social contribution taxes</a></td>
<td class="nump">5.3<span></span>
</td>
<td class="num">R$ (13.8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket', window );">Notional amount of foreign exchange hedging instruments for highly probable future transactions designated as fair value hedge, related to notes in the foreign market</a></td>
<td class="nump">570.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet', window );">Unrealized loss of other comprehensive income, net of deferred income and social contribution taxes</a></td>
<td class="num">(30.5)<span></span>
</td>
<td class="num">(12.1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities', window );">Balance of foreign exchange hedging instruments designated as net investments hedge in foreign entities</a></td>
<td class="nump">113.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet', window );">Unrealized loss of other comprehensive income, net of deferred income and social contribution taxes</a></td>
<td class="num">(6.2)<span></span>
</td>
<td class="num">R$ (2.8)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=UGP_ForeignExchangeHedgingInstrumentsMember', window );">Foreign exchange hedging instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NotionalAmountDesignatedAsFairValueHedge', window );">Notional amount designated as fair value hedge</a></td>
<td class="nump">320.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LossRelatedToHedgingInstrument', window );">Loss related to hedging instrument</a></td>
<td class="num">(143.4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GainRelatedToFairValueAdjustmentOfDebt', window );">Gain related to the fair value adjustment of debt</a></td>
<td class="nump">16.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LossRelatedToFinancialExpenseOfDebt', window );">Loss related to the financial expense of the debt</a></td>
<td class="num">(4.1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=UGP_InterestRateHedgingInstrumentsMember', window );">Interest rate hedging instruments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems', window );"><strong>SummaryOfRisksAndFinancialInstrumentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_NotionalAmountDesignatedAsFairValueHedge', window );">Notional amount designated as fair value hedge</a></td>
<td class="nump">566.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LossRelatedToHedgingInstrument', window );">Loss related to hedging instrument</a></td>
<td class="num">(3.3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_GainRelatedToFairValueAdjustmentOfDebt', window );">Gain related to the fair value adjustment of debt</a></td>
<td class="nump">19.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_LossRelatedToFinancialExpenseOfDebt', window );">Loss related to the financial expense of the debt</a></td>
<td class="num">R$ (18.5)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_BalanceOfForeignExchangeHedgingInstrumentsDesignatedAsNetInvestmentsHedgeInForeignEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashCashEquivalentsAndShortTermFinancialInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashCashEquivalentsAndShortTermFinancialInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashFlowHedgeUnrealizedGainLossOfOtherComprehensiveIncomeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CashFlowHedgeUnrealizedLossOfOtherComprehensiveIncomeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_GainRelatedToFairValueAdjustmentOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_GainRelatedToFairValueAdjustmentOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_InvestmentHegeInForeignEntitiesUnrealizedLossOfOtherComprehensiveIncomeNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LossFromCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LossFromCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LossRelatedToFinancialExpenseOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LossRelatedToFinancialExpenseOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_LossRelatedToHedgingInstrument">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_LossRelatedToHedgingInstrument</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NotionalAmountDesignatedAsFairValueHedge">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NotionalAmountDesignatedAsFairValueHedge</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NotionalAmountOfExchangeRateHedgingInstrumentsOfFirmCommitmentsDesignatedAsCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_NotionalAmountOfForeignExchangeHedgingInstrumentsForHighlyProbableFutureTransactionsDesignatedAsFairValueHedgeRelatedToNotesInForeignMarket</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfRisksAndFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfRisksAndFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=UGP_ForeignExchangeHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=UGP_ForeignExchangeHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=UGP_InterestRateHedgingInstrumentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=UGP_InterestRateHedgingInstrumentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>171
<FILENAME>R164.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6783347616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>32. Commitments (Details)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractOneMember', window );">Cargo Contract One</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargoPort', window );">Port</a></td>
<td class="text">Aratu <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MinimumCargoMovementPerYear', window );">Minimum movement in tons per years</a></td>
<td class="text">397,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargooAgreementMaturity', window );">Maturity</a></td>
<td class="text">2031<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractTwoMember', window );">Cargo Contract Two</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargoPort', window );">Port</a></td>
<td class="text">Aratu<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MinimumCargoMovementPerYear', window );">Minimum movement in tons per years</a></td>
<td class="text">900,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargooAgreementMaturity', window );">Maturity</a></td>
<td class="text">2022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractThreeMember', window );">Cargo Contract Three</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargoPort', window );">Port</a></td>
<td class="text">Suape<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MinimumCargoMovementPerYear', window );">Minimum movement in tons per years</a></td>
<td class="text">250,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargooAgreementMaturity', window );">Maturity</a></td>
<td class="text">2027<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractFourMember', window );">Cargo Contract Four</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargoPort', window );">Port</a></td>
<td class="text">Suape<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_MinimumCargoMovementPerYear', window );">Minimum movement in tons per years</a></td>
<td class="text">400,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CargooAgreementMaturity', window );">Maturity</a></td>
<td class="text">2029<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CargoPort">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Port required minimum movement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CargoPort</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CargooAgreementMaturity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maturity of the operating lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CargooAgreementMaturity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_MinimumCargoMovementPerYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum movement commitment having an initial or remaining non-cancelable letter-term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_MinimumCargoMovementPerYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfContractCommitmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfContractCommitmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=UGP_CargoContractOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=UGP_CargoContractTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=UGP_CargoContractThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=UGP_CargoContractFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=UGP_CargoContractFourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>172
<FILENAME>R165.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759671600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>32. Commitments (Details 1)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember', window );">Oxiteno</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Maximum compensation value</a></td>
<td class="nump">R$ 1,142<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember', window );">Ipiranga</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Maximum compensation value</a></td>
<td class="nump">924<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember', window );">Ultracargo</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Maximum compensation value</a></td>
<td class="nump">740<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_UltragazMember', window );">Ultragaz</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Maximum compensation value</a></td>
<td class="nump">150<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember', window );">Extrafarma</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfContractCommitmentsLineItems', window );"><strong>SummaryOfContractCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Maximum compensation value</a></td>
<td class="nump">R$ 160<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfContractCommitmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfContractCommitmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from insurance contracts. [Refer: Insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2016-01-13<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2016-03-30&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_OxitenoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_OxitenoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_IpirangaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_IpirangaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltracargoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltracargoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_UltragazMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_UltragazMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=UGP_ExtrafarmaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>173
<FILENAME>R166.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6777222192">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>32. Commitments (Details 2)<br> R$ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>BRL (R$)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCommitmentsLineItems', window );"><strong>SummaryOfCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureOperatingLeaseDisbursements', window );">Future operating lease disbursements</a></td>
<td class="nump">R$ 101,153<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractPayable', window );">Payable</a></td>
<td class="nump">1,143,059<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractReceivable', window );">Receivable</a></td>
<td class="num">(367,708)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember', window );">Up to 1 Year</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCommitmentsLineItems', window );"><strong>SummaryOfCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureOperatingLeaseDisbursements', window );">Future operating lease disbursements</a></td>
<td class="nump">38,321<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractPayable', window );">Payable</a></td>
<td class="nump">167,753<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractReceivable', window );">Receivable</a></td>
<td class="num">(60,705)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_Between1And5YearsMember', window );">Between 1 and 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCommitmentsLineItems', window );"><strong>SummaryOfCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureOperatingLeaseDisbursements', window );">Future operating lease disbursements</a></td>
<td class="nump">62,832<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractPayable', window );">Payable</a></td>
<td class="nump">530,744<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractReceivable', window );">Receivable</a></td>
<td class="num">(178,696)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember', window );">More than 5 years</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_SummaryOfCommitmentsLineItems', window );"><strong>SummaryOfCommitmentsLineItems [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_FutureOperatingLeaseDisbursements', window );">Future operating lease disbursements</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractPayable', window );">Payable</a></td>
<td class="nump">444,582<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_OperatingLeaseContractReceivable', window );">Receivable</a></td>
<td class="num">R$ (128,307)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_FutureOperatingLeaseDisbursements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_FutureOperatingLeaseDisbursements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingLeaseContractPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required rental payment for leases having an initial or remaining non-cancelable letter-terms up to one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingLeaseContractPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_OperatingLeaseContractReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required rental receivable for leases having an initial or remaining non-cancelable letter-terms up to one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_OperatingLeaseContractReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_SummaryOfCommitmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_SummaryOfCommitmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_UpTo1YearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_UpTo1YearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_Between1And5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_Between1And5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=UGP_MoreThan5YearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=UGP_MoreThan5YearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>174
<FILENAME>R167.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6787292672">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>32. Commitments (Details Narrative) - BRL (R$)<br> R$ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_UGP_CommitmentsDetailsNarrativeAbstract', window );"><strong>Commitments Details Narrative</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease', window );">Operating lease expense</a></td>
<td class="nump">R$ 160,465<span></span>
</td>
<td class="nump">R$ 101,330<span></span>
</td>
<td class="nump">R$ 100,522<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_UGP_CommitmentsDetailsNarrativeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">UGP_CommitmentsDetailsNarrativeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>UGP_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of contingent rents recognised as an expense for operating leases. [Refer: Contingent rents recognised as expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2016-01-13<br> -Paragraph 35<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2016-03-30&amp;anchor=para_35_c&amp;doctype=Standard<br> -URIDate 2016-03-31<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContingentRentsRecognisedAsExpenseClassifiedAsOperatingLease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>175
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
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/**
 * Rivet Software Inc.
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var Show = {};
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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/* Updated 2009-11-04 */
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/* DefRef Styles */
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..report table.authRefData a {
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</TEXT>
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<TYPE>XML
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<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
